A recent report from the TPA suggested that we should redefine poverty. Instead of it being 60% of median household income, as it is at present, if we move it to 50% of mendian household income then we\’ve actyually got a chance of being able to afford to both reduce poverty and also make work pay.
(The OECD defines poor as someone living in a household with less than half the median income, adjusted for family size.)
Oh, OK then, we\’ll just be adopting the international standard as our definition of poverty then.
Excellent, let\’s do that then.