With unemployment low and wages rising, the struggle for basic necessities like food should be easing. But those on the front lines of feeding the hungry say they are seeing the opposite.
Over the last 200 years, it has been more likely for people to climb out of extreme poverty than go the other way. The amount of people in extreme poverty was ~75% in 1820, and it’s now ~10%.
But perhaps you were talking about poverty, not extreme poverty. That figure has been rather more or less same for a long time in the US.
In the last 20 years vastly more people climbed out of poverty in China than in USA. If that’s your metric Chinese economy is doing amazing and USA has stagnated 20 years ago.
It’s pretty much a fact that the Chinese economy has been doing great in the last 20 years, and since most of the extreme poverty used to be in places like China, it’s not a large surprise that the most climbing happened there. It’s easier to climb when you’re at the bottom – there’s way more room above you than below you.
They do. And poor people don’t matter so you’re all good. Just be careful not to get sick and fall below the middle class line.
Over the last 200 years, it has been more likely for people to climb out of extreme poverty than go the other way. The amount of people in extreme poverty was ~75% in 1820, and it’s now ~10%.
But perhaps you were talking about poverty, not extreme poverty. That figure has been rather more or less same for a long time in the US.
In the last 20 years vastly more people climbed out of poverty in China than in USA. If that’s your metric Chinese economy is doing amazing and USA has stagnated 20 years ago.
It’s pretty much a fact that the Chinese economy has been doing great in the last 20 years, and since most of the extreme poverty used to be in places like China, it’s not a large surprise that the most climbing happened there. It’s easier to climb when you’re at the bottom – there’s way more room above you than below you.