Youngerthandumb
Youngerthandumb t1_j6pbko8 wrote
Reply to comment by Cultural_Flounder107 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
You're not wrong. Overall, they may be better off on paper, notwithstanding changes in cost of living. However, relative to the upper classes, they are worse off than they would be if the upper classes hadn't gobbled up a disproportionate part of the increased wealth of the nation. Extreme poverty is still a giant problem in India and I think it's unjust that they should see their proportion of wealth decrease (by 40% since the 80s!), even if their total wealth increased somewhat.
Youngerthandumb t1_j6oab0j wrote
Reply to comment by Cultural_Flounder107 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
Which graph are you referring to?
Youngerthandumb t1_j6o9hk8 wrote
Reply to comment by Spiritual-Fan5642 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
pedantic because I'm using numbers to make an argument? That's a new one.
Youngerthandumb t1_j6nt984 wrote
Reply to comment by [deleted] in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
And what about the other 900 million people? What are they one small step away from? Abject poverty. They're certainly not improving their lot.
Also: The top 10% are, by definition, relatively wealthy. Stop trying to pretend otherwise.
Youngerthandumb t1_j6nqasu wrote
Reply to comment by Spiritual-Fan5642 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
I did say that. However, this thread is about India. I'll quote myself, "Global inequality is on the rise. The figures are similar everywhere."
Youngerthandumb t1_j6npuy7 wrote
Reply to comment by [deleted] in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
How is 50% of the population, which has grown numerically, sharing 40% less wealth a good thing? Great news for the already wealthy I guess.
Youngerthandumb t1_j6me4ux wrote
Reply to comment by Reselects420 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
You can look at the Oxfam reports going back in the years. I'm not an expert, but the figures are pretty damning.
Here's 2016
https://www.oxfam.org/en/press-releases/richest-1-will-own-more-all-rest-2016
Youngerthandumb t1_j6mdx3p wrote
Reply to comment by Reselects420 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
Global inequality is on the rise. The figures are similar everywhere. It's cliche but, the rich get richer, and the poor get poorer, at least since the 70s.
Youngerthandumb t1_j6mcsgv wrote
Reply to comment by Nightshade238 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
Doesn't seem great for the lower classes.
"In India, the share of the national income of the bottom 50% has decreased by around 40% since 1980 (Figure 7). In contrast, the share of the national income of the top 10% has increased by around 80% (Figure 8) and the share of the top 1% has increased by around 180% since 1980 (Figure 9). "
Youngerthandumb t1_j1jgt71 wrote
This is kind of dumb but hear me out. You can harness your power. I'll give an example. I don't like doing the dishes, I don't hate it, but it's my least favourite cleaning thing. So what I do is get em started, then avoid doing them as much as I can. I'll go around and find other stuff to do instead, pick up some crap, take out the garbage, do some laundry, bathroom, whatever. After a few hours, everything is done, except the dishes, but then the dishes are super easy because, with everything else done, it's just a little thing.
Also, habits. If you get used to just doing something right then, especially if it's just small, it just becomes a thing you do rather than something you have to think about.
Youngerthandumb t1_j6pdrmq wrote
Reply to comment by Ok-Class6897 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
It's also a very young population overall, which helps.
https://indbiz.gov.in/one-of-the-youngest-populations-in-the-world-indias-most-valuable-asset/