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JoshuaZ comments on A signaling theory of class x politics interaction - Less Wrong Discussion
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Can you expand on this? The poverty threshold in the US is designed to incorporate parameters for living standards regarding food and other essentials. How would you do things differently? It does have some problems certainly, like not taking into account differing costs of living in different locations, but as a rough measure for this purpose it seems fine.
After further investigation I retract the "much worse" comment. It is a little more precise than I previously thought.