Affordable housing is a necessary demand in life for people who have low income. According to (Tran, 2015) view that, affordable housing is a worthy resource which has great potentialities in the economy and it has contributed enormously to change the appearance of the city as well as countryside. The target of affordable housing gives the support to the community. For example, affordable housing can give us benefit in all aspects such as it brings profit in business, improving the standard of living and an affordable housing can reduce some of the problems which related to the environment. As a result, the government should build more affordable housing for poor people.
It also helps improve the rules for people to live in a better way, and to provide them with safety and good political practice. Organizations concerning good education for the poor should be reconsidered, in such way to aid them with the required knowledge and education to become skilled workers to earn high wages later on. The countries could also develop the macro economic growth in which they try lowering inflation to have a positive economy where the poor could also afford buying resources and increasing their standard of
Increasing minimum wage fights against poverty and gets the person out of the debt. Workers are motivated to work hard for the businesses and to give more support to the family. More disposable income will be injected. A small change in minimum wage hourly can give them a much better standard of living. To employers raise in minimum wage saves them a lot on recruiting employees and invest money on their training.
Therefore, a small change in the wages for low-skilled labour tends to have a large effect. Minimum wage system must be practiced to protect and ensure the welfare of employees or labours. Increasing minimum wage has some implications. The implementation of minimum wage system will improve employee lifestyle choices, increase incentive, decrease criminal rate in each country and boost labours productivity. Minimum wage system can be a positive motivation to each country to be an advanced
Ultimately, we all want a better life which means for most, a better house or lesser worries financial worries. We cannot achieve such comfort in life if we do not have money. We need to manage money as a valuable resource by having a clear understanding of where it is coming from and where it is going. Doing so is called money management. Money management
They wish to improve their lifestyle and the only way to do this will be to earn a higher salary. These acts as something for students to strive for or as a goal that they wish to achieve and are thus a good motivation. Their background will be a contributing factor to whether they are satisfied with a small amount of money or not. Some who live lives that are not of a high standard may not see money as a priority and be satisfied with their standard of life. They will therefore not aim highly and end up doing a profession that requires minimum work that is of an average salary.
Majority of low income families require government support such as food stamps and monthly benefits. The way out of this vicious circle is free higher education for everybody, especially for the poorer sector of society. College graduates are highly skilled and formally trained professionals, so they are less likely to end up temporary or even permanently unemployed. Affordable higher education is best way to make people self-sufficient and financially independent. By giving an access to free education we produce more professionals, which creates a more competitive job market in the country.
There are a lot of definitions to explain what is sustainable development, but the most famous definition is this one: "Development that meets the needs of the present without compromising the ability of future generations to meet their own needs." For example, a business will want to pay their workers cheaper so they have a bigger profit, but the workers, they want good and acceptable wages. Those two needs conflict with each other.And if you have to chose one of those two needs, there will be consequences. Sustainable development is also that people have to care about the Earth. “Humanity must take no more from nature than nature can replenish".
Insurance is also a advantages thing as well as increasing loans, real estate taxes for a country. According to Dogra (2011), cheap labor is also a prominent merit to a host country. Immigrants dedicate their whole time to the work despite of they get less wages as compared to their counterparts. Moreover, there is a great difference between in wages for equivalent jobs. According to Oak (2011), diverse culture has a significant impact on host country.
It is important to ensure that the benefits of growth reach to all the sections of the society. Eradication of poverty is thus an important economic objective. Human beings need a certain minimum consumption of food and non food items to survive.