According to wikipedia, A poverty trap is "any self-reinforcing mechanism which causes poverty to persist." If it persists from generation to generation, the trap begins to reinforce itself if steps are not taken to break the cycle. Think of a poor person that can't afford even to buy in bulk from the supermarket, and is therefore forced to buy things on an as-needed basis from the cornershop, more expensively. Perhaps an ATM that does not charge for withdrawals is far enough that they would need to take a bus to get to it. In terms of time, think of all the things you pay for to avoid wasting your time on. A poor person does not have that option.
The Software Development Poverty Trap
The Software Development Poverty Trap
The Software Development Poverty Trap
According to wikipedia, A poverty trap is "any self-reinforcing mechanism which causes poverty to persist." If it persists from generation to generation, the trap begins to reinforce itself if steps are not taken to break the cycle. Think of a poor person that can't afford even to buy in bulk from the supermarket, and is therefore forced to buy things on an as-needed basis from the cornershop, more expensively. Perhaps an ATM that does not charge for withdrawals is far enough that they would need to take a bus to get to it. In terms of time, think of all the things you pay for to avoid wasting your time on. A poor person does not have that option.