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.
deleted by creator
deleted by creator
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.
deleted by creator
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.