It should be but there are a lot of freebies given to poor people in developing countries which manages to keep them not as poor as they would be if left to their income alone
not as poor as they would be if left to their income alone
So what you’re saying is their income is not sufficient to live on, and the poverty line should be raised, because even with subsidies they’re still considered poor
Most of them are paid welfare in kind in form of food grains. If you are taking income based poverty, they are poor, in that they don’t have sufficient purchasing power to even afford the basics.
Yes, social wage is important. However, it doesn’t change the fact that even though wages have risen above $3 it is still stagnant and inequality is extremely high.
And secondly, in capitalist economies, higher income increases aggregate demand which can increase investments. In most third world countries, you see good demand for luxury goods, luxury cars from the top 5% yet very low demand for affordable cars, motorcycles etc because the bottom 95% have little purchasing power.
They’re using the old “teach a man to fish” bullshit argument, making me questions if they’re over the age of 50 because I hear that shit all the time from that age group. We aren’t given “freebies” at all in Guatemala. NO universal healthcare and a barebones welfare program. Our poverty rates have been pretty bad even for the region. If we’re getting free shit all the time then I’d love to know where I can get some.
Nope. It is not that high
Sure.
Edit: The reason why they keep poverty line this low is to how “successful” neoliberal policies are. The bar for “not poor” should be higher.
It should be but there are a lot of freebies given to poor people in developing countries which manages to keep them not as poor as they would be if left to their income alone
So what you’re saying is their income is not sufficient to live on, and the poverty line should be raised, because even with subsidies they’re still considered poor
They are not “poor” with subsidies. Subsidies help them stay above the poverty line.
Most of them are paid welfare in kind in form of food grains. If you are taking income based poverty, they are poor, in that they don’t have sufficient purchasing power to even afford the basics.
They are, you’re wrong
Yes, social wage is important. However, it doesn’t change the fact that even though wages have risen above $3 it is still stagnant and inequality is extremely high.
And secondly, in capitalist economies, higher income increases aggregate demand which can increase investments. In most third world countries, you see good demand for luxury goods, luxury cars from the top 5% yet very low demand for affordable cars, motorcycles etc because the bottom 95% have little purchasing power.
https://ourworldindata.org/grapher/share-living-with-less-than-10-int--per-day?tab=line
Also, “freebies”, interesting term.
They’re using the old “teach a man to fish” bullshit argument, making me questions if they’re over the age of 50 because I hear that shit all the time from that age group. We aren’t given “freebies” at all in Guatemala. NO universal healthcare and a barebones welfare program. Our poverty rates have been pretty bad even for the region. If we’re getting free shit all the time then I’d love to know where I can get some.