Has extreme poverty really plunged since the 1980s? New analysis suggests not
- Written by Jason Hickel, Professor at the Institute for Environmental Science and Technology, Autonomous University of Barcelona
oceanfishing/ShutterstockData from the World Bank suggests that extreme poverty has declined dramatically over the past four decades, from 47% of the world’s population in 1981 to around 10% today.
This narrative is based on the World Bank’s method of calculating the share of people who live on less than US$3 per day in 2021 prices....
