Monday, September 23, 2019

How Time Deficits and Hidden Poverty Undermine the Sustainable Development

A town is only big as the wages it has. So what holds back growth? The wages and the result of being low as the low makes it bad for others. Well it's not fair for a business to be surprised by the poverty and having to lower their prices to match the poverty wages of the town or close their doors only because many people do without. Well where is all of their stuff they buy? If the people in your town made a living wage but chose to buy nothing making nothing in your town then that is a sign of depression they need medication! No it's a lack of money! 

What can be done? Recognize the problem, work at bringing the people up. What is the deficiency and so fix it! Something has to be done!

~~~~~How Time Deficits and Hidden Poverty Undermine the Sustainable Development Goals.

The predominant framework for measuring poverty rests on an implicit assumption that everyone has enough time available to devote to household production or enough resources to compensate for deficits in household production by purchasing market substitutes. Senior Scholar Ajit Zacharias argues that this implicit bias in our official poverty statistics threatens to undermine the Sustainable Development Goals (SDGs).

The SDGs include the following targets: (1) reduce the incidence of poverty by 50 percent by 2030, and (2) recognize and provide support to the unpaid provision of domestic services and care of persons undertaken predominantly by women in their households. This policy note suggests that a closer link exists between poverty reduction and support for household production activities than is commonly acknowledged. Failure to recognize the link in policy design can contribute to failure on both fronts. To obtain a more accurate assessment of poverty, time deficits in household production must be taken into account.
http://www.levyinstitute.org/publications/how-time-deficits-and-hidden-poverty-undermine-the-sustainable-development-goals