Extreme Poverty and Slavery
Based on the poverty line of the World Bank (2005), which is the absolute minimum amount of
money needed to feed a family, corrected for the price inflation for food, the absolute minimum wage can be calculated at 0,935 Int $ PPP per hour.
For a wage of zero (slavery) the indicator is proposed as 1 DALY/year. The reason for this default value, and the deliberations why, is similar to that of Child Labour (Van der Velden et al., 2017, supplementary materials)
s-eco-costs-EP = 35.71 (0.935-Sal)/0.935 if Sal <0.935 s-eco-costsEP = 0 if Sal >0.935
s-eco-costs-EP = s-eco-costs of Extreme Poverty (€/hr)
Sal = actual salary per hour (Int $ PPP/hr)