hydrOHxide t1_j2ue95g wrote on January 4, 2023 at 12:35 AM

Reply to comment by Cranialscrewtop in European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

I think you missed that the World Bank explicitly states that they are using national, country-specific poverty lines. What it means to be below the poverty line in the US is something substantially different than what it means to be below the poverty line in Germany.

Cranialscrewtop t1_j2v0i3z wrote on January 4, 2023 at 3:16 AM

Exactly. Poor in NY is a different income than North Dakota. Same between countries. That's what makes the World Bank's data more meaningful, not less.