It may seem obvious but the solution to poverty is work. In some situations like in third world countries with no minimum wage, it can make a lot of sense to be self employed in order to get full value from effort. Even here in Ireland, when recessions come and companies close, it is worth asking, what if the work force worked for free to keep the company going. Would that make sense?
And, on the topic of the minimum wage, is it a good idea to deliberately force the cost of labour higher? Does it make sense for a government in deficit to have a minimum wage law when it cannot even balance its own books? When one considers nothing can happen if nobody works, is it wise to want work to be pricey? And, if an economy is kept afloat thanks to the unsustainable monitory accommodation of a non Indigenous Central Bank, is it clever to use this easy money to prop up the cost of getting stuff done?
I mean, if in hindsight it was foolish to ramp up property prices with easy money in the naughties, why would it be wise to prop up labour cost with easy money now? Any obstacle to the accomplishment of work is a seriously bad idea I contend. Even working to attain self sufficiency while rejecting modern efficiencies like the internal combustion engine promotes wealth, the Amish communities in the USA can attest to this, especially during times of recession in the broader US economy.
Am I wrong?