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The first thing we should acknowledge is that poverty is hugely expensive. It varies from country to country, but most of the time it's around 3, 4 or 5% of GDP. If you look at what it would cost just to top up the income of all the poor people in a country, it would cost about 1% of GDP.
The first thing we should acknowledge is that poverty is hugely expensive. It varies from country to country, but most of the time it's around 3, 4 or 5% of GDP. If you look at what it would cost just to top up the income of all the poor people in a country, it would cost about 1% of GDP.
Rutger Bregman
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