What roles does the poor play in the Economy?

[slapper]

In what ways have the people living in poverty impacted in the economy?

The poor you mean, are the poor people who have jobs, or the poor who don't have jobs, because in my opinion there are also different levels of poor people. So if you mean the poor person who doesn't have a job. If you look at it as a whole in life, more or less it is certain, it will have an impact on the economy. Because even poor people who don't have a job must have needs and needs in their life, such as food and clothing that must be owned. And it's all definitely a must buy.
That way, it means that even the poor who don't have a job still have a contribution to economic turnover, although not too big.

And what about the poor, but who have jobs. The poor also certainly have an impact or contribution to the world's economic cycle. Moreover, these poor people have a job, but maybe with a salary that is not big.

So it can be concluded that poor people also have an impact on the economy, because if there are no poor people, it is sometimes difficult for rich people to find workers. And the poor are also basically the same, have needs and requirements that must be met. But the difference is only in terms of the amount of money and how often the need or needs are met.

Everyone from the unemployed who continue to spend what little money they have on items in an effort to stimulate the economy to the "working poor" whose efforts are crucial to the nation's economic success. Their presence illustrates the inequality of wealth, but also the interconnectivity of our economy. Nonetheless, the last argument deserves close scrutiny. While it is true that the wealthy often hire the unemployed, this fact in no way implies that poverty is an acceptable means to financial success. Poverty is not merely a lack of money; it is a social problem that prevents people from sharing in the benefits of growth. Where does Bitcoin fit into this picture? However, Bitcoin presents an alternative financial structure that, in theory, may make access to money more equitable for everybody. However, before it can help the poor, pressing issues like lack of internet access and digital literacy must be resolved.

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[puloweh555]

If a country has a lot of poor people, then it is definitely the government's fault, they are not only greedy but also foolish, so they do not bring any benefit to their people. But if only a small part of the people are poor, it is not entirely the government's fault, but it may be because those people are lazy. Because the government won't have enough money and resources to distribute everything for free, what they can do is create jobs for everyone, and we need to seize our opportunities. If we are lazy and only expect support packages from the government, it is our fault that we become poor.

Yes, I totally agree with your opinion. In any country, there must be poor people, even if it is a rich country. Everything depends on each person himself. Poverty will always exist in any developed country, because poverty is a problem that is not only related to work, but also mentality. Indeed, there are several countries where there is a lot of poverty due to the failure of the government to prosper its people.

I've read about geographic politics
Whereas countries or regions that have abundant natural resources are usually lazy, because they feel they don't have to work hard to get what they need. Meanwhile, countries with minimal natural resources will try hard to meet their needs, as a result they become accustomed to working hard and don't want to get into trouble because they know what problems mean.
A small example is a country with subtropics or winter will think of looking for food before winter arrives. Stock up on food for months to keep him cool through the winter. Meanwhile, tropical countries do not think to do that because natural resources and food stocks tend to be abundant, so they are used to working hard.

[mich]

Well every nation has the poor people and they are part of what makes thing function. There are poor people that do the work that the rich and middle people do not want to do.
It can be the dangerous jobs or the ones that you do not need any skill. There is rich people who want workers for them and this will be for poor people to do.
If we lived in an perfect world we would all be rich. But this just is not real life and there is going to be poor people always.

[fullhdpixel]

Do you think this jobs done by poor people as labourers is helping the economy of the country not to spend much on machines?? The government can still have the money to afford machines and decide to use labourers and the government will still steal the money into their pockets.  The only role I know the poor people plays to help the economy is that they create jobs for themselves to survive,  most of them don't really have any hope for the government to empower them, they do minimal jobs by themselves and I think this effort from them Really plays a good role in the economy.

It's not possible for all the jobs to be done by machines, that is the reason why almost every single industry requires labor work laborers, and also, the cost and maintenance of the machines can be way higher than the wage a company might need to pay to its labors from the poor side of the economy, we all know that a poor person will get ready to work for a very minimal salary because they don't have anything else to do and this becomes their only source of income.

If it wasn't for the poor, these industries and companies would never be able to earn as much profit as they do because they get all the work done by them and pay them way below the minimum wage or what they deserve, I'm not sure about all the countries but that happens in most countries.

[JasGrady]

they create labour which creates labour and wealth distribution, they play a vital role.

[Obari]

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.

Irrespective  of your social status, either poor or rich, we still have our different roles to play and I don't know your standards for defining someone as poor but i think just as @Nwada001 has already said, that one of the major impact the poor can bring  to a society is the fact that they can actually provid cheaper about as co.lared to using machines for same jobs especially  if the job isn't a large scale one.

The poor also provide a whole lot of services the rich can't even provide and I even think the poor based on what many might classify as poor, are the people that even make life much more easier for the common man from agriculture to transportation down to even shelter building.
Generally,  I don't think the world can do without the poor

[STT]

Cost of Labor is usually represented by the available working age population of a country.  The fighting force, the developing talent the next generation of support in the economy.  Ironically the common poor are the core of a country and most important.  If people are not educated or well fed and able to work its a poor country overall unable to produce properly and unlikely to be effective overall even if there's commodity wealth its not likely stable if the people are not part of the success in a nations economy.

[Bushdark]

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 think the poor plays important role in the economy because without the manpower coming from them the businesses in different countries will not move or will not operate. They can contribute positively in our economy because as consumers they can  impact on the purchases of goods and services which is much needed by the businesses to be able to survive the economy. The demands create by this people from basic necessities like food and clothing and the likes would definitely run our economy. That is why the poor play an important role in the economy.

The poor plays a very important role in the economy of a country although it does not make sense when there is high numbers of poor masses in a country. A country that has large numbers of poor people will suffer crime and corruption if time is nit taken. The poor people are those ones that will want to do Petty jobs to make a living like doing the work that rich can not do and since they have the money to pay for the services of the less stable financial people, then they will be forced to work for themselves and make a living to feed themselves and families.

[Mahanton]

If a country has a lot of poor people, then it is definitely the government's fault, they are not only greedy but also foolish, so they do not bring any benefit to their people. But if only a small part of the people are poor, it is not entirely the government's fault, but it may be because those people are lazy. Because the government won't have enough money and resources to distribute everything for free, what they can do is create jobs for everyone, and we need to seize our opportunities. If we are lazy and only expect support packages from the government, it is our fault that we become poor.

Yes, I totally agree with your opinion. In any country, there must be poor people, even if it is a rich country. Everything depends on each person himself. Poverty will always exist in any developed country, because poverty is a problem that is not only related to work, but also mentality. Indeed, there are several countries where there is a lot of poverty due to the failure of the government to prosper its people.

I've read about geographic politics
Whereas countries or regions that have abundant natural resources are usually lazy, because they feel they don't have to work hard to get what they need. Meanwhile, countries with minimal natural resources will try hard to meet their needs, as a result they become accustomed to working hard and don't want to get into trouble because they know what problems mean.
A small example is a country with subtropics or winter will think of looking for food before winter arrives. Stock up on food for months to keep him cool through the winter. Meanwhile, tropical countries do not think to do that because natural resources and food stocks tend to be abundant, so they are used to working hard.

There's no such thing as one sided on this world but rather there would really be something like called "balance".If there's rich then theres poor people and this is something that would be inevitable.Poverty is something a
global problem which cant really be solved out completely despite on being a rich country, there would be those people who would really be living on being poor which is something that would really be that normal.
Poor people on the economy and their role? If everyone is rich then no one will work into those businesses around because everyone would really be making their business since they are rich. Then who would really be the
employees or the ones who would really be working if everyone does have the money? There would be no cycle and there would be no balance and we know that there's no such thing about perfect world.
This is why lets just accept the fact that there are people who are rich and there are poor and there are those who are in average.It is really just depending on how we gonna handle ourselves
on making our lives better and not having that financial problem afterwards.

[xSkylarx]

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 think the poor plays important role in the economy because without the manpower coming from them the businesses in different countries will not move or will not operate. They can contribute positively in our economy because as consumers they can  impact on the purchases of goods and services which is much needed by the businesses to be able to survive the economy. The demands create by this people from basic necessities like food and clothing and the likes would definitely run our economy. That is why the poor play an important role in the economy.

The poor plays a very important role in the economy of a country although it does not make sense when there is high numbers of poor masses in a country. A country that has large numbers of poor people will suffer crime and corruption if time is nit taken. The poor people are those ones that will want to do Petty jobs to make a living like doing the work that rich can not do and since they have the money to pay for the services of the less stable financial people, then they will be forced to work for themselves and make a living to feed themselves and families.

It should have balance because if not, the crime rate will increase, like in other poor countries where the crime rate is really high, but again, the poor sector is not only manpower but also consumers, meaning they are the ones purchasing goods and other stuff for their daily needs, which means that's keeping the economy in cycle. Though I don't really want that, just stay in the sector if you can improve yourself and be in a better position.

[uswa56]

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 think the poor plays important role in the economy because without the manpower coming from them the businesses in different countries will not move or will not operate. They can contribute positively in our economy because as consumers they can  impact on the purchases of goods and services which is much needed by the businesses to be able to survive the economy. The demands create by this people from basic necessities like food and clothing and the likes would definitely run our economy. That is why the poor play an important role in the economy.

The poor plays a very important role in the economy of a country although it does not make sense when there is high numbers of poor masses in a country. A country that has large numbers of poor people will suffer crime and corruption if time is nit taken. The poor people are those ones that will want to do Petty jobs to make a living like doing the work that rich can not do and since they have the money to pay for the services of the less stable financial people, then they will be forced to work for themselves and make a living to feed themselves and families.

As a worker, it really influences the economy, but I don't think it's the poor, there are many categories of poor people and I think it's difficult because they continue to want to eradicate poverty in a country so that it makes many parties think about many things, including advancing the economy to eradicate poverty in the country.

[Stable090]

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.

This issue of equality can not happen this issue of segregation started during the stone age was only the chiefs and there slaves and all does status were giving according to there possession and through to the industrial era and now down to the modern world, no more slave but considering the fact that everybody can not be rich because the truth is that the rich will always need the poor to work for them and I don't think this world or anyone there will have bunch of rich people all fingers can not be equal, the only thing I see has a problem is when you don't improve then you keep woking for people.

[Negotiation]

The role of the poor in economic development is many development of various kinds in the country usually comes more from the poor class. They increase productivity and create employment in the society, values emphasize the acquisition and accumulation of human capital, which is the main instrument of economic development and consume more and they engage in various developmental activities to get a little more quality goods or services. The work of the rich is done by the poor if they stop working the rich will become helpless and the country's economy will be hampered. Poor people do all kinds of work, development of industry construction of infrastructure everything is done by poor people.

[alastantiger]

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.

You are able get your vegetables and food because of the poor who are working under extreme conditions to cultivating and harvesting the farm yields. I know it has been said that the rich are the thinkers and strategist but the poor are the doers. Without them the economy would crumble. How do you think the UAE and other Middle Eastern countries became what it is today? The poor built that country and by extension their economy with their life. I don't even want to bring up the building of the world cup stadiums etc. The economy of many nations would crumble without the poor doing the dirty jobs.

[adiksau0414]

In what ways have the people living in poverty impacted in the economy?

People living in poverty can significantly impact the economy in various ways. Their limited purchasing power reduces consumer spending, affecting businesses and economic growth. Lower tax contributions from impoverished individuals reduce government revenue, potentially hindering public services and infrastructure development. Social welfare programs aimed at assisting the poor can strain government budgets. Poverty's toll on workforce productivity due to limited access to education and healthcare can hinder overall economic progress. Moreover, higher crime rates associated with poverty lead to increased law enforcement and justice system expenses. Addressing poverty through targeted policies can help alleviate these effects and foster a more inclusive and robust economy.

[Jody.Drummer]

The role of the poor in economic development is many development of various kinds in the country usually comes more from the poor class. They increase productivity and create employment in the society, values emphasize the acquisition and accumulation of human capital, which is the main instrument of economic development and consume more and they engage in various developmental activities to get a little more quality goods or services. The work of the rich is done by the poor if they stop working the rich will become helpless and the country's economy will be hampered. Poor people do all kinds of work, development of industry construction of infrastructure everything is done by poor people.

Well they helped a lot there, especially in terms of development as you mentioned above. Rich people have sufficient capital to carry out various developments for their business needs and poor people will have a role as someone who will help carry out their plans. The point is that everyone, rich or poor, will always need other people, meaning they will not be able to live without the help of others. They will need each other in every way and as a result they will mutually benefit from each other. So the core conclusion is, if the higher the level of poverty in a region or country, the lower the level of economic growth in that country or region, and vice versa if poverty in a country is low, the economic growth in that country will also be better.

[zaim7413]

Poor people play an important role in the economic growth of people who need labor around their lives, the presence of poor people in the midst of society has created a situation of mutualism symbiosis. The rich and the poor always have a close relationship that is difficult to separate, if in one area inhabited by the poor then life will be destroyed. If on the other hand, in one area there are all rich people then life will be completely difficult.

The poor have labor, while the rich have resources, the relationship of mutual need cannot be separated from everyday life between the poor and the rich. Poor people are like salt in food, without salt food will be bland. Likewise with the poor, without the poor life will be completely difficult because no one helps the rich who are very busy taking care of their business.

[prosmmservice]

I think poor contribute only to rich. They can get things done with low payment but sells then in other country with high price. Like clothes and shoes are made in poor country but look at their prices. Those country do all they can to keep people on poverty to use them.

[Lorence.xD]

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.

You are able get your vegetables and food because of the poor who are working under extreme conditions to cultivating and harvesting the farm yields. I know it has been said that the rich are the thinkers and strategist but the poor are the doers. Without them the economy would crumble. How do you think the UAE and other Middle Eastern countries became what it is today? The poor built that country and by extension their economy with their life. I don't even want to bring up the building of the world cup stadiums etc. The economy of many nations would crumble without the poor doing the dirty jobs.

Yes indeed, without the laborers that work for them they are also nothing as they are the mind but not the doer. I don't even consider them as poor which classify by the society because we all have the same role which is to contribute and get paid for it. I only differ them with the education since mostly from the poor doesn't have proper education that's why some of the rich people could take advantage from it for example if the poor work for them, they could split the profit to 70% to the rich while the 30% for the poor since they are not aware from that situation. Because mind itself wouldn't even do the work, you'll need people to help you finish some project so those people who doesn't have educational attainment would apply for that role since it doesn't need any requirements as degrees.

[Minecache]

Poor people play an important role in the economic growth of people who need labor around their lives, the presence of poor people in the midst of society has created a situation of mutualism symbiosis. The rich and the poor always have a close relationship that is difficult to separate, if in one area inhabited by the poor then life will be destroyed. If on the other hand, in one area there are all rich people then life will be completely difficult.

The poor have labor, while the rich have resources, the relationship of mutual need cannot be separated from everyday life between the poor and the rich. Poor people are like salt in food, without salt food will be bland. Likewise with the poor, without the poor life will be completely difficult because no one helps the rich who are very busy taking care of their business.

Agreed, the rich and the poor are closely related and both play important roles in the economy. To me, their role is the same, no one has a more important role than anyone to help the economy develop. The poor have labor power, but their education level is not high, they cannot think of ideas, plans, methods...While rich people have those things, but they can't turn ideas into reality on their own. So both need to work together to survive and help the economy grow. The world cannot be without the poor, nor without the rich, this inequality will always exist if we want the world not to be destroyed.