A letter to Steven Pinker about global poverty

Re:A letter to Steven Pinker about global poverty by marcus_holmes on Tuesday February 12, 2019 @06:54AM (#19142769)

I'm a bit confused about the global poverty amount. What is that $7.50 exactly?

I've recently lived in Cambodia, and I'm now in Australia. $7.50 in Cambodia is enough to get three good meals and a couple of beers (for a local). $7.50 in Australia is not enough to get a single meal.

How do they calculate it so they take into account disparate purchasing power?

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Re:A letter to Steven Pinker about global poverty by crefflar on Tuesday February 12, 2019 @07:06AM (#19142827)

The dollars quoted are in terms of purchasing power in the United States as of 2011.

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Re:A letter to Steven Pinker about global poverty by marcus_holmes on Tuesday February 12, 2019 @06:45PM (#19148894)

I think I see - so if $7.50 in the USA in 2011 can buy 5Kg of rice, then the equivalent income in Cambodia is about $2.50 and in Australia is about $25... is that right?

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