According to an economic law primarily attributed to David Ricardo, wages are kept at the bare minimum necessary for workers to have children, ensuring this condition persists.
The journalist Barbara Ehrenreich explored this condition in America in Nickel and Dimed. Mohammed Yunus (YOU-nuss) won the 2006 Nobel Prize in Economics for his work in preventing this condition. Thomas Malthus proposed that this condition exists in part because population grows faster than the food supply. According to an economic law primarily attributed to David Ricardo, wages are kept at the bare minimum necessary for workers to have children, ensuring this condition persists. In the United States, it is defined for households as less income than three times a minimum food budget. For 10 points, name this economic condition defined by a lack of money.
The journalist Barbara Ehrenreich explored this condition in America in Nickel and Dimed.
: poverty [or word forms; or obvious equivalents like being poor; prompt on descriptive answers such as not having enough money; prompt on inequality]