Study On Employment Generation, Poverty Alleviation And Economic Development Essay

Throughout years poverty has been an ongoing situation that has only been increasing throughout the years. Many efforts have been issued by the government over the situation; but yet many of those efforts have failed to succeed. Increased dependency is the only long term impact that government efforts have had on poverty. By solving poverty the government could make the economy grow more for everyone , because many people would be going back into the workforce. The government has a responsibility to end poverty through providing education, better programs, and jobs.

This paper will give a clear examination of the problem of poverty. It will first show how big poverty is and how it progressed in America. Moreover, how it affects the people in America and if not dealt with can bring America into a bad predicament. Next this paper will present three possible policies that can be solutions to poverty or at least help it: adjusting the minimum wage, education opportunities for all, and last an interagency working group on reducing poverty. This paper will first explain each policy solution. Then it will analyze the pros and cons, and possible strength and weakness of each solution. Then lastly, it will present an opinion on the problem of poverty.

In some countries, people living in poverty may be oppressed, current low economic status causing unemployment or homelessness. Many people are living in poverty due to situations out of their control. It seems like in other countries, direct assistance has helped influence the reduction of poverty. There have been many studies performed to change societies perceptions and solutions to rid poverty such as providing education, reduce the cost of living, raise minimum wage and try direct assistance. Education can be a helpful tool in bringing people out of poverty because it increases the number of highly skilled workers which help generate more money for everyone.

India’s economy is one that appears to be on the brink of a major recession. Their central bank has made bad choices over the last number of years. This has lead to a low growth within the country and a high inflation rate. They changed their political leadership to someone who was more open to change and reform, but this has not come about. India reformed its tax system, which they believed would be the key to success in the country. This in fact caused the opposite. The economy slowed down sharply. They banned the sale of cows in India due to religions reason and this stopped the growth of agriculture as this was a huge export for the country. India has about 12 million new young people enter its job market each year and finding jobs for this vast quality of people is a hinderance for the country and yet another driving factor for lower growth. India expects the initial impact of their tax reform to be over and now they will see a stabilization of their economy. It is believed their economy will now grow in small increments due to this stabilization.

Though evaluating the anti-poverty approach listed above, what I have come to notice is that the government had made very few progresses to remedy our poverty crisis. At the moment, one in five American children is subjected to “food stamp”. A lot of political and social changes have took place in American since the Social Security Bill was first introduced, yet a majority the policies that we use to address our poverty concerns remain the same. Our public assistance programs hesitated to adapt to the industrial transformations and hence, did not adjust the amount of aid toward the already vulnerable working-poor. Coupled with the lack of aid, our welfare system has become completely “rule based”. Our welfare system today focused more on formality, and has done little to counter the impacts of our ongoing recessions and globalization.

Multiple factors determine the developmental pace of a country. One important factor that has determined the development of America is its economy. Unemployment rates, inflation, and rise in poverty are just a few economic indicators that a country is not developing properly. Cutting poverty in order to help the poor and enlarge the middle class is a major goal the U.S. is trying to achieve. According to The State of Working America, the rise in poverty is clearly depicted following the most recent American economic recession. The best way to cut poverty in America is to raise the minimum wage, create new jobs, and expand Medicaid.

Poverty is a very big problem happening around the world, especially in America. America is known for being successful, however, the difference between the rich and poor is very big. A great example will be a recession that happened in America in 2007 until 2009. These people living in poverty suffer getting jobs, supporting their family with the lack of money they earn and don’t have a proper home or education. For these reasons, the economy is affected negatively.

Poverty and economic coincides, as economy grows, then there will be more employment and income growth. The World Bank long-held estimate of the amount of people living with one dollar a day has now increased to one dollar and twenty-five cents (“Poverty Around The…”). Although the daily amount of money a person lives increased throughout the years, it is still not enough. Even minimum wage has to be roughly around seven dollars which is still seven hundred percent more than what people in poverty has to live with. A part of history that cause hundreds of citizen to be in poverty for nearly three and a half years was the Great Depression. The stock market crash lead to a sharp economic decline which forced citizens to lose jobs, translate into

also aims at ending the dependency of needy parents on assistance and aid by advancing job

Poverty is “the state or condition of having little or no money, goods, or means of support; condition of being poor” (Dictionary.com, 2017). Based off this definition poverty is a condition that can cause a cascade of cause and effect actions that is detrimental to families and individuals both physically and mentally. Haan, Kaplan, & Camacho (2017) completed a study on the correlation between social and economic status and health in adults in Oakland, CA. They found that the lower the socioeconomic class the higher incidents of diseases and deaths related to chronic diseases (p.1161-1162). Just being without money or little money was not the only indication of health indication, a person living in an area with higher poverty issues

“Proponents and analysts of SD [sustainable development] need to clearly reject the attempts to focus on economic growth as a means to poverty removal and/or environmental sustainability” (Lele 1991: 618). Do you agree with this statement? Explain your position.

Changes to the tax and benefit system also seek to reduce the risk of the ‘poverty trap’ – where households on low incomes see little net financial benefit from supplying extra hours of their labor. If tax and benefit reforms can improve incentives and lead to an increase in the labor supply, this will help to reduce the equilibrium rate of unemployment (the NAIRU) and thereby increase the economy’s non-inflationary growth rate.

Amartya Sen defines economic development in terms of personal freedom, freedom to choose from a range of options. While economic growth may lead to an increase in the purchasing power of people, if the country has a repressed economy, there is lack of choice and hence personal freedom in restricted. Hence once again growth has taken place without any development. While economic growth may result in an improvement in the standard of living of a relatively small proportion of the population whilst the majority of the population remains poor. It is how the economic growth is distributed amongst the population that determines the level of development.

Objective 1.2 - To advocate on the implementation of anti-poverty action plan (youth to have access to government funding other than donor funding).

From the time of independence, India has been suffering from acute poverty, most of it is chronic in nature. If we look at the percentage of people below the poverty line, we do notice a sharp fall, but the absolute number remains increasing at a high rate.