alt Hacker NewsPoverty levels are roughly the same between Vietnam and the US from a quick search. Mean standard of living is a poor way to calculate inequality. If you have a link to a median one it would help to compare.
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ernst_klim • today at 8:47 AM
> Poverty levels
Poverty levels are measured relative to median. Poverty in US and poverty in Bangladesh, Russia or Vietnam are completely different things.
In the US poverty line is about $16k, while in Russia for example it is $2300. Even considering the PPP it's like 4 times the difference in living standards. I guess Vietnam or Bangladesh are far worse.
Upd: downvotes with no counterargument. Orange site is becomming more and more a reddit.
>Poverty levels are roughly the same between Vietnam and the US from a quick search.
How is this an argument? A poor person in the US has a massively better standard of living than a poor person in Vietnam.
Poverty is relative. If you have a small apartment in a city of McMansions, you're poor, but if you have a goat in a village of no goats, you're rich.