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Topic: What roles does the poor play in the Economy? - page 10. (Read 1592 times)

full member
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In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.

No matter what data of the economy you calculate, you cannot find the real value of that data without including the poor. Even a poor person shopping at a market in a village or a slum has a role in the economy. There are thousands of markets in a country like the market in that village or slum. There are millions of people shopping in these thousands of markets. If we put these people in the poor category, it means that millions of poor people shop every day. So even with this simple example I can say that poor people have a big share in the economy.

The main problem is that, although they have a large share in the economy, they never have a say in the economy.
legendary
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Individuals who belong to the category of the "poor" are most of the time employees and workers for capitalists. Also, there are cades whetein they are the beneficiaries of the government. If it is being a worker for bigger indiviuals, then for sure they are contributing to economic growth in terms of man power and production of goods. There are also tendencies wherein the poor are making their way in the pyramid which is the better side of this instance, further contribute with economic growth. They won't be in such position if they have the capability to start on their own, therefore poor ones are making use of their circumstances in order to be a better individual.
legendary
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What roles does the poor play in the Economy? Answer – They run errand for the rich 😆.

On a serious note, the ecosystem isn't complete without the poor just the same way it isn't without the rich. Every society MUST have these two to be whole. The poor have always existed from time immemorial. They may be poor but there's something I've noticed with that class of people and that's their ability to spend more on food items than the rich. They say the poor pay more for stuff and that's true. Just look at this quick instance, a rich man buys whatever he needs in bulk and at discount but a poor man buys in bits and that expectedly tends to make it costlier than picking it up at once. Food stuff are typical examples of this.
hero member
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The work force is can be contributed by the poor to the economy.Because to survive,they can work hard to earn.So the capitalist people can use them to increase the economy activities.When the production was increased by the poor people,the capitalist will pay them more taxes to the government.By the government increase taxes,they can use the money for the new scheme to help the poor people.So finally poor get benefit by their work.
hero member
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We always need poor people to work in the jobs that we do not like to work on, and that causes a bit of a trouble for everyone but also helps them as well. If everyone was rich, who would do the jobs that pay less and doesn't get much respect when it should. Remember pandemic? All those minimum wage workers helped us stay alive, and yet when we are talking about them overall we are seeing them not do that great unfortunately financially. This is why I believe that poverty is out of question, but we should definitely have some people who would work in those jobs, if we don't have anyone doing them, then its going to be a big trouble overall, the infrastructure wouldn't work at all and everything would collapse, its all held by them at the foundation.
hero member
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In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.
This is crazy and I don't expect you to ask this kind of question. Is the people that are people meant to be more in the country or does being poor has a significant use in an economy? The level of poverty is not suppose to be significant that is why a country that has high rate of employees would also have a favorable economy to his citizens which will increase the number of foreign expertiates that will becoming to the country to create more businesses and bring more money to the economy. Many of the Muslim countries have a favorable economy that is why investors and business owners always go there to do business.
legendary
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True, when people don't have high-paying skills, they can still do simple jobs (but with low salaries). Without people who take that kind of job, the economy would slow down or maybe the society would even crumble. If no one cleans streets, toilets, etc., it would be a disaster. Also, most people are poor at some point in their life, and they can escape poverty by continuously learning and working hard. In other words, it serves as competition and competition is good for the economy.
If everyone is rich, there will be a big imbalance, nobody would want to be the employed, but the employer. You will find no one available for meagre jobs and those that provide meagre services will be unavailable creating a deficit in society. People who are financially poor play the role of keeping the economy balanced because there will be an imbalance if everyone is rich. So there will always be people who are considered poor even if the criteria to classify someone as poor changes.
full member
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In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.
I want to ask again, do you really understand what poverty is?
I know there are many things about this issue such as material, spiritual, health, knowledge, ....
If it includes and economic story, then I really don't know enough to explain that relationship, but I think you are referring to the material value more.
Let's assume the more specific case of people who do not work and are struggling with life, of course we do not see them adding any value to life, but that does not mean that they are not loved and respected. Instead, we need to try to create more opportunities than criticize each other on the issue of quality of life. It doesn't matter if everyone loves and shares to have a balanced life.
hero member
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In what ways have the people living in poverty impacted in the economy?
Take it like this, what happens if most of the people in a country are rich? No one wants to be a workforce, everyone wants to stay at top and that will result into lack of workforce and that's the demand will increase for having a lot of jobs that no taker has. We're just discussing this for the sake of discussion and we don't intend to look down on them because I admit that I am not rich.

Share your ideas on the importance of the poor masses in economy sustainability.
So going to the discussion, they're the workforce that gives labor to different industries. Without labor, how can an economy move? Most of these wealthy people wouldn't move as well but they can take that and it won't matter to them because they're wealthy, they can buy all their needs even if the economy of their country is shattering. Coming from taxes to consumerism, labor/workforce, etc.
sr. member
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To maintain the economic system of a country, people of all classes are needed. If there were no poor people in the society then the social system would not run like this. We generally mean poor people who are landless and daily wage earners. Now what you need to know is how they play a role in economic development. Suppose you need 10 10 workers in case there are no workers in your country then how will you fill the shortage of those 10 workers. Due to lack of workers, your work will surely stop due to which you may face financial problems. Again suppose you need some van drivers to take some of your goods from one place to another. If those van drivers were not there, how would you move your goods. That is, every professional person plays a role behind the economic development of the country from their respective positions. A country will be prosperous only when there are people of all professions in that country.
hero member
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There is always a symbiosis at some point, and there are always benefits for the poor. If in the economy the poor can also be utilized as a market.
In this category, poor people also earn a little or a lot of income and they also certainly have needs for their lives, so you can sell your products to them as the lower class at the economic level.
In my opinion, one of the benefits of the poor in the economic field can still be used as a market for your low-quality products, can be used as labor for hard work (road construction, building construction and others, we can still take).
full member
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No one wants to be poor, at least we all want to be off the hook. I don't think this topic is too negative when it comes to what the poor can do, because we are all equal by nature and I don't make too much of a distinction between rich and poor. It is possible to talk about the responsibility of each of us in each position we are working, specifically as ordinary workers, they will also accept satisfaction and gratitude for the work they have, as well as the responsibility of the leaders must find a way to make things fair and in the interests of development.
legendary
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In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.

The poor are people that lack skills and education. Lack of skill leads to low wage which breeds poverty. The poor are the main laborers of the country. They work for the rich and receive wages from the rich. They end up giving back the money they earned to the rich through taxes and bills. Without the poor, there will be no cheap labor to work in industries and other sectors. The poor contribute immensely to the economy of the country through taxes and bills. Some bad governments treat the poor as slaves. When they want more money they increase taxes and the cost of essential services. A clear illustration is what happens in the ant kingdom where the poor are the worker, the soldiers are the middle class and the queen are the rich. The workers and soldiers live to serve the Queen.
hero member
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True, when people don't have high-paying skills, they can still do simple jobs (but with low salaries). Without people who take that kind of job, the economy would slow down or maybe the society would even crumble. If no one cleans streets, toilets, etc., it would be a disaster. Also, most people are poor at some point in their life, and they can escape poverty by continuously learning and working hard. In other words, it serves as competition and competition is good for the economy.
All people are useful in a community, we also saw what happened in France, Paris if I remember correctly, when cleaning workers went on strike. The whole city fell apart and was full of rubbish. Everyone plays an essential role in a community, not all people are to be doctors, lawyers and generally have an academic career. We also need handymen, such as plumbers, electricians, cleaning workers and so on for the community to function properly.
Poor people don't have any contributions to the GDP of the economy this is quite okay, but saying it because they don't belong to the national workforce, I disagree with this statement because individuals don't need to belong to the national workforce before you can contribute to the growth of the economy, for instance in my country only a few percent like 30% are working for the government, now how can this percentage improve the economy, this will be done in the addition to the foreign investors
I disagree, people barely making a living contribute to the country's economy, as I mentioned earlier, they are a vital gear in the community, without them, cities wouldn't be able to function properly. On top of that they contribute a great deal in the economy, because a large number of them are unable to save money and spend every bit they earn, while wealthier people tend to save and invest instead of spending them.
legendary
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I think that the poor play a big role in some economies, because if you are poor, it is very likely that you are also uneducated, and in that case you are subject to very easy "management" by those higher up in the hierarchy. If you take the example of China, which has a very cheap labor force (comparing it to the US or the EU), then it is very clear that without the cheap labor force, that country would not be competitive in the world compared to what it represents today.

Let's further take the example of many African countries that are very rich in resources and at the same time most of the people are poor or living on the edge of poverty - while at the same time their politicians do their best to keep the people where they are because that way they can easily manage the country and use resources for their luxurious life.

Unfortunately, poverty is something that many people turn their heads away from, for the reason that they simply do not care, or it is in their interest that the poor remain exactly as they are.
legendary
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True, when people don't have high-paying skills, they can still do simple jobs (but with low salaries). Without people who take that kind of job, the economy would slow down or maybe the society would even crumble. If no one cleans streets, toilets, etc., it would be a disaster. Also, most people are poor at some point in their life, and they can escape poverty by continuously learning and working hard. In other words, it serves as competition and competition is good for the economy.

When a person is poor, he has few opportunities to succeed, so he has nothing to lose. The more poor there are, the worse the state control machine works. And what is happening now is that artificial intelligence is taking away jobs (no matter what anyone says), reducing opportunities to get out of poverty as jobs become fewer and fewer. And cleaning toilets, etc. - many toilets are already automated.
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If people in a country are poor, it means the country is not in good hands of the government, it means the country's economy is poor.
 
Poverty is not a good thing, sometimes in this aspect, your can not blame the governments in times of poor people in his country, the population of the citizen is also the keep factor to consider, governments can't provide all their citizens with white-collar job because when the population of a country is bigger than the resources and 50% of the population are eager to work for the government. Let us stop deceiving ourselves almost 95% of countries cannot provide for their citizens even 50% of their needs . For the development or improving the economy of the country even the ordinary individual need to participate in the development of the country not all the government. Poor people have zero percent in the improvement of the economy of a nation.


So you see the poor have nothing to contribute to the GDP of the economy since they don't belong to the national workforce.
Poor people don't have any contributions to the GDP of the economy this is quite okay, but saying it because they don't belong to the national workforce, I disagree with this statement because individuals don't need to belong to the national workforce before you can contribute to the growth of the economy, for instance in my country only a few percent like 30% are working for the government, now how can this percentage improve the economy, this will be done in the addition to the foreign investors


legendary
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Poor people are great at making the rich even richer. That’s the purpose of their existence. They work in low paying jobs and they buy the shit they don’t need because they know they will never get rich saving money so they spend every penny they get. In most cases they don’t even have enough money left to spend after paying the rent and bills…
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But another major thing that I believe the poor usually offer to society is cheap labor. That's to say, since they don't have money, they will likely do work that requires a higher pay and take a low pay as payment since they are, at some point, just after any payment that can just foot their bills for that day.
True, when people don't have high-paying skills, they can still do simple jobs (but with low salaries). Without people who take that kind of job, the economy would slow down or maybe the society would even crumble. If no one cleans streets, toilets, etc., it would be a disaster. Also, most people are poor at some point in their life, and they can escape poverty by continuously learning and working hard. In other words, it serves as competition and competition is good for the economy.
hero member
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In what ways have the people living in poverty impacted in the economy?
Share your ideas on the importance of the poor masses in economy sustainability.

In as much as the poor people, at some point, can't afford the ends they need That does not change the fact that everyone has a role to play in the growth of an economy, but the rich and the poor have their parts to play.
No matter how poor one seems to be, there are still some things that the person can afford, so the buying of goods contributes to some extent to the country's economy.

But another major thing that I believe the poor usually offer to society is cheap labor. That's to say, since they don't have money, they will likely do work that requires a higher pay and take a low pay as payment since they are, at some point, just after any payment that can just foot their bills for that day.

So providing cheap labor is one of their other contributions to a country's economy since payment, which could have been used to pay 1 laborer, could now possibly be shared among 3 for different jobs. Companies reduced expenses.
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