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How to destroy a good poverty line
Wednesday, February 15th, 2012
Feb. 14, 2012
The MBM [market basket measure]… is intuitive and easily understood because it is based on the actual cost of basic goods and services… a simple and uncomplicated way to describe poverty, and they were so much simpler to understand than the Statistics Canada low-income cut-offs (or LICOs) traditionally used by most poverty analysts… Regrettably, we are forced to recommend – once again – that the MBMs not be used until they are fixed.
Tags: budget, housing, ideology, poverty, standard of living
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