"In the past 22 years, the world has managed to reduce its extreme poverty
rate by half." Note that this is focused on EXTREME poverty. It says
nothing about labor insecurity, static or falling real wage or any of the other
things we look at to assess the labor condition. But, yes, cutting the extreme
rate is an accomplishment.
Perhaps the USA former middle class has paid for this and that is why they are
now lower class/poor. By Obama's/democrat's logic, this redistribution
is a good thing. Now if they could just be legalized so they could get their
votes in return.It is too bad we don't have the vision to value
the potential for work in all people. We choose who to help and who to rob
instead, which limits true prosperity for the people of the world.