Christine Saulnier, PhD
Nova Scotia Director, CCPA
June 20, 2013
SHARING IDEAS/TAKING ACTION: TOWARDS A POVERTY
REDUCTION ...
it makes no more sense to ask
"what are the costs and benefits
of preventing poverty?" than to
ask "what are the costs and...
Moral
Imperative
Barriers
Total cost of
poverty:
$2.4
billion/yr
Equivalent
to 7% of
Nova
Scotia’s
GDP
=$2,600
per
person
Direct cost
to
government:...
Moral, and
Economic
Imperatives to
reduce and
eliminate
poverty
Barriers
Too complex
No benefit to
broader society
Too exp...
Calculating the Economic Costs
• considering costs that could potentially be
eliminated, and
• benefits that could
potenti...
Components of the Costs of
Poverty
48%
12%
40%
Health Care
Crime
Productivity Loss
From the Spirit Level
http://www.equalitytrust.org.uk/resources/spirit-level-why-equality-better-everyone
Moral, Economic
and Social
Imperative to
reduce and
eliminate
poverty
Barriers
Public Investment Yields Strongest
Impact
Toby Sanger, CUPE; Sources: Informetrica Ltd, Centre for Spatial Economics, Fina...
We all have a share interested
In transforming our society,
which includes eliminating poverty
Thank you.
www.policyaltern...
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Ccpans pres cost of pov

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Presentation made at the Mini-conference on Poverty hosted by the Community Society to End Poverty-NS June 20, 2013

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Ccpans pres cost of pov

  1. 1. Christine Saulnier, PhD Nova Scotia Director, CCPA June 20, 2013 SHARING IDEAS/TAKING ACTION: TOWARDS A POVERTY REDUCTION STRATEGY FOR NOVA SCOTIA: A MINI- CONFERENCE/WORKSHOP by the COMMUNITY SOCIETY TO END POVERTY IN NOVA SCOTIA The Costs of Poverty: the Case for Social Investment
  2. 2. it makes no more sense to ask "what are the costs and benefits of preventing poverty?" than to ask "what are the costs and benefits of prohibiting torture?” Lars Osberg, Economist, Dalhousie University The Costs and Benefits of Anti-Poverty Policy (1990) The Moral Imperative
  3. 3. Moral Imperative Barriers
  4. 4. Total cost of poverty: $2.4 billion/yr Equivalent to 7% of Nova Scotia’s GDP =$2,600 per person Direct cost to government: $600 million dollars per year = 6.7% of the 2010/11 NS government budget Cost of Poverty in Nova Scotia
  5. 5. Moral, and Economic Imperatives to reduce and eliminate poverty Barriers Too complex No benefit to broader society Too expensive Right Thing Shared economic burden High quantifiable costs to government
  6. 6. Calculating the Economic Costs • considering costs that could potentially be eliminated, and • benefits that could potentially be realized • if the 20% of Nova Scotians with the lowest income were to have the same income as the second lowest 20%
  7. 7. Components of the Costs of Poverty 48% 12% 40% Health Care Crime Productivity Loss
  8. 8. From the Spirit Level http://www.equalitytrust.org.uk/resources/spirit-level-why-equality-better-everyone
  9. 9. Moral, Economic and Social Imperative to reduce and eliminate poverty Barriers
  10. 10. Public Investment Yields Strongest Impact Toby Sanger, CUPE; Sources: Informetrica Ltd, Centre for Spatial Economics, Finance Canada Budget 2009 (p. 240)
  11. 11. We all have a share interested In transforming our society, which includes eliminating poverty Thank you. www.policyalternatives.ca www.twitter.com/ccpans www.facebook.com/ccpans
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