The fact is nearly half of the poor populations of working age do work even if it is minimal and millions of them work full-time. The decline in wages is very hard on families with dependent children. Because of changes in our economic structure availability of well-paying blue collar jobs in manufacturing companies is limited. Most industries are outsourcing to other countries to minimize labor costs and using machines to replace workers. Therefore younger adults, particularly those who have very little education are forced to work in service oriented jobs for lower pay, no benefits and no chance for promotion.
28 Jan. 2014. United States. Department of Commerce, Public Information Office. Income, poverty and health insurance coverage in the United States: 2010. 2011.
Haiti is one of the more indigent countries in the world; the country also holds a low economic status. Over time Haiti’s economy grew gradually at around 2.3 percent per year but fell intensely after the disastrous catastrophe (“Haiti Economy”). Because of the lack of land and necessities, Haiti’s agricultural economy doesn’t have the proper resources needed for it to improve Haiti’s economic status. Haiti’s population today is centered around ten million people, on average each person exists on approximately two dollars per day (“Haiti”). In Haiti the financial situation continues to be induced brutally by the rising prices of humanitarian supplies, rapid natural disasters, and the state of low economy they are experiencing (“Haiti”).
Quantitative Easing: What's In A Name?. Investopedia. Retrieved January 22, 2014, from http://www.investopedia.com/articles/economics/10/quantitative-easing.asp U.S. Economic Confidence Index (Weekly). (n.d.). Gallup economy.
Available: http://www.ryanair.com/doc/investor/2011/Annual_Report_2011_Final.pdf. Last accessed 1st January 2014. Siddiqui, A (2006). Managerial Economics And Financial Analysis. New Delhi: New Age International.
References Ghesquiere, Henri (2010) “Singapore's Success: Engineering Economic Growth”, Cengage Learning. Gregory, Paul R. (2010) “Comparative Economic Systems”. Boston: Houghton Mifflin Co. http://www.gov.sg/government/web/content/govsg/classic/home Losh, S. (2011). Group behavior in organizations. San Diego: Bridgepoint Education, Inc. Singapore Stats, Retrieved 4/7/2014 from: http://www.singstat.gov.sg/ Wood, John H. (2009) "Monetary Policy in a Small Open Economy: The Case of Singapore."
Journal of Policy Analysis & Management, 27(4), 895-925. Retrieved from EBSCO host. Rosenbaum, J., DeLuca, S., & Zuberi, A. (2009). When does residential mobility benefit low-income families?
Partnering for Relief: Poverty is a persisting, global issue. It not only affects people in developing or “poor” countries, but can also be found in developed nations such as the US. Although it is true that poverty in the US is different from poverty experienced by people in (i.e.) the Republic of Congo, Afghanistan, or Guinea, experiences of hunger and despair may be shared. With this in mind, the issue of poverty may be one of definition.
Today's news is full of speculation and debate about the national debt, taxes and potential cuts to vital programs that serve those in need. However, the conversation often seems overly caught up in the finer points of politics and media coverage rather than the real people that these decisions affect. I think it's fair to say that American attitudes toward the poor are more often than not, disdain and fear. There's a common myth that people are forced into poverty because they are simply lazy or inferior, the truth is it is harder to feed and clothe your family than ever before. Poverty in this country is not accidental, it is a direct result of funneling wealth upstream; the rich get richer and the poor suffer. "