Does An Increase In Minimum Wage Reduce The Incidence Of Low Income Households (poverty) ?

Determination of the Effects of Different Socio-Economic Factors on Poverty RateName of StudentStudent ID NumberSubject /ClassProfessor /InstructorDay calendar month YearAbstractPoverty has been a problem in the world since time decrepit Legislatures of nations and states across the globe put on initiated organized and proclaimed laws and programs that bring home the bacon to this matter How of all time , such efforts seem to be unsubstantial . Poverty regularizes continue to increase despite policies of locomote the problem . These failures may be due to some factors that relate the s sewertness rates . In this different socio-economic factors were canvass and psyche races of these variables with the pauperism rate where established . Furthermore , the relationship of a combination of all these factors and poverty rates was obtained . These factors are unemployment rate , social assist and increases in minimum wage . The data decomposed in the workplace came from eight provinces of Canada that approximately haul up the population of Canada . The timeline of the study is fourteen years Data shows that the socio-economic factors studied do a directly proportional relationship with poverty rate . That is , an increase in the said socio-economic factors corresponds to an increase in the poverty rate of the eight provincesIntroductionThroughout the world , authoritiess of many countries fuddle been battling the increasing poverty of their constituents . Ever since the explosion of population in the world , this problem has been in the desks of many great and lesser leaders . There have been so many solutions , policies and res publica acts that have been passed and implemented yet the growing number of the spate across the globe never seem to vanish . What government agencies and private organizations can only contribute to the fight against the ever worsening condition of poverty is to ease some of it to a small number of the population . Some developed countries have even helped other less developed nations in relieving the poverty of many people .

One may ask what have been the roots of such poverty . As has been mentioned , it can be the sharp population growth across the globe . some other factors that have caused such predicament are the decreasing amount of money of resources on the planet and the declining job opportunitiesSuch factors are the ones that are unambiguous in society . However , some other factors that can affect the increasing poverty rate are not explicitly observable . These factors are the subject of this . It is the aim of this to analyze some of the socio-economic factors that affect the poverty rate in selected provinces of Canada . These factors are the unemployment rate , social assist and minimum wage increases . It is arouse also to note that the focus of the study is on the relationship between these socio-economic factors and the poverty rate . Thus , certain methods of digest where employed to established the relationships of the said socio-economic factors with poverty rateLiterature ReviewIn the journal The b lodgeline Wage and the Poor : The End of Relationship by Burkhauser and Aldrich Finegan , their study have shown that many...If you want to get a full essay, order it on our website: Ordercustompaper.com

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