Economics of the Ghetto

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In today's society, a growing problem is the notion of what is to be done in regards to the poor and the reality of the unbearable poverty in which they live. The popular reasoning behind why the poor are so disadvantaged these days supposedly has to do with the fact that they lack adequate working skills.

The Economics of the Ghetto provides a unique outlook on poverty. Specifically, the nbook explores the intricacies of financial burdens and vividly depicts the debilitating effects that stem from not being able to comfortably live, eat, and work within the status quo. Bell highlights painstaking reality that, in the lives of the poor, funds are almost always low in value and scarce in availability. Given the aforementioned duo and the catastrophic capabilities that their existence presents, it is safe to say life can be quite hard for the poor man in America. The idea of being in possession versus being deprived has long been a reality for which society has spent both enormous amounts of time, energy, and money trying to equate. Wealth is well documented in this country, however possessions, whether they be material or just valuable assets, are really what defines wealth. Contrarily, the deprivation of monetary funds which in turn prevents a person from being able to acquire the necessities needed to survive be it food, housing, or employment is how we constructively define poverty. Although the topic of poverty is saddening, it is a prevalent reality and one that is always in need of modern-day clarification. Poverty is real, relevant, and is best put into prospective by looking through the lenses of inadequate housing, nutrition-less food, and minimum-wage employment as a means of survival for some of America’s most unfortunate citizens.

The reality that it was more cost-efficient for a person of color to not go to college but instead enter the work force prematurely is indeed is quite disturbing. As it relates to today’s society, such dismissal of secondary education is no longer just a luxury for people of color instead it is a necessity. Let’s take affirmative action into account. defines affirmative action as, “a term referring to various government policies that aim to increase the proportion of African-Americans, women, and other minorities in jobs and educational institutions historically dominated by white men. The policies usually require employers and institutions to set goals for hiring or admitting minorities at a higher rate”(quote from American Heritage)[1]



  2. Bell, Carolyn Shaw. The Economics of the Ghetto. New York: Pegasus, 1970. Print.
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