Right. His rhetorical flourish of calling something that has contributed to rapid poverty reduction a"global poverty chain" seems overblown !!
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Also, Maya, workers have dependents. Even if a worker is earning $10.01, no poverty analysis would put them as above the >$10/ day poverty line. We'd recognise that they'd divide their income with their family.
Yes I know. Number of dependents makes huge difference to relationship between wages and individual consumption. Asia floor wage PPP$ 1181 - implies take home pay c $46/ day
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Point is if jobs growing in export sector & wages higher than domestic income opportunities then involvement in GVCs contributing to poverty reduction, even if not at Asia Floor Wage level.
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Not necessarily.
End of conversation
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