Indispenverty Case Study

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From the words of Dr. Martin Luther King Jr.; “two conditions are indispensable if we are to ensure that the guaranteed income operates as a consistently progressive measure. First, it must be pegged to the median income of society, not the lowest levels of income. To guarantee an income at the floor would simply perpetuate welfare standards and freeze into the society poverty conditions. Second, the guaranteed income must be dynamic; it must automatically increase as the total social income grows. Were it permitted to remain static under growth conditions, the recipients would suffer a relative decline. If periodic reviews disclose that the whole national income has risen, then the guaranteed income would have to be adjusted upward by the …show more content…

Although no reliable estimate exists for the number of hardcore poverty cases, the incidence of poverty can be easily seen to vary dramatically across a number of demographic characteristics (Sharp,2013). Lots of people around the world are challenged with not being able to know if a hot meal will exist the next day. Some reasons of this are, low level education, lack of work skills, poor health, and like mentioned before, discrimination. Of all, the significant reason people become a statistic of poverty is the low level education or lack of work skill. Let’s face it better schooling gets better paying jobs. Great schooling is critical for the high paying job, as well as keeping up with the new skills. It’s a proven fact that low education decreases the odds of making enough money to get out of poverty. Who’s leading the household is vital as well. Poverty is greater amongst one parent leading families then those who have both parents in the home. Age also plays a role on the poverty level. The young and elderly have higher poverty rates than the middle-aged people. Economically, poverty is due to families not having the right tools to increase their income. One must know what regulates the prices paid for resources that are consumed by society. Once the understanding is met the understanding of poverty may become clearer. What a worker is worth to an employer is referred to by economists as the marginal revenue product of labor (The Economic Causes of Poverty, 2013). While the economy is portraying competitive market characteristics, wage rate is determined by a worker’s contribution to a company’s revenues. Discrimination within the market goes back to two motives, needs and authority. Generally, humans are paid approximately what they are worth in a competitive economy (Evidence of Discrimination in Our Economy, 2013).Within our complex market

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