Nothing like a little vindication, Bill Gates pretty much quoted the same chart and a lot of people pointed out 1.90 is an insult to poverty.
Although everyone agrees it is better than before, progress.
(Population growth means more people in poverty, while there is less percentage wise)
https://www.vox.com/future-perfect/2019/2/12/18215534/bill-gates-global-poverty-chart1.The $1.90-a-day line is “obscenely low,” and “earning $2 per day doesn’t mean that you’re somehow suddenly free of extreme poverty.” A minimum of $7.40 per day, at least, is necessary for “basic nutrition and normal human life expectancy.”
2. Using the percentage of people in poverty is misleading, and we should instead focus on the absolute number of people in poverty, which according to Hickel’s preferred $7.40-a-day line has increased since 1981.
3. All the numbers before 1981, when the World Bank began collecting detailed survey data on poverty, are illegitimate: “Anything before that is extremely sketchy, and to go back as far as 1820 is meaningless. Roser draws on a dataset that was never intended to describe poverty, but rather inequality in the distribution of world GDP — and that for only a limited range of countries.”
4. The chart erases the toll of colonialism, particularly in the 1820 to 1981 period. “The world went from a situation where most of humanity had no need of money at all to one where today most of humanity struggles to survive on extremely small amounts of money,” Hickel writes. “The graph casts this as a decline in poverty, but in reality what was going on was a process of dispossession that bulldozed people into the capitalist labour system, during the enclosure movements in Europe and the colonization of the global south.”
5. Related to point 4, it’s not clear that going from a pre-monetary society to a monetary society — even if that monetary society is cutting monetary poverty at a rapid rate — represents an improvement in living standards, especially when that transition happened in large part due to violence and coercion by Western powers.
6. “Virtually all” the reduction in extreme poverty occurred in China, which relied on extensive state support for industry and exports. “It is disingenuous, then, for the likes of Gates and [Steven] Pinker to claim these gains as victories for Washington-consensus neoliberalism,” Hickel writes.