World Bank global poverty estimates through 2019.

At $1.90/day, all regions cut poverty except for Middle East, where poverty increased due to wars.

public.flourish.studio/visualisation/…
At $3.20/day, same story.
At $5.50/day, poverty in Africa has been decreasing only slightly. Note Latin America's very good performance in cutting poverty since the mid-1990s.
Basic story:

1. Poverty is falling almost everywhere, no matter which cutoff level we use.

2. Poverty is rising in the Middle East due to wars.

3. Africa's poverty is falling only very gradually.

4. Latin America has made big gains against poverty since the 90s.

(end)

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More from @Noahpinion

18 Mar
Cash benefits are a complement to the dignity of work, not a substitute.
There's nothing dignified about taking a crappy survival job because you can't afford to take some time to look for a good one or go back to school to get a better one.
There's nothing dignified about working yourself to the bone only to have to stretch your paycheck to the end of the month because you can just barely afford rent and food.
Read 6 tweets
16 Mar
Folks, Substack isn't a network-effect platform. I use it because I am lazy. You can pretty easily set up a blog, an email newsletter, and subscription payments yourself. It's not a public square, except to the extent that the internet itself is a public square.
There are also other platforms that do the same thing as Substack, like Ghost.

It's utterly ridiculous to think that Substack somehow represents a gatekeeper to the world of newsletter blogs.

ghost.org/vs/substack/
I like the people who run Substack, and the web design looks nice, but if the company got nuked tomorrow, Noahpinion would be up and running on another platform within a day, with all of the same subscribers.
Read 4 tweets
16 Mar
1/Let's talk about global development.

Is the Global South catching up to the Global North?

Yes. Though not evenly.

noahpinion.substack.com/p/checking-in-…
2/Here's Wikipedia's picture of the Global South.

Basically, it looks like "countries that were developed around the year 2000".

The big question: Will this picture change?
3/Economic models predict that poor countries should catch up to rich ones.

But plenty of econ research in the 90s showed that hadn't happened yet.

dash.harvard.edu/bitstream/hand…

econ.nyu.edu/user/debraj/Co…
Read 20 tweets
11 Mar
Here's a picture of Southeast Asian growth.
And here's a picture of South Asian growth.
Here's a picture of growth for some Latin American countries.
Read 4 tweets
9 Mar
1/In today's @bopinion post, I talk about how America is shifting toward the idea of unconditional cash benefits and away from the idea of "workfare".

bloomberg.com/opinion/articl…
2/Biden's relief bill has no less than FIVE major cash benefit programs ($1400 checks, Pandemic UI, rental assistance, health care assistance, and the child tax credit).

This is no coincidence.

noahpinion.substack.com/p/bidens-first…
3/When I was a kid, everyone was worried about welfare dependency and poor people being paid not to work. Workfare thus became the most popular approach.
Read 15 tweets
9 Mar
1/In this @bopinion post, I talk about how the pandemic might change our view of the software industry's productivity and value -- and more importantly, how it might make the software industry more productive and valuable in reality!

bloomberg.com/opinion/articl…
2/First let's talk about *perceptions* of the software industry.

Throughout the pandemic, plenty of people have been skeptical of the ability of "tech" to help us during a plague.
3/But imagine what this pandemic would have been like without online services companies!

First of all, imagine COVID with no online shopping.
Read 13 tweets

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