Nowadays, homelessness is a burning issue that started to be seen more oftenly in many metropolitan areas. I believe that the likely cause of this problem might be the driven inflation. According to address the problem the government should implement a policy.
The main reason that number of people that are homeless has increased may be caused by the rise in prices. As the cost of living has become expensive, people find it tedious to pay their expenditures. In contrast, workers’ income generally remain constant. However, the proportion of income and expenditure shrinks. For instance, in Istanbul, fixed-wage workers have challenges covering their monthly rents and utility bills. As their debts increase, employees start to feel overwhelmed, which reduce their productivity in tasks. With the less efficiency, employees find firing more profitable. This makes it evident that inflation leads to people becoming unemployed.
A way to combat homelessness might be governments’ intervention. Authorities should act with economists to observe the economy. With their contribution, the ongoing inflation might be settled. In fact, they should act wisely to not trigger hyperinflation. Taking this into account, the government should form a policy. To exemplify, authorities can use fiscal policy according to the current situation of the economy. This policy will enable unemployment to adjust and cool down the market. In addition, unemployment benefits could be payed by the government. This assist would provide homeless citizens an opportunity to enhance their life quality.
To conclude, homelessness is a global problem seen in urban areas. This concern may be caused by inflated prices. Therefore, to assist homeless people, the government ought to make legislations