Summary: Breaking The Vicious Poverty Cycle
Breaking the Vicious Poverty Cycle
Today, most experts agree that poverty in the United States is still rising, as layoffs rise and the economy stumbles. Meanwhile, the number of millionaires keeps growing. We are constantly told that capitalism represents the high point of human achievement. However, in a society that condemns large parts of the population to doubt about their ability to meet basic needs (food, education and health care), while millionaires spend thousands on luxuries; capitalism does not seems as the high development point of civilization. Poverty should be considered beyond a monetary term because of its multiple implications in children’s development. Poverty is a vicious cycle. The poor cannot afford education, and …show more content…
These skills, knowledge and health are necessarily developed through investment in the people, and then used in an economic environment and market structure. Poverty is worsening due to the low investment in human capital and the bad governmental policies that have been followed. The US Government, as the only entity that has the ability and responsibility to pick these less-favoured children from the vicious cycle, need to prioritize investment focusing on human capital, and not physical capital. Although infrastructure and machinery are required, competent workers and managers are needed to utilize these machines effectively. Schools are of great importance, but the education provided to children from poor families has been inadequate. The United States public school education system is not bad. However, it is bad among the 25% or so of the poor inner city families …show more content…
The incentive would consist of a monthly supplement conditional to children attending school regularly and performing well, and that children attend regular health check-ups. Because mental and physical health is also a problem for the poor, the program should include attendance and performance at school with health checks. Poor families usually take children out of school and put them in the work force so that they can contribute to the family’s income. This incentive will provide this additional money and ensure that children do not drop off
Today, most experts agree that poverty in the United States is still rising, as layoffs rise and the economy stumbles. Meanwhile, the number of millionaires keeps growing. We are constantly told that capitalism represents the high point of human achievement. However, in a society that condemns large parts of the population to doubt about their ability to meet basic needs (food, education and health care), while millionaires spend thousands on luxuries; capitalism does not seems as the high development point of civilization. Poverty should be considered beyond a monetary term because of its multiple implications in children’s development. Poverty is a vicious cycle. The poor cannot afford education, and …show more content…
These skills, knowledge and health are necessarily developed through investment in the people, and then used in an economic environment and market structure. Poverty is worsening due to the low investment in human capital and the bad governmental policies that have been followed. The US Government, as the only entity that has the ability and responsibility to pick these less-favoured children from the vicious cycle, need to prioritize investment focusing on human capital, and not physical capital. Although infrastructure and machinery are required, competent workers and managers are needed to utilize these machines effectively. Schools are of great importance, but the education provided to children from poor families has been inadequate. The United States public school education system is not bad. However, it is bad among the 25% or so of the poor inner city families …show more content…
The incentive would consist of a monthly supplement conditional to children attending school regularly and performing well, and that children attend regular health check-ups. Because mental and physical health is also a problem for the poor, the program should include attendance and performance at school with health checks. Poor families usually take children out of school and put them in the work force so that they can contribute to the family’s income. This incentive will provide this additional money and ensure that children do not drop off