Addressing world poverty can be a challenge. In times of economic downturn, addressing the poverty problem commands the attention of all agents. Consumers, government agencies, and companies can begin to address this problem with sustainable solutions. Crisis
“GDP is growing both here and globally yet poverty is increasing.” Socioeconomic inequality is not a new happening in the United States. Disparities between races, gender, and classes are increasing. In fact, the United States is experiencing the greatest economic inequality between its wealthiest and poorest citizens since the Great Depression of the 1930s. Female workers earn 77 cents for every dollar earned by their male counterparts. Minorities own 18 cents for every dollar owned by white majority. Disparities are also concentrated in certain geographic regions. The loss of U.S. manufacturing jobs has had a disastrous effect on many inner cities dependent on that work. According to multiple statistical claims, income levels correlate with educational attainment, health care, and community vitality. Approach
Identify a secondary crisis as a new platform to mitigate economic inequalities. Draft a plan in a way that addresses both crises simultaneously in an efficient and creative way. Plan
Engage institutions of higher learning to identify unrelated crises that have high correlations to poverty and social inequality. Filter these crises to focus on those that have the highest impact and benefit for stakeholders involved. Charge policy makers to adopt the responsibility of the crisis and its impact on the community. Encourage policy makers to develop public policy that encourages private enterprise to embrace the secondary crisis while alleviating the primary crisis. The onus relies on government agencies to ensure its success. Questions
1. What could be the secondary crisis?