So being the sperg that I am I was going through the list of all the countries globally in terms of GDP per capita and the question that came to mind was what's the minimum annual income a person needs to live a decent life?
Going through the list for the third world countries I feel like a decent bottom line GDP per capita where literally everyone can survive with a roof over their heads is around 4000 USD per annum.
So I figure that the world will no longer hunger or suffer when the poorest country in the world has crossed 4000 USD per capita.
Currently the poorest region in the world is the Central African Republic with a GDP per capita of 663 USD per capita.
Now I used a compound interest calculator for this, but assuming a growth rate of 6% per year, it would take the poorest country in the world 31 years to cross the 4000 USD per annum mark.
Of course we also have to account for the fact that as more countries come out of poverty or become wealthy the remaining funding can be focused on a smaller group of nations which may speed things up.
Countries such as Mexico, UAE, Russia, for example are likely to become developed nations within the coming decades. This gives us more countries with wealth to spread to poorer areas.
So taking all these factors into account, in my opinion poverty will be ended globally by around 2040, ten years later than the UN set goals.
What do you guys think?
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Poverty is a relative concept. Today the poorest in US society have a quality of life beyond the imagination of most people 300 years ago (plumbing, sanitation, arenβt worked to the bone, medical care, stable access to food, housing with climate control, modern technology like phones, access to free education to age 18, social safety net, etc) The definition of poverty will just keep changing with time & there will always be a permanent underclass of some sort.
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I keep forgetting you guys arent third worlders. I meant the part of your population skipping meals to save money kind of poverty.
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Higher standard of living implies a higher expectation of wages. Currently developed countries maintain their high standard of living by exploiting third world countries for their cheap labor and resources.
Because so many powerful companies depend on their being poor people to exploit somewhere in the world I doubt there will ever be a day where poverty is truly gone.
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Yes but the trade is you make a third worlder do the work for less than you pay at home but more than they pay in that country so the overall quality always goes higher. For example China had six hundred million people leave poverty in the past decade if I got my timeline correct. At those rates you could remove absolute poverty no doubt across the world. The hard part will be once you know for a fact that some countries are just too r slurred to be uplifted because they are the only ones permanently left behind.
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this is extensively investigated. poverty being ended is complicated, why would Africa be all good In 20-40 years? Technology development is complex as is politics. America and Poland have poverty according to the UN why would that end
And look up those poor country growth rates theyβre not currently 6%. But again who knows you canβt just say itβs x%
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Extreme poverty defined as living below 1.50 usd per day.
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These are two very different things.
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For most third world poor people they are the same thing. Learn some perspective.
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We don't care about the pretexts you've collected that justify to yourselves why your particular targeted harassment behaviour is justified; It's still a witch hunt, and it's still disallowed by Reddit sitewide rules, and your witch hunt is the kind of thing that gets picked up by those who do evil and given another pretext to go harass other people. You are building a weapon that breaks Reddit. Reddit admins will not allow it.
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