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12 votes
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"Why you feel poorer than ever: " (Spoiler) "The problem is getting what we need"
31 votes -
Giorgia Meloni accused of splitting Italy over law to let richer regions keep taxes. Critics say differentiated autonomy bill, sought by wealthier areas, will increase poverty in south.
9 votes -
GDP per capita vs. the federal poverty rate over the years (observation and discussion)
Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this. In the 1960s, America's GDP (per capita) was $3,000. Also, in 1960, the...
Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this.
In the 1960s, America's GDP (per capita) was $3,000.
Also, in 1960, the federal poverty limit was $3,000 for a family of four.In 2023, the GDP (per capita) was $82,034.
The federal poverty limit for a family of four in 2023 was $30,000.This can't be good for the American people. Unless I'm drawing comparisons between two completely unrelated things?
People who are barely in poverty today would have to earn ~2.7x the amount they earn to stay consistent with those who were barely in poverty in the 1960s if GDP and FPL were still equal to each other. So what about the families caught in the middle? Too high earnings to get help and too low to thrive? They just suffer, I guess.
Out of curiosity, I calculated what the thresholds would be if the percentages of GDP to FPL were swapped between 2023 and 1960.
1960s numbers adjusted if FPL matched 2023's percentage:
GDP=$3,000
FPL=$1,1111960s numbers adjusted if GDP matched the percentage comparison of 2023:
GDP=$8,100
FPL=$3,000Please let me know if it actually matters that the GDP per capita is 2.7x the federal poverty limit for a family of four. Also, let me know your thoughts.
8 votes -
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21 votes -
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26 votes -
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29 votes -
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22 votes -
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13 votes -
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6 votes -
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10 votes -
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6 votes -
Field experiments and the practice of policy - Esther Duflo's Nobel Lecture (2019)
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5 votes -
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14 votes -
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17 votes -
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6 votes -
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17 votes -
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19 votes -
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11 votes -
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10 votes -
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5 votes -
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12 votes -
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13 votes -
UK austerity has inflicted 'great misery' on citizens, UN says
9 votes -
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14 votes -
The bottom ninety percent are still poorer than they were in 2007
10 votes -
The bottom ninety percent are still poorer than they were in 2007
23 votes