Does global warming affect the socio-economic status of people, why?

The answer is YES!!

Socioeconomic impacts of worldwide warming may be substantial, reckoning on the particular temperature increases over the subsequent century. Models predict that a net heating of 1 to three °C (1.8 to 5.4 °F) beyond the late 20th-century global average would produce economic losses in some regions (particularly the tropics and high latitudes) and economic benefits in others. For warming beyond those levels, benefits would tend to say no and costs increase.

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