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satt comments on The Triumph of Humanity Chart - Less Wrong Discussion

23 Post author: Dias 26 October 2015 01:41AM

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Comment author: satt 31 October 2015 03:18:53PM 3 points [-]

My point is that using the exchange rate to compute how many dollars a day someone makes in a country in which the exchange rate is only used to price things that the locals don't buy is very misleading.

I believe the World Bank defines poverty in terms of PPP-adjusted incomes for that reason.

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