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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (608547)	4/21/2011 3:00:50 PM
From: Tenchusatsu	2 Recommendations Respond to of 1577953

Longnshort, a quick Google search turned up the following Wikipedia entry: en.wikipedia.org A couple of excerpts: > A measure of relative poverty defines "poverty" as being below some relative poverty threshold. For example, the statement that "households with an accumulated income less than 60% of the median income are living in poverty" uses a relative measure to define poverty. > In the UK, "more than five million people – over a fifth (23 percent) of all employees – were paid less than £6.67 an hour in April 2006. This is based on a low pay rate of 60 percent of full-time median earnings, equivalent to a little over £12,000 a year for a 35-hour working week. And here's something on the difference between absolute and relative poverty: > The term relative poverty can also be used in a different sense to mean "moderate poverty" –- for example, a standard of living or level of income that is high enough to satisfy basic needs (like water, food, clothing, shelter, and basic health care), but still significantly lower than that of the majority of the population under consideration. That's why I asked Alghieri for a link. It's important to keep things in context, especially when bringing up seemingly alarming statistics like the one he did. After all, if it's "relative poverty" he's concerned about, all he has to do is lower the median income of the nation and solve it that way. Come to think of it, that's what socialism ultimately accomplishes. Tenchusatsu