Poverty rates are extremely difficult to measure. I’m sure this data is good-faith, but there are lot’s of statistics like this that are dishonest and spread by people like Stephen Pinker in order to shill for neo-liberalism.
For example the cash/day measure can be tweaked until you get the trend you want. We all know that cost of living varies between the States, so imagine how much it varies between different countries and continents. Saying a person only makes X/day would mean completely different things in a poor vs. wealthy country. Accounting for this difference is more opportunity to dial in the answer your looking for.
I’ve heard conservatives argue that “assets” like refrigerators and ovens be counted as wealth; owing to their belief that poverty is a choice and the privations are exaggerated. Meanwhile those of us on the left are automatically skeptical of figures that don’t show that poverty is bad and getting worse.
My point is that numbers like this should never be accepted credulously. Microtrends, the source of this data lives in the “market analysis” data space and I’m sure it’s a coincidence that the numbers align with the priors of conservative business types.
The y-axis on the chart is extremely misleading.
Talk about lying with statistics. The Y-axis isn’t labeled and the far end of the chart is still 47% of humans in extreme poverty.
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This is just a crappy SPAM site that grabs whatever statistics it can for free and puts up some charts. No analysis, no context, just automated chart generation and ads.
This is pretty bad. There’s no underlying sources. No units. What does “under 5.5” even mean?
Anyway. It’s only poverty if it meets the criteria the rich have set. Otherwise it’s just sparkling struggle.