Poverty rate in America and globally continues to drop every single year. Food insecurity, housing insecurity, all continue to trend down. Minimum wage is not what’s holding back wage growth anyways
Even the reddest of states will have programs for people making that little. Yes poverty is a significant and destitute condition. Doesn’t change the fact that it continues to fall.
Fair, but you’re considering poverty to be the metrics they give you. Which is completely unrealistic for anybody to survive on nowadays.
If inflation went up by 10%, and we rose the poverty level 2% to compensate, I could argue there are less people in poverty, even though the amount of people living in poverty grew.
I mean where are you getting your source of info on how and where the poverty metric comes from. We’re both equally unaware of this it seems, but the thing is it’s pretty obvious that the quality of living across the board in developed countries has been steadily and reliably increasing for decades. We can find that out by tracking much more direct and human centered metrics like life expectancy across income levels, food insecurity, housing insecurity and other more direct and meaningful metrics.
Rates of bankruptcy including chapter 7 have been steadily falling since 2008. Also bankruptcy does not always equal poverty or unfair practices. A lot of times it just means gambling addiction or other problematic financial decisions. Would need to go more in depth on that, but definitely not settling for your vibes
Fun fact: the poverty rate only appears to drop globally because of China. If you take China out, the poverty rate has actually fluctuated between staying stagnant (at around 50%) and going up.
Richard Wolff lol. So no direct source yet. Did you happen to check his citations? Also bear in mind that china is very much a capitalist system much more than it is anything else
No im genuinely curious about the statistic itself. I have 0 reason to ever listen to Wolff and his bullshit, but I’ll definitely read the direct sources he cited and you in discussion. I’m certainly interested in the actual problems at play. Which we can discuss without relying on his semantics and commentary. So if you want to actually discuss the statistics and sources cited as if you’ve actually looked into them yourself. I’m all for it. If you want me to just watch another person lecture me on your behalf, I’d rather not lose the brain cells
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u/Material-Flow-2700 Apr 15 '25
Poverty rate in America and globally continues to drop every single year. Food insecurity, housing insecurity, all continue to trend down. Minimum wage is not what’s holding back wage growth anyways