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What is significant is not what the poverty rate is in absolute terms. Poverty has been edward norton higher in the past than currently. What is very interesting is that this increase occurred in a year when GDP figures indicate healthy economic growth. This shows the increasing ineffectuality of GDP growth as a predictor of poverty rates. And it is not only true for this year, but is part of a larger, fifty year trend in the relationship edward norton between GDP growth and poverty. This relationship, which was very strong before the fifties or so, grew weak during the 80's edward norton and 90's and seems to have completely broken down now. The policy implications of this are that we are unlikely to gain any further significant poverty reduction from economic growth. Such is the opinion of some policy experts, at least, such as Richard Freeman of the National Bureau of Economic Research at Harvard.
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