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by pm90
1906 days ago
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> And it seems that if that point holds, as Smith never actually challenges the point that the population beneath that line has actually gone up while "extreme poverty" has gone down (a point both agree on), then Smith isn't left with much of a position. One of the points that Smith is making is simply that using a fixed threshold for deciding on whether there has been meaningful progress in alleviating poverty is somewhat meaningless and misses what is actually going on. In the article, he shows how the distribution of per-capita income has changed, with larger parts of the population having more income than before, which seems to indicate that we are making progress in alleviating poverty. If you were to look at the fixed threshold, you would miss this "shift" in distribution and thus conclude that hardly any progress has been made. I think this is a meaningful argument, in that it points to us that we are "doing something right". |
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> Smith says we need to recognize increases in income that happen below $7.40. Such increases improve the lives of the poor, he points out, and we shouldn’t let that get obscured. I absolutely agree. Once again, I have not argued that we shouldn’t pay attention to low-level increases in income.