In places where getting a $25 microloan is a big competitive advantage
I think this is an exaggeration. The severely poor are demarcated as earning less than $1 per day.
There are many millions of migrant workers from poor countries working in richer countries, e.g. Somalian taxi drivers in New York, Bangladeshi janitors in Dubai, and so forth. They make many thousands of dollars per year. They send remittances, and sometimes come home. This doesn’t seem to cause terrible resentments or anger. Rather, the money significantly boosts the standard of living back home, allowing the purchase of more imports and raising wages for local workers (paid out of the remittances and by the returnees).
I think this is an exaggeration. The severely poor are demarcated as earning less than $1 per day.
There are many millions of migrant workers from poor countries working in richer countries, e.g. Somalian taxi drivers in New York, Bangladeshi janitors in Dubai, and so forth. They make many thousands of dollars per year. They send remittances, and sometimes come home. This doesn’t seem to cause terrible resentments or anger. Rather, the money significantly boosts the standard of living back home, allowing the purchase of more imports and raising wages for local workers (paid out of the remittances and by the returnees).