Clark's "The Economics of Poverty Essay

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The official method of tracking by the government is wildly misleading, too; because they use the absolute method to track the poverty level across the nation, regional cost of living differences are not taken into account. For instance, my rent for a month for a very modest studio apartment is $500/month, and I found a pretty good deal. This means my rent for the year is $6,000. According to the poverty level in the article's table (which, granted, is for 2004), a single-member family (like myself, economically speaking) isn't officially poor if they make more than $9,827 a year. In my situation, that leaves $3,827 to pay all my living expenses (after rent) fro an entire year -- or about $319 a month. I'm sure it would be possible to live on this, and I'm really not a materialist, but it would take half of this at least to cover utilities (cell phone, gas, electricity) without any extras like cable or internet access, and I would have to live on Top Ramen and water alone -- and though it's more than some have, I don't think I would call this standard of living "adequate.

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The author concludes that people remain poor because they do not have an equal share in "social output" -- the benefits of a society. He also notes how most governmental efforts to eliminate or reduce poverty have focused on economic growth, but since poor people receive less of the social output of this growth -- that is, because "trickle-down economics" doesn't work -- such "attempts" (which have really amounted to a hands-off "invisible hand" hope) have been largely ineffective. In fact, it seems to me that this trickle-down theory might actually lead to increased poverty; because poor people are left without the social and economic advantages of a society in higher proportions, those that can take advantage of them will move further ahead, widening the gap between poor and not poor. This will have an effect on measures of poverty levels, which in turn will adversely affect the poor, which will widen the gap.... I don't believe that the author's economic plan to address poverty will ever happen; the rich are too concerned with getting richer,….....

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"Clark's The Economics Of Poverty", 07 December 2008, Accessed.5 June. 2026,
https://www.aceyourpaper.com/essays/clark-economics-poverty-26065
   

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