Quote of the day

“I find economics increasingly satisfactory, and I think I am rather good at it.”– John Maynard Keynes

Sunday 9 July 2023

Is this one way to overcome poverty?

 It could be used in a conclusion to show knowledge of alternatives to state intervention:



Lord Mendelsohn, chairman of 888, said productive work gives people a means of fulfilling their potential
Lord Mendelsohn, chairman of 888, said productive work gives people a means of fulfilling their potential
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A string of entrepreneurs and politicians have joined forces to launch a new charity that will use the power of business to tackle poverty and unemployment.

The Jobs Foundation brings together business leaders to form a council able to train and support people in deprived communities.

The group, which officially launches this weekend, hopes to have 1,000 business leaders signed up by 2024.

Georgiana Bristol, chief executive, said the charity would show business is a force for good. “There are lots of charities running brilliant schemes to help tackle poverty and to support people into employment. But the biggest and most effective engine to tackle poverty is the business community.” The group hopes to alleviate poverty by providing training that will lead to sustainable, well-paid employment.

Backers include Lord Mendelsohn, chairman of 888, who said: “Productive, meaningful and enjoyable work gives people a means of fulfilling their potential and contributes to their well-being.”

The charity will also be studying companies that have helped people from disadvantaged backgrounds and designing regional strategies to combat poverty.

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