In: Economics
The official poverty line has been the subject of much debate over the last few decades. On Google or another search engine, look up and read the work of Molly Orshansky. Her work focused on finding a measure of poverty that reflected a bundle of goods that people in different circumstances must be able to purchase. Describe the debate and the resulting system for setting the poverty thresholds. Should they be updated? If so, what would you recommend?