SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?


To: E who wrote (3970)1/30/2001 12:48:26 PM
From: TimF  Read Replies (1) | Respond to of 82486
 
Do you believe that there is a certain amount of poverty built in structurally?

I believe there will always be poverty because poverty is usually measered in terms of relative wealth not absolute wealth. The poor in the US are rich compared to the average person in Uganda or in the US of the 1800s, but they are still considered poor. If 100 years from now they are twice as rich (which is hard to measure with inflation and different goods and serivces available), but the average person is ten times as rich, are the poorest still poor? What if they are as wealthy as the upper middle class is now, but the average person's wealth increases even more?

Tim



To: E who wrote (3970)1/30/2001 5:22:01 PM
From: Dayuhan  Read Replies (1) | Respond to of 82486
 
Do you believe that there is a certain amount of poverty built in structurally?

I do, and I believe there is an obligation to provide a basic safety net for the poor and as many opportunities as possible to their children, to avoid cyclic poverty. I do not believe that we should guarantee high-paying jobs for the unqualified, or that we should restrict the import of goods from low-wage countries in order to keep basic manufacturing jobs here. Our competitive advantage is in technology, and educated workforce, and the efficiency those bring; we need to exploit it. We should not try to prevent other countries from exploiting a low-wage labor force if that is the only competitive advantage they have.