Learn more about videos with this collection
Leonardo da Vinci's creative process
How to approach problem-solving like da Vinci
The importance of curiosity and observation
Imagine you're out of work and a government benefit program helps you with your basic needs, such as rent, utilities and food.
When you finally get a job, you feel things are turning around, except that you are now disqualified from the benefit program and don't earn enough to cover the same costs. Moreover, you have to pay for transportation to work and childcare. Now you have even less than when you were unemployed. Economists call this the welfare trap.
19
217 reads
MORE IDEAS ON THIS
Mainstream economic models assume people are rational. If those in poverty know they won't gain any advantage from working, they're incentivised to continue with government assistance.
When fewer people take on new jobs, the economy slows down, keeping people in poverty.
18
165 reads
Countries have tried various ways to circumvent the problem.
18
149 reads
Some poverty traps are connected to a person's circumstances, such as lack of access to healthy food or education. Others affect entire nations, such as cycles of a corrupt government.
The irony of welfare traps is that they are the result of policies designed to fight poverty
17
178 reads
CURATED FROM
Governmental welfare programs inadvertently reinforce generational poverty. Here’s how they attempt to fix it.
“
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates