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Policies to Reduce Poverty

15 to $7.25 per hour in 2007" ( Sabia and Burkhauser, 2010). The attempt by the federal government and state was found only beneficial to certain minimum waged paying employees and was unsuccessful to the goal of reducing poverty proving to be a poor system. The data survey drawn for the population survey (Sabia and Burkhauser (2010) there were no evidence that minimum wage increase have lowered state poverty rates. One of the major key reasons behind this collection of data was due that majority of the poor do not even have a job in the first place rendering them ineligible for the benefits of pay increase, the statistical data found in this analysis reports to be far greater than expected reaching over 54 percent of the poor ( Sabia and Nielsen, 2012). These are direct results of the different forms of hardship that resulted in current standard of living. Majority of the of the unemployed individuals were caused by the lack of educational background that hindered their employment opportunities. Another aspect of the increase in wages directly affected the unemployment rates due to cause and effect of the sheer fact that the cost of labor has now increased reducing the demand of the hirable workforce; this makes a competitive businesses hire less people if the revenue does not meet the desired amount based on the labor costs. In addition to this viable fact is that, not only is the poverty stricken individuals are solely affected by this raise but also affects the inexperienced, low skilled youths.
             This explains one of Mankiw's Principles on "The cost of something is what you give up to get it" (Mankiw) because decision makers such as the federal government or state representatives who choose to pursue this exploit have to reflect on the evident outcomes and implicit costs of their actions. By increasing minimum wage unemployment rates increase because the labor demand will shift to unfavorable conditions and will not provide an opportunity for low skilled young workers who usually partake in part time jobs such as teenagers and youths any job options.


Essays Related to Policies to Reduce Poverty

1. How can Poverty be reduced in the world

Therefore there is a significant need to reduce this poverty around the world before it is too late. ... Firstly, good governance must be present in order for poverty to be reduced in the nation. ... In return, the governments of these countries agree to adopt economic policies which will bring sustainable benefits to the poor. Now, let us see how education can eradicate poverty. ... This must change if they are to break out of poverty. ...

  • Word Count: 559
  • Approx Pages: 2
  • Grade Level: Undergraduate

2. The Persistence of Poverty

Local Poverty The imposition of the national tariffs on trade and business ventures in a country contributes to high rates of poverty in a country. ... Shepherd and Hulme - Poverty and Chronic Poverty Hulme and Shepherd have done extensive research on poverty on different societal backgrounds from different parts of the world to demystify the practical details of poverty. ... Different authors such as Milanovich, Harris and Kanbur have developed different approaches and strategies of reducing poverty through the works of Hulme and Shepherd. ... Consequently, the varying levels and standards ...

  • Word Count: 1976
  • Approx Pages: 8
  • Has Bibliography
  • Grade Level: Undergraduate

3. Major Methods of Poverty Reduction

How can poverty be reduced then? ... At national level, lack of sound economic and political policies contribute to poverty. 1) The most important method for sustainable poverty reduction is promoting effective and sustainable economic growth. Economic growth is measured in terms of growing production, employment and earning and thus poverty can be reduced. 2) 2) Growth alone cannot automatically result in poverty reduction. ... To reduce poverty among these groups, conditional and non-conditional cash transfers should be used. ... Promoting the economic empowerment of women can solve many pr...

  • Word Count: 657
  • Approx Pages: 3

4. Feminist Explanations For The Feminization Of Poverty

Also he points out that families run by a single mother may reduce the household income and are more susceptible to poverty. ... In his previous article (Pressman 2002), he found fiscal policy to be a key cause of gender poverty gaps across the world. He came to conclude that differences in spending policy and government tax account for the cross-national differences in the gender poverty gap that is showed in Table 1. ... The result of these findings is high poverty rates for female headed households and large gender poverty gaps. Because of the high poverty rates for female run famili...

  • Word Count: 645
  • Approx Pages: 3
  • Grade Level: High School

5. Poverty

What was the War on Poverty? ... Johnson proclaimed a continuation of Kennedy's program, income-tax revision, foreign aid, and a vigorous but flexible foreign policy. The federal government had over spent for the Vietnam War while the other programs was further reduced (Mooney). ... "The economic expansion had reduced unemployment to 5.3 percent, but projections showed that 25 percent of young blacks were destined for a life of irregular employment," stated Greenbaum (Greenbaum). ... First , trying to reduce bombing led to talk between the U.S. and North Vietnamese representati...

  • Word Count: 2625
  • Approx Pages: 11
  • Grade Level: High School

6. Poverty and the Minimum Wage

The fact that minimum wage is not in any way related to the reduction of poverty has been overlooked by the government which has continued to pass this measure as a domestic policy (Burkhauser and Sabia, 262). ... It has been argued that minimum wage increases are weak policies which have no direct effect in increasing the income of those individuals who are categorized in the low income bracket (Sabia and Burkhauser, 592). Regardless of the fact that a higher proportion of poor people are normally helped through the increase of the minimum wage bill, it has also been found that this does no...

  • Word Count: 842
  • Approx Pages: 3
  • Has Bibliography
  • Grade Level: Undergraduate

7. History of Politics and Poverty

Although there are many definitions of poverty the World Bank Organization in 2013 defines poverty as poverty is hunger. Poverty is lack of shelter. Poverty is being sick and not being able to see a doctor. ... The New Poor Law was designed to be punitive and reduce the burden of looking after the poor. ... This scheme was considered respectable for workers as they contributed to their own care and reduced costs incurred by the government. ...

  • Word Count: 2289
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: Undergraduate

8. Chinese Economic Growth and Development

Back in China, for over 30 years, the Chinese government has exercised a policy called "One Child Policy". ... It was implemented to reduce population growth or fertility rate in order to salvage the consequences of population explosion. ... It involves increasing income levels and reducing poverty, reducing income inequalities and unemployment rates, and increasing provision of access to basic necessities. ... In that case the population would have to starve and economy will be suffering from poverty. ... The One Child Policy has helped China avoid this situation....

  • Word Count: 946
  • Approx Pages: 4
  • Grade Level: Undergraduate

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