MARNO BOTHA

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Learning Activity 3

27 May 2021, 15:35 Publicly Viewable

What are the benefits of poverty for the individual and the community?

It is without a doubt that poverty is associated with negativity, however, there are some benefits poverty brings to the forth in both the individual as well as the community.

Symbolic Interactionist would agree that a person who is born in poverty, might see the living conditions and be motivated to get out of their current state and become successful, after all, most success stories begin with "Growing up we didn't have any money ...".

Poverty can also be seen to benefit society, as there is a gap in the market. Statics such as racial and gender disparities, can in turn cause a gap in the market. For instance, the insurance company First For Woman realized that women get paid less and therefore offer women more benefits at better prices, which also causes a chain reaction as more companies like First For Women can open up and form job opportunities.

People in poverty often have to take jobs out of their comfort zone which causes the individual to develop skills they did not think they had.

Lastly, people in poverty often get help from the government and the community - if they meet the criteria - to get free medical services. This also opens up opportunities for people to open up Non-profiting organizations.