Sunday, October 12, 2014
Julia Carle, Chapter 6, Question #7
In chapter six of Naked Economics, Wheelan writes that he believes the reason for poverty is human capital and they can't find good jobs. The underlying problem is a lack of skills he writes. Wheelan basically is saying that illiterate people will not prosper economically because of their lack of skills, and he gives statistics to back up his belief. Even though I agree with Wheelan this issue could be somewhat controversial. He even said that Sacramento, California and Atlanta, Georgia actually went out and bought one way tickets for the people below the poverty line in their city in attempts to better their economy and make crime go down. I had no idea that that happened so they'd get rid of the poor people. After reading this chapter, I've learned that there is proof that people who don't go to college or dropout of high school don't do as well, economically speaking. I've always thought that, but now I know there's proof.
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