#high-income countries
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How to escape the Middle-income Trap?
More than 100 countries—including China, India, Brazil, and South Africa—face serious obstacles that could hinder their efforts to become high-income countries in the next few decades, according to a new World Bank study that provides the first comprehensive roadmap to enable developing countries.... UN Web TV
Watch the World Bank explaining How to escaoe the Middle-income Trap?
#3i strategy#low income#middle income#investment#innovation#global leaders#comprehensive roadmap#high-income countries#low-income contries
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Gender labour income gap.
In high-income countries, a women earn 73 cents and men 1 dollar; compare to low-income countries where women earn 44 cents and mean 1 dollar. Despite a drop in the global unemployment rate to 4.9% in 2024, the ILO reports persistent inequalities in the labour market. Women in low-income countries are particularly affected. Read more:
#high-income countries#low-income countries#global unemployment rate#labour force participation#gender pay inequalities#world employment and social outlook#international labour organization#employment rates#sustainable development#sdg8#sdg5#gender equality#workplace gender equality
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#refugees#refugee resettlement#high-income countries#housing and health link#housing crisis#resettlement support
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i think the new way western leftists are gonna ignore discourse about imperialism is pretending that extreme poverty in the global south is not real.
#south african blogger is getting shit for saying usa problems are not so bad on a global level but bad compared to high income countries#which is such an anodyne statement i would not expect any pushback for it#imperialism
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My UK tax return is due by end of January and granted it takes an hour to fill but I am NOT letting myself write any fic until it is out of the way 😔😔😔
#also why i as a salaried worker with no other income need to once again fill tax returns#in a country with a functioning tax system is baffling to me#the high earner treshold is WAY too low imo#make ppl who are making like 500k a year deal with this not me
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I want to write a Vanyel/Stefen modern-with-magic AU soooo bad but I don’t know Valdemar lore like at all. There are six books standing between me and feeling comfortable enough in the lore to imagine what Valdemar might look like with the internet and planes
#anyway I have unhinged ideas about what modern Valdemar#like. I’m imagining Valdemar as a prosperous#happy country with a high level of social development and technology#public transit everywhere. universal basic income/free high quality healthcare/etc#like. not utopian. not by a long shot.#but overall doing well (at least in comparison to some of the other countries on Velgarth)#HOWEVER they are having this really divisive cultural moment about Heralds and the King#bc they’re basically appointed by a completely unaccountable higher power? and they have so much direct influence and control over#the life of an average person??? why should that be allowed?#so there’s a movement for direct democracy which is very successful at a local level#and is slowly making its way into higher levels of the government#and there’s suddenly intense scrutiny on the heralds. so when Vanyel gets caught up in a series of scandals it does a LOT of damage to#the institution of the heralds. but Vanyel is very very important to the security of the world#bc he successfully prevented the detonation of a nuclear weapon a few years earlier so he’s sort of the only thing standing between#the world and nuclear war#anyway I think that setting is way too dramatic for a weird gay fanfiction. so I’m workshopping it#vanyel ashkevron#last herald mage#gay herald in a squirrel suit
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IDK if it's a generational divide thing or whatever, but I don't like arguing with my mom about teenagers dating grown-ass adults.
#irl stuff#for context#yesterday during grandma's visit mom brought up that she used to date her older brother's friends when she was 15#her older brother was 21 at the time as were his friends#I've spent at least 20 minutes trying to explain to my mom that I'm not judging her#I am judging the the 21yo man with his own appartment and income#who thought it was a good idea to date a girl just starting high school and living with her parents#age of consent in my country is 15#and it was 15 30 years ago when that happened#that being said#being legal doesn't make it not really really weird and creepy#speaking as a 21 yo#15yos are fucking children boys or girls
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ok yea im still capable of crying apparently
#speculation nation#negative/#i'll stop bitching about this after this probably bc bitching isnt gonna fix anything#but ya boi might just have to suck it up and be uninsured#bc i can Not afford several hundred dollars a month for fucking health insurance while paying for school and rent#but since my income is high enough theyre saying i wouldnt be eligible for medicaid <3#im so fucking sick of living in this goddamned country#guess my fucking ribs arent gonna be fixed huh! <3
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I live so far away from the nearest larger city that I'd have to walk over 46 miles to get there - likely more due to the fact the place I live has strict laws about bystanders walking on freeways/highways. if I wanted to walk fewer miles, I could walk roughly about 10 to 12 miles (again, just to get there, not round trip).
Have I mentioned I'm disabled? I can barely make it down to the mailbox and back without feeling weak and exhausted. that's at maximum, 70 feet away from the van I live in. If I had to walk to the closest E.R. I'd have to walk 19 miles.
Even when I didn't live in a more rural space and admittedly lived in a larger city with a lot more infrastructure. It was still completely unreasonable to walk to any location - the elementary school (that I didn't go to as I was in middle school and also I did online school but that's not the point) That was a walkable distance - even in my current disabled state. Why? It was. Literally across the street.
the only other major place that was worthwhile for me to go to was a local garden/park area, and even then, that was insanely difficult to get to. The sidewalks were severely under maintained, and some of them were so overgrown that the plant matter was directly affecting the MAIN ROAD!
“America IS walkable, you’re all just lazy” my childhood home was an hour from the nearest hospital (by car)
#tango talks#i do think a big reason as to why the Big City i lived in was so. poorly maintained was directly a result of the main demographic#the neighborhood and local neighborhoods were rife with gang activity and it was not uncommon to see intense gun violence and drug deals#all in broad daylight.#i think a big fuckin part as to why the sidewalks were so corroded and severely disabled unfriendly is a direct result of the area#and the fact it was both high income and low income all at once.#that was then. this is now. and my current town is also FULL of gang violence (and a lot of human trafficking) and drug deals on the street#but its even. worse than seattle was. it has rven less funding for the basics. it has even less resources for helping to maintain the town#and its people.#gah i got. off topic hut the point is. holy shit this country is so large and has so many issues rhat NO it isnt walkable!!#unless youre in a MAIN hot bed spot/city/state you are likely looking at fuck all support and walkablity. especially if youre disabled.
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if I've learned anything from grad school it's to check your sources, and this has proven invaluable in the dozens of instances when I've had an MBA-type try to tell me something about finances or leadership. Case in point:
Firefox serves me clickbaity articles through Pocket, which is fine because I like Firefox. But sometimes an article makes me curious. I'm pretty anal about my finances, and I wondered if this article was, as I suspected, total horseshit, or could potentially benefit me and help me get my spending under control. So let's check the article in question.
It mostly seems like common sense. "...track expenses and income for at least a month before setting a budget...How much money do I have or earn? How much do I want to save?" Basic shit like that. But then I get to this section:
This sounds fucking made up to me. And thankfully, they've provided a source to their claim that "research has repeatedly shown" that writing things down changes behavior. First mistake. What research is this?
Forbes, naturally, my #1 source for absolute dogshit fart-sniffing financial schlock. Forbes is the type of website that guy from high school who constantly posts on linkedin trawls daily for little articles like this that make him feel better about refusing to pay for a decent package for his employees' healthcare (I'm from the United States, a barbaric, conflict-ridden country in the throes of civil unrest, so obsessed with violence that its warlords prioritize weapons over universal medical coverage. I digress). Forbes constantly posts shit like this, and I constantly spend my time at leadership seminars debunking poor consultants who get paid to read these claims credulously. Look at this highlighted text. Does it make sense to you that simply writing your financial goals down would result in a 10x increase in your income? Because if it does, let me make you an offer on this sick ass bridge.
Thankfully, Forbes also makes the mistake of citing their sources. Let's check to see where this hyperlink goes:
SidSavara. I've never heard of this site, but the About section tells me that Sid is "a technology leader who empowers teams to grow into their best selves. He is a life-long learner enjoys developing software, leading teams in delivering mission critical projects, playing guitar and watching football and basketball."
That doesn't mean anything. What are his LinkedIn credentials? With the caveat that anyone can lie on Linkedin, Mr. Savara appears to be a Software Engineer. Which is fine! I'm glad software engineers exist! But Sid's got nothing in his professional history which suggests he knows shit about finance. So I'm already pretty skeptical of his website, which is increasingly looking like a personal fart-huffing blog.
The article itself repeats the credulous claim made in the Forbes story earlier, but this time, provides no link for the 3% story. Mr. Savara is smarter than his colleages at Forbes, it's much wiser to just make shit up.
HOWEVER. I am not the first person to have followed this rabbit hole. Because at the very top of this article, there is a disclaimer.
Uh oh!
Sid's been called out before, and in the follow up to this article, he reveals the truth.
You can guess where this is going.
So to go back to the VERY beginning of this post, both Pocket/Good Housekeeping and Forbes failed to do even the most basic of research, taking the wild claim that writing down your budget may increase your income by 10x on good faith and the word of a(n admittedly honest about his shortcomings) software engineer.
Why did I spend 30 minutes to make a tumblr post about this? Mostly to show off how smart I am, but also to remind folks of just how flimsy any claim on the internet can be. Click those links, follow those sources, and when the sources stop linking, ask why.
#long post#side note- this is one of the reasons i dont cover shit i dont like in my video essays. yall havent seen me angry.
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Can India Achieve High-Income Status by 2047? Martin Wolf Weighs In
In a recent lecture organized by CUTS, Martin Wolf, Chief Economics Commentator at the Financial Times, expressed skepticism about Prime Minister Narendra Modi’s ambitious goal of making India a high-income country by 2047. While he acknowledged that the goal might be out of reach, he projected that India could still achieve upper middle-income status and emerge as a global superpower by the middle of the century.
Domestic Challenges and Necessary Reforms
Wolf pointed out that the significant obstacles to India’s progress lie within its domestic institutions, policies, and politics. He emphasized that achieving inclusive and rapid growth would require not only sustained openness to global markets but also massive investments in both physical and human capital. “Openness remains a handmaiden of economic progress,” Wolf remarked.
The Plausibility of Modi’s Vision
Reflecting on PM Modi’s vision, Wolf questioned the feasibility of transforming India into a high-income nation by 2047. However, he remained optimistic about India’s potential to become an upper middle-income country and a superpower by that time, underscoring the importance of size and influence on the global stage.
Navigating a Challenging Global Landscape
Wolf highlighted the current global environment as slow-growing, shock-prone, and fragile, which presents additional challenges for India. He stressed the importance of India using its influence to shape global dynamics in its favor while also adapting internally to seize emerging opportunities.
Leveraging Global Opportunities
In his analysis, Wolf noted that India has the potential to form productive economic relations worldwide and partially replace China as a competitive global supplier of goods and services. He urged India to position itself as a magnet for foreign direct investment and to play a constructive role in global discussions.
Strategic Economic Positioning
Wolf advised against succumbing to aggressive industrial policies and self-sufficiency. Instead, he recommended focusing on the services sector, where India holds a comparative advantage. He emphasized that India is large enough to shape global trends while simultaneously reforming its domestic economy to enhance its global competitiveness.
Conclusion
While acknowledging the hurdles, Martin Wolf’s insights suggest that with the right policies and strategic openness, India can make significant strides towards becoming an upper middle-income country and a superpower by 2047. The journey will require careful navigation of both domestic and global challenges, but the potential rewards are immense.
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My UK tax return is due by end of January and granted it takes an hour to fill but I am NOT letting myself write any fic until it is out of the way 😔😔😔
#also why i as a salaried worker with no other income need to once again fill tax returns#in a country with a functioning tax system is baffling to me#the high earner treshold is WAY too low imo#make ppl who are making like 500k a year deal with this not me
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i have a number of friends with upper-five- and six-figure incomes. it was pretty eye-opening when i learned that they do not consider themselves 'wealthy' or 'rich'. and they know they're skating on the rim of a volcano, too. they just happen to exist a little further away from lava death than the rest of us.
Ive noticed recently that my generation has... no concept of what the various economic classes actually are anymore. I talk to my friends and they genuinely say things like "at least i can afford a middle class lifestyle with this job because i dont need a roommate for my one bedroom apartment" and its like... oughh
You guys, middle class doesnt mean "a stable enough rented roof over your head," it means "a house you bought, a nice car or two, the ability to support a family, and take days off and vacations every year with income to spare for retirement savings and rainy days." If all you have is a rented apartment without a roommate and a used car, you're lower class. That's lower class.
And i cant help but wonder if this is why you get kids on tumblr lumping in doctors and actors into their "eat the rich" rhetoric: economic amnesia has blinded you to what the class divides actually are. The real middle class lifestyle has become so unattainable within a system that relies upon its existence that theyve convinced you that those who can still reach it are the elites while your extreme couponing to afford your groceries is the new normal.
#yes#very much this#my country is a strange place#socialism#'class' looks different everywhere#i don't know that the US has a 'middle class' anymore#there are parts of this country where a 6 fig income is literally poverty wages#bc cost of living is so high
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Someone who isn't european: I wanna try this and eat this
Some idiot european who thinks they're better than everyone who basically isn't white: oh don't eat that, disrespectful to what we have, eat/drink this instead
Me immediately seeing this: thanks I will eat/drink that in front of you to piss you off
#i only know 1 european person at this point cause they're not stuck up like that#can't stand europeans for numerous reasons like be fucking normal and chill with shit#quit being stuck up and get off your high horse you're going 6 feet in like everyone else🙄#anyways it confirms again the people i make friends with best#i can only make friends with low income or poor lgbtq fat autistic had an insane life and or from a second or third world country
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TIME SENSITIVE, PLEASE HELP BILAL
We want to extend our deepest gratitude and thanks to all the people who came out in support of Bilal‘s campaign and shared and donated.
I‘m really happy to announce that not only have some of the funds raised benefitted his family in Gaza, but it has also helped Bilal find a new place to stay, away from his terrible ex-employer and landlord, and has enabled him to extend his residency for another month. He is no longer at risk of deportation right now. It’s only thanks to your incredible support that all this was possible.
But despite all these good news, we need your help again.
There is currently no option to transfer funds from Germany to Gaza, as bank transfers to Gaza are being blocked by the German government. This means Bilal has to first transfer the funds to a bank in another country, and then from there to Gaza. The funds currently take a very long time to reach his family, and require Bilal to pay a high fee for the transfer as well.
On top of that, his ex-employer and landlord had extorted a large sum (€4800) from Bilal – a sum he claimed he still owed him from the time he was employed under him. With no other source of income at the time, Bilal saw no choice but to pay it using some of the money from the campaign.
Bilal feels extremely conflicted to be asking for help so soon again after reaching his last goal. But he unfortunately sees no other option due to the aforementioned problems.
We need your help in fighting the repression from the German government and also making sure that the funds you helped Bilal raise also reach his family in full.
This is why we need to raise €8,850 by the 15th of September i.e within the next 2 weeks. he currently has raised €101,150 of €110,000
This amount will help make up for the funds that were extorted from him by his landlord and help him pay the fees for multiple international bank transfers.
Please help Bilal reach his goal in time. You have gotten him this far, please don't let him down now. his campaign has been verified and can be found on @/el-shab-hussein’s and @/nabulsi’s list of vetted fundraisers here (#132, line 136) so PLEASE don't hesitate to share and donate.
[ID: a gfm link with a picture of two small children sitting in the sand in front of a cooking pot. they are looking up a the camera, eyes half-closed. the title reads "Donate to Help Evacuate My Family from Gaza to Safety, organized by Bilal salah" End ID] tagging for reach under the cut, please let me know if you'd like to be removed:
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@rhubarbspring @schoolhater @pcktknife @transmutationisms @sawasawako
@feluka @birabiroo @irhabiya @commissions4aid-international @wellwaterhysteria
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@cruzwalters @yugiohz @akajustmerry @shesnake @tamamita
@opencommunion
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sickkkkkkkkk just did The Math™ and found out my rent is fully 70% of my take-home per month
which, let's be honest, is a lot better than me making $0 per month and spending the same on rent, but fucking still
#dad is parceling out my 'inheritance' annually which helps substantially#scone had his passport kept by the consulate today which means that he's going to get his greencard#and then he's also going to get a job probably more easily than me because he knows python and sql#so it's going to be fine#but still. christ.#what a realization to have.#also according to various calculation websites the total tax rate i'm paying in OR is ~23%#which i KNOW due to my grant but my god#it's so HIGH#OR has one of the highest income tax rates for people earning under 100K in the country#it is—this may surprise you—higher than either CA or NY#A N Y W A Y#everything will be fine. scone will get a job too and contribute to household expenses#my insurance rates will go down by apprx. 80% (not an exaggeration) even with adding him onto the insurance#i can also get nicer insurance that may cover some amount of out-of-network stuff#if that's the case then my psychiatric care will also go down#also i will get a raise next year and can continue to 'reskill' for a cushier job#(i.e. higher paying. the workload in this job at this point seems... fair for the wage lol)#and again. stability. holy cow the stability#i just sometimes hate learning new things. this is one of those things#i am so tired of living in capitalism though#it sucks
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