With the last 52 impoverished counties successively declaring victory against extreme poverty, China has achieved its goal of eliminating absolute poverty one month before its self-imposed deadline.
The people making $1 a day are mostly substinence farmers. This is an enormous achievement and means these people have permanent famine security and enough surplus value to improve their lives consistently.
I haven't checked this specific article but most of the time these things are adjusted to be 1usd/day adjusted for ppp, it's incredibly standard for poverty alleviation so it would be weird if this article didn't do that.
Yeah it's a spectacular achievement. In 2011 (the last time research was done on it) there was still a good deal of people living on under $2/day (including food and housing subsidies into that calculation) and I'm sure it's only gone up since then.
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The people making $1 a day are mostly substinence farmers. This is an enormous achievement and means these people have permanent famine security and enough surplus value to improve their lives consistently.
I haven't checked this specific article but most of the time these things are adjusted to be 1usd/day adjusted for ppp, it's incredibly standard for poverty alleviation so it would be weird if this article didn't do that.
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Yeah but this an in international standard that even China follows in order to submit reports to the UN.
If you read in the article it's actually $2.30/day adjusted for ppp. Plus as another commenter said looks to secure food and clothing on top of that.
I'll take an extra 60 bucks a month at this point please.
Basically ends up being a free month of rent a year. God that'd rule
Yeah it's a spectacular achievement. In 2011 (the last time research was done on it) there was still a good deal of people living on under $2/day (including food and housing subsidies into that calculation) and I'm sure it's only gone up since then.