Tag: poverty
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Revisiting Wealth – Bob Lupton
This is from Bob Lupton, FCS Urban Ministries, in the Urban Perspectives newsletter. He is always thought-provoking. This issue was especially good! (Note: Urban Perspectives allows copying these articles if attribution is given.) Revisiting Wealth Wealth. A sign of God’s favor. At least that’s how it was viewed in Old Testament times. Wealth was equated…
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Employment is the Issue, Not the Minimum Wage
There is a lot of talk about raising the minimum wage to $10.10. I sense many advocates believe this will lift countless millions out of poverty. Is that true, and is the minimum wage a central factor in reducing poverty? I'm not advocating for or against the minimum wage. The Congressional Budget Office did a…
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How extremely poor families earn their money, with my thoughts about small to medium enterprises
MRUniversity. "What do we know about how extremely poor families earn their money? This video focuses on families earning $2 a day or less." The video notes that most poor people earn their money with undercapitalized small enterprises. To get a cycle of prosperity going, capital investment is needed. Very small capital improvements can add…
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The Story of Globalization in 1 Graph
Atlantic: The Story of Globalization in 1 Graph … Globalization has winners and losers. The winners—particularly the upwardly mobile middle classes of China, India, Indonesia,Brazil, and Egypt—occupy the long hump of this elephant-like line. They have seen their inflation-adjusted incomes grow by 70 percent or more. The world's "1%" (which works out to the top…