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What is the Orshansky Poverty Threshold, what is it used for, and how is it calculated? Some economists argue that the Orshansky Threshold is out
What is the Orshansky Poverty Threshold, what is it used for, and how is it calculated? Some economists argue that the Orshansky Threshold is out of date. From the course material, name one reason why this might be the case. If so, name one reason why we haven't switched to a more updated measure. Finally, imagine you are our current President, and knowing the United States' current economy, discuss two steps you would take to fight poverty in the United States (for example, would you raise the minimum wage? Lower it? Invest in education? Make "welfare" programs like SNAP easier to qualify for? Harder?). And explain why you made this choice
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