Posts tagged #economy (1)
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₱96 a Day and Not "Poor": Prices at 60% of Tokyo, a Weak Peso, and the Government's Broken Poverty Line
The Philippines' poverty line is about ₱96 per person per day, while prices have climbed to about 60% of Tokyo's. Official poverty is a record-low 9.7%, yet 55% of families call themselves poor. I set the line beside the minimum wage, lawmakers' pay, and the flood control scandal.
