Sunday, November 20, 2016

What is the most effective anti-poverty program?

Two graphs from Max Roser that convey why removing barriers to labor mobility is, by orders of magnitude, the most effective anti-poverty program.

The first graph compares the total net present value of all benefits from multi-faceted graduation programs and annual increase in wages of low-skilled labor migration to the US.
The second compares the relative gains from removal of barriers to trade, capital, and labor respectively. 
The case rests!

No comments: