Sample Solution
Need or Problem
Poverty is a global problem that affects billions of people. It is defined as a condition in which a person or group lacks the financial resources to meet their basic needs for food, shelter, clothing, healthcare, and education.
Data
According to the World Bank, 736 million people live in extreme poverty, defined as living on less than $1.90 a day. The majority of these people live in sub-Saharan Africa and South Asia.
Context
Poverty is a complex problem with many causes, including:
- Low wages
- Lack of education
Full Answer Section
- Discrimination
- Lack of affordable housing
- Natural disasters
Strategies
There are a number of strategies that can be used to address poverty, including:
- Raising the minimum wage
- Investing in education
- Enforcing anti-discrimination laws
- Building affordable housing
- Providing disaster relief
Evidence Base
There is a strong evidence base for the effectiveness of these strategies. For example, a study by the Center for Economic and Policy Research found that raising the minimum wage to $15 per hour would lift 1.3 million people out of poverty.
Factors
The use of these strategies will be influenced by a number of factors, including:
- Political will
- Public support
- Economic conditions
Expected Outcomes
The expected outcomes of these strategies include:
- Reduced poverty
- Improved health and education
- Increased economic productivity
- Reduced crime
Impact
The resulting impact of these strategies would be a more just and equitable society where everyone has the opportunity to thrive.
References
- World Bank. (2023). Poverty and Shared Prosperity 2022: Reversing the Tide of Inequality. Washington, DC: World Bank.
Center for Economic and Policy Research. (2021). Raising the Minimum Wage to $15 per Hour Would Lift 1.3 Million People Out of Poverty. Washington, DC: Center for Economic and Policy Research.