Poverty and Income Distribution
Behind the facade of an affluent nation, Egypt is actually facing high levels of unemployment and immense poverty. The majority of its younger population is struggling with unemployment and destitution, and heightening food prices in Cairo
According to an Associated Press report, nearly half of all Egyptians live under or just above the poverty line. In fact, more than 15 million Egyptians live on less than $1 a day, and the figure is steadily increasing. The Minister of Economic Development, Othman Mohamed Othman, once mentioned that the poverty rate in Egypt had rose from 19 percent of the population in 2005 to 21 percent in 2009.
Various statistical databases show that Egypt has:
· A population of 80 million, with 33 percent who are 14 years and below; and 20 percent of the population living below the poverty line.
· A labor force of 26 million, with 32 percent working in agriculture, 17 percent in industry, and 51 percent in the service sector.
· An unemployment rate of 9.7 percent.
· A literacy rate of above 71 percent, with males at 83 percent and females at 59.4 percent
Read more about this topic: Economy Of Egypt
Famous quotes containing the words poverty and, poverty, income and/or distribution:
“Crimes increase as education, opportunity, and property decrease. Whatever spreads ignorance, poverty and, discontent causes crime.... Criminals have their own responsibility, their own share of guilt, but they are merely the hand.... Whoever interferes with equal rights and equal opportunities is in some ... real degree, responsible for the crimes committed in the community.”
—Rutherford Birchard Hayes (1822–1893)
“... the hey-day of a woman’s life is on the shady side of fifty, when the vital forces heretofore expended in other ways are garnered in the brain, when their thoughts and sentiments flow out in broader channels, when philanthropy takes the place of family selfishness, and when from the depths of poverty and suffering the wail of humanity grows as pathetic to their ears as once was the cry of their own children.”
—Elizabeth Cady Stanton (1815–1902)
“You boast of spending a tenth part of your income in charity; maybe you should spend the nine tenths so, and done with it.”
—Henry David Thoreau (1817–1862)
“My topic for Army reunions ... this summer: How to prepare for war in time of peace. Not by fortifications, by navies, or by standing armies. But by policies which will add to the happiness and the comfort of all our people and which will tend to the distribution of intelligence [and] wealth equally among all. Our strength is a contented and intelligent community.”
—Rutherford Birchard Hayes (1822–1893)