What roles does the poor play in the Economy?

[Framelover]

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.

[Oshosondy]

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. It means there is huge unemployment in the country. It means that what the country is producing and their man power is low.

Share your ideas on the importance of the poor masses in economy sustainability.

Poverty is not good and it has no importance to the economy. It can only make the rich people in such country to be more influential and be more respected by the poor people. But speaking of an economy, poverty is the opposite of a good economy.

[Ojima-ojo]

So what category of impact are you talking about and what class of individuals do you classify as poor?


You may need to give more insight as to what you mean by that term usage and if I can get any understanding from your question, poor means those living below average, and if that is what you meant, I will say that class of people does not contribute to the economy directly since there don't belong to the workforce and only a few percentages of this people work with the government and the rest may engage in minimal job or business just to sustain themselves.


So you see the poor have nothing to contribute to the GDP of the economy since they don't belong to the national workforce.

[Nwada001]

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.

[mu_enrico]

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.

[mindrust]

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…

[Chilwell]

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

[Unbunplease]

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.

[Lucius]

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.

[Ultegra134]

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.

[Zlantann]

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.

[SyndicateLabs]

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.

[khiholangkang]

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).

[Litzki1990]

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.

[tabas]

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.

[bayudndy]

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.

[Rruchi man]

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.

[Wakate]

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.

[Captain Corporate]

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.

[usekevin]

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.