You can’t shrink the economy bigger
This blog is a longer version of the essay that appears in: Lee, C.R. and A. Briggs. 2019. The Cost of Poverty in Ontario: 10 Years Later. Feed Ontario: Toronto, Ontario. It includes thoughts on intergenerational poverty not directly related to the determination of the cost of poverty. The determination of the cost of poverty comprises the study of the consequences of maintaining a portion of any population in a state of poverty. By making this determination, we focus less on the individual, community or societal advantages of reducing or eliminating poverty. Instead, we fixate on the economic costs of maintaining people in poverty. This is a different starting point from the usual 'balance sheet' approach that sees the economic costs associated with poverty reduction as restricted to the costs…
