https://wir2022.wid.world/chapter-2/
In figure 2.3, it shows that global inequality hasn't been lower since the 1870s, back when virtually all but the rich would be living in poverty by the standards of today.
In figure 2.3, it shows that global inequality hasn't been lower since the 1870s, back when virtually all but the rich would be living in poverty by the standards of today.
> but the rich would be living in poverty by the standards of today
Such a comparison is completely useless. A person today in the US in poverty is better off than a caveman. What of it?
[1]: https://www.sciencedirect.com/science/article/abs/pii/S00144...
You could make an argument for 2019, but COVID-19 significantly increased global inequality; in wealth and health [1-3].
[1]: https://news.un.org/en/story/2020/01/1055681 [2]: https://www.economist.com/finance-and-economics/2022/08/02/g... [3]: https://inequality.org/facts/global-inequality/