I don’t know too much about the median income, but I’d wager that it was mostly because the really poor country got a bit better off. Also, at least according to Wikipedia, the latest definition of extreme poverty was made in 2015, before the recent inflation spikes.
And “beat expectations” is just a non-statement. What were the expectations? And how does it matter if we’re still on track for a climate catastrophe? We’ve crossed the 1.5°C target.
but I’d wager that it was mostly because the really poor country got a bit better off.
That’s what happened. The bimodal world income distribution has become unimodal as the working class of East Asia has seen a lot of improvement. Inequality in the first world went up since a lot of working class jobs left their countries while the wealthy were able to get richer.
I don’t know too much about the median income, but I’d wager that it was mostly because the really poor country got a bit better off. Also, at least according to Wikipedia, the latest definition of extreme poverty was made in 2015, before the recent inflation spikes.
And “beat expectations” is just a non-statement. What were the expectations? And how does it matter if we’re still on track for a climate catastrophe? We’ve crossed the 1.5°C target.
That’s what happened. The bimodal world income distribution has become unimodal as the working class of East Asia has seen a lot of improvement. Inequality in the first world went up since a lot of working class jobs left their countries while the wealthy were able to get richer.