![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
andrewduckerSome figures I just bumped into. No cite, sadly:
We live in a world where the expansion of the free market has transformed a planet of people whose daily challenge was to feed themselves, into one where we see poverty going away rapidly. In 1950, only half of Americans had indoor plumbing. Now even some of the poorest Americans have microwave ovens and television sets, let alone indoor plumbing.
Not only has the super-rich West been moving forward. In 1970, the percentage of humanity living at under $2 per day was 40%, under $1 per day was 16%. By 1998, less than 20% of humanity lived under $2 per day, and less than 7% live on under $1 per day (all measurements in 1985 dollars).
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
no subject
Date: 2003-09-01 12:50 am (UTC)no subject
Date: 2003-09-01 02:22 am (UTC)heh
Date: 2003-09-01 06:58 pm (UTC)no subject
Date: 2003-09-01 04:16 am (UTC)no subject
Date: 2003-09-01 11:39 am (UTC)no subject
Date: 2003-09-02 12:04 am (UTC)no subject
Date: 2003-09-02 12:07 am (UTC)It says that the number of people living on $1 a day has become less, even if you include the effect of inflation. I can't see how that isn't a good thing.
no subject
Date: 2003-09-02 01:55 am (UTC)I don't see where it mentions taking inflation into account (at least in the text you quoted in your post).
no subject
Date: 2003-09-02 02:57 am (UTC)no subject
Date: 2003-09-02 09:01 am (UTC)no subject
Date: 2003-09-02 11:53 pm (UTC)no subject
Date: 2003-09-02 11:54 pm (UTC)no subject
Date: 2003-09-03 12:15 am (UTC)Except that inflation isn't calculated from earnings, it's calculated from a basket of different produce designed to give an idea of the spending of real people.
no subject
Date: 2003-09-03 05:57 am (UTC)Your quote doesn't mention any of that, just what people were earning. Gettit?