[pc86]

I wish these numbers were percentile relative to the local economy and not in made-up "international dollars."

It means absolutely nothing that 1.1B people live on $3-5/day and a different 1.1B live on $5-7. Can you survive in the local economy on $2/day? Then $4/day is not that bad, and $7/day is doing pretty well.

[vharuck]

I'm no international poverty economist, but I imagine lower income relative to neighboring countries would still have some effect. For instance, if a poor country suffers a famine in its staple crop, can that government and its citizens afford to import food?

[pessimizer]

https://en.wikipedia.org/wiki/Purchasing_power_parity

[pc86]

Yes I'm familiar with PPP. "International dollars" is something completely different. What is your point?

[vlovich123]

That’s a fair criticism but given how the economy has globalized, people also exploit that discrepancy by hiring remote workers abroad so it’s not completely irrelevant