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If you were able to move the poverty level in a place like rural WV to zero, don't you think it would shortly become economically active?
by jonway 2y ago
If you were able to move the poverty level in a place like rural WV to zero, don't you think it would shortly become economically active?
- jncfhnb 2y agoNo? What would they do that creates value?
- thankyoufriend 2y agoIf there was a sudden surplus of money in the community, isn't it pretty likely people would spend it immediately? Sure, some - maybe a lot initially - would go towards drugs and this would require some attention. However, whatever goods/services currently exist there wouldn't be enough to supply this new level of demand. That would then incentivize people to start offering competition for those goods/services or creating bespoke goods/services for their new customer base. For the people who do actually want to save up and leave, they may now have the means to do so. Side rant: I don't think many people in this country grasp how expensive, time-consuming and anxiety-inducing moving is nowadays - especially longer distances or across states.
- jncfhnb 2y agoPersonally I doubt it. Most goods would continue to be imported. Wealth would flow in from the government and then flow out to external entities. Local service jobs don’t make for much of an economy unless you have tourism.