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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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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