Trickle up - why it is the Holy Grail
"Trickle up in it’s most magical form can be found in the the Charity by the same name. The concept is to provide grants (not loans) of about $150-$200 to the poorest of the poor in mainly rural areas. With the grant comes the infrastructure to help the beneficiaries (mainly women) manage their business’s. The success rates are staggering. This type of approach, alongside the the idea of investing in the most basic of infrastructure needs—such as teaching people how to build toilets, is having a remarkable, but hardly surprising impact. Having a sanitary environment in places like India can reduce diseases by up to 80%, plus providing a skill set that can be beneficial to the community. Such trickle up efforts are likely to make a huge dent in reducing extreme poverty around the globe. Trickle up not only potentially making the life of a billion or so people more tolerable, but also creating substantially more consumers for business."
Please read: http://stupidpartymathvmyth.com/1/post/2015/05/increasing-minimum-wage-good-but-not-the-holy-grail.html?utm_content=buffer53ce0&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
