It doesn't make sense to compare the two. Basics costs are much lower in India and Bulgaria. I live on less than the average poor American too, but I also pay 80$/month to live alone in a large apartment.
I can only assume that the "concrete bad thing" that might happen below 14,500$ a year is some combination of malnutrition, homelessness, illness, etc. The number might be less than that, but it's not much less.
The only claim that GP made was that many people consider 7.25/hr or 14,500/year to be too low to cover for basic costs. Why are you taking such an obtuse and provocative tone?