[OC] Progress against extreme poverty has slowed and is projected to end

    by cgiattino

    16 Comments

    1. CactusMasterRace on

      Good news: trillions of dollars of investment in Africa has just resulted in the generation of more poor people.

    2. I guess mainly because of the rapid population growth in sub Saharan Africa.

      If you look at the share in absolute poverty, the picture probably looks different

    3. Welcome to r/dataisbunk

      Where a single quote explains why data is a belief system rather than empirical.

      >This chart is based on the latest available projection made by the researchers at the World Bank.2 Up to 2030, this projection is based on the latest growth projections from the World Bank and the IMF. From 2031 onward, poverty projections are based on the average growth rates observed from 2015 to 2024.3

      Let’s pick a random decade and say that will be the expected growth for the foreseeable future discounting current growth trends because – just because.

    4. How does the proportion of people living on poverty in the growing regions look? Is it simply because once people are no longer living in extreme poverty their fertility rate decreases sharply? 

    5. Increase appears to be nearly all sub-Saharan Africa (as well as a little of North Africa/Middle East). So countries like Nigeria, Mali, Niger. Other parts of the world have mostly maxed out what they can do relatively so they have little ability to continue changing poverty overall.

      Those sub-Saharan countries are expected to explode in population in that time period. Couple that with them expected to remain under-developed, and you have a recipe for more poverty. Also the richer countries, with the exclusion of maybe China, have generally reduced how much aid they provide around the world. And. China’s goal isn’t generally to reduce poverty – more to increase their influence.

    6. Doing the threshold without accounting for cost of living differences makes no sense to me. Living on $10/day in the US would be incredibly difficult.

    7. This is weird data… $3/day is the international poverty line? Show us the data with localized poverty.

    8. We need a better way relative to measure standard of living and the cost of living. For instance, for shelter without electricity or water, how many hours does a person have to work per month to afford it? And with modern amenities, how many hours do people need to work for a studio apartment? A 2 bedroom? How many hours does a person need to work to afford a day’s supply of fresh drinking water? How many hours per month goes toward groceries? Personal care item? Tuition? Etc.

      $3 day isn’t even enough to buy water to survive in Manhattan for even a few days, not unless you’re supplementing with Penn Station bathroom sink water, etc., so USD in a vacuum never gives me a good frame of reference. No way 4 Billion people are sleeping clustered in an allyway without any shelter or water. People who live on a few thousand USD can be homeowners! Meanwhile I would pay 65% of my net pay annually on renting a one bedroom apartment, if I didn’t share it with my partner, and that’s in an older building with cheap landlords who don’t repair what they should, and an oven so old it doesn’t have a way to read temperature. But I have an oven. It would have been $1600/month 4 years ago to live in two rooms in a basement, without a kitchen at all, not even a kitchen sink, and no physical security or privacy. The NYC metro area has crazy high costs of living. Last year, a navy recruiter told me that their off base housing stipends are $4500 a month. I have less than half that to make work, again, losing 65% of my net income on a (relatively) low priced apartment. Because there’s two of us, we only pay over 30% each to stay housed in a place with solid ceilings, a kitchen, and heat in the winter, which is better than it could be otherwise, for sure. I’m fortunate but living is very expensive.

    9. According to the article this is from the reason progress isn’t projected to continue is that the majority of the remaining poorest people are in economies that have been stagnant for a long time- i.e., when China’s and India’s economies took off, the poorest people in those countries benefited and were lifted out of extreme poverty, but Malawi, Madagascar, and a few other countries are still about as poor as they ever were, and unless that changes their poorest citizens are trapped. I wonder what it would take to spark growth in those countries’ economies? They look pretty bleak, but no bleaker than a bunch of other countries did 50 years ago that are doing much better now.

    10. ihatemondaynights on

      Also to be noted World bank’s poverty metric and the international poverty line is at best a flawed methodology and at worst a sustained effort to sell poverty reduction statistics in counties that get bailouts from these organisations.

    Leave A Reply