According to office for National Statistics, annual population growth in the UK today stands at 0.6%. increased life expectancy and increased net migration to the UK are the two main contributing factors. As the UK population continuing to increase it place further pressure on the housing and environment. Also, UK population growth is due to a relatively high birth rate which contribute to housing shortages and burgeoning prices. Furthermore, housing crisis is affected by the policies such as right -to -buy and properties left dormant as assets that worsen by the population growth.
The Impact of Affordable Housing on Communties. Introduction One of the issues that could face people is the rising of the house prices and the corrupted housing system. Also, what a person accustomed to pay to fulfill his/her house needs not as before, but increased, that is why people start seeking to find a proper home they can afford. Consequently, the question that comes to mind is does affordable house affect communities? Beyond any doubt, the affordable and stable housing can affect positively the community, and this can be recognized by seeing the changes in lives and communities.
Not having the monetary goods or support to be able to live decently in today 's society, can be difficult for one to manage. Living in the 21st century, there are prices for everything. This could be referenced as a business just so society can run effectively for the human life cycle. People who are experiencing poverty, are often looked down upon in a negative way. For example, the people living homeless asking primarily for financial assistance from the public.
It is proven in many different studies that those holding a degree earn more than those without one. The economic advantages that come after college in the job market are obvious when comparing the rate of income of those with and without a degree. College graduates earn more across all major occupation sectors. Documented by labor economists is the existence of "diploma" or "sheep-skin" effects, which basically state that each year there is an increase associated with earnings for degree holders. The year one completes their degree guarantees increased earnings than the previous year.
Poverty makes it difficult for people to supply their children with the basic necessities of food, clothing and shelter; much less school expenses or transportation costs to get to a school or job, while racial or ethnic profiling makes it difficult to qualify for a job or get accepted into schools in the first place. The Roma people are an ethnic group who are spread around the world with the most concentrated populations in Europe. They originally came from India, and then travelled to the Middle East, and ended up in Europe around the fourteenth century, with some of the largest populations settling in Romania (Romani-Gypsies pg. 1). Before coming to Europe, the Roma people were Hindu, and some Roma populations continue to maintain their initial religion, while others were influenced into becoming Christian or Muslim depending on where they settled.
It is the simple economic fact, when the demand increases more than the supply, then there will be rise in price. In this issue, the demand for the housing has been increasing at the faster than the supply. On the other hand, the population of the UK is growing at a faster rate, it is estimated that the population of the UK will be 71 million by 2033. The rate of the number of households is growing faster than the population. Demographic changes such as, the increase in divorce rates resulted in many single people living alone, which in turn increased the number of households
In the job market, the increase in minimum wage will cause a shortage, making it less profitable for companies to employ many workers. This will result in higher unemployment. In response to such criticisms, the government has come up with a concept called the “voluntary living wage,” which is an “attempt to encourage firms to pay higher wages” (Economics Help). A living wage is an “hourly wage rate considered the minimum level to provide the essentials of modern living” (Pettinger, 2012). To put it into simpler words, a living wage is an adjusted type of wage that takes into account the average price level of the country.
Ipoh is one of the cities in Malaysia that has fallen prey to escalating price costs. Housing and any other building is calculated per square meter. One of the main causes is that the prices of homes have also been increasing (appreciating ) by five percent to twenty percent per year. Another reason is the fact that there is a demand from the people in Ipoh for homes. This is one of the main reasons one could assume that the cost of construction has also risen.
• As economies thrive in societies with a vibrant middle class, declining levels of poverty contribute to a healthy economy by increasing the number of people who can purchase goods and services; that increase, in turn, stimulates economic growth and raises average standards of living. It is widely known that much of the strong economic growth in the United States in the twentieth century was fueled by the expansion of consumer markets. As the demand for new products soared, so did technological innovation, productivity, wages and benefits (Bluestone and Harrison,
Determining the cause of poverty is the first step in finding a solution. It has been noticed that the absence of relevant data when conducting such surveys is one of the main causes of the failure of government schemes to help the poor. The current statistics as assessed by the National Sample Survey Office states that twenty-two percent of India’s population lives in poverty. Of those who reside in urban areas, fourteen percent are under the poverty line. Similarly, twenty-six percent of those who hail from rural areas are poor.