4 ms·
I would still have expected that going from 0-1K to 1-2K would allow a lot more people to bootstrap themselves out of poverty. At least under the hypothesis tha
by rocqua 1y ago
I would still have expected that going from 0-1K to 1-2K would allow a lot more people to bootstrap themselves out of poverty. At least under the hypothesis that Poverty is a symptom of a persons circumstances, with most notably a lack of a financial buffer allowing for smart moves (e.g. the Sam Vimes theory of boots, or not being able to get a job because you cannot afford transportation).
In that case, that extra money should likely cause quite a few people to get out of those self-reinforcing poverty traps, and let them escape.