preview

Poverty in America: Government Welfare Programs are the Solution

Better Essays

“What is poverty? Poverty is hunger. Poverty is lack of shelter. Poverty is being sick and not being able to see a doctor. Poverty is not having access to school and not knowing how to read. Poverty is not having a job, is fear for the future, living one day at a time. Poverty is losing a child to illness brought about by unclean water. Poverty is powerlessness, lack of representation and freedom” (The World Bank, 2009). People are deemed poor if their incomes are insufficient to obtain the basic necessitates for themselves or their families. The most common and stereotypic explanation of poverty is the poor cause their own poverty because in America anything is possible if you want it. This “blame the poor” point of view is does …show more content…

As for the price for capital, the price of any kind of capital depends on the demand for and supply of units of capital, and, at market equilibrium, the price of capital equals what that capital is worth to its employer. Market discrimination is another cause of poverty according to the text. Power to discriminate and the desire to discriminate are the two primary sources of market discrimination. The power to discriminate comes from a monopolistic market, which does not exist in the present day of the United States. The desire to discriminate is driven from people that are just downright prejudice. From an economic prospective, prejudice results in the resources being allocated on a basis other than productivity. So, employment opportunities and incomes of the adversely affected groups are reduced. The 2001 census bureau report 22.2 percent of people without a high school diploma lived in poverty as opposed to 9.6 who had a diploma. 14.2 percent of high school dropouts were lived in long term poverty, while 3.8 percent of people with high school diplomas lived in long term poverty. In less affluent neighborhoods, there is usually no funding available to hire quality teachers and equipment needed to educate the youth. As we progress education has become one of the main keys to battling poverty. It is harder to earn a decent living without having some kind of

Get Access