[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:01.25,0:00:04.91,Default,,0000,0000,0000,,[piano music...]
Dialogue: 0,0:00:06.12,0:00:08.29,Default,,0000,0000,0000,,A lot of people think poverty is a problem
Dialogue: 0,0:00:08.29,0:00:11.46,Default,,0000,0000,0000,,for other people in other neighbourhoods.
Dialogue: 0,0:00:11.46,0:00:13.72,Default,,0000,0000,0000,,But even if you, or no one you know
Dialogue: 0,0:00:13.72,0:00:16.06,Default,,0000,0000,0000,,is ever affected by poverty,
Dialogue: 0,0:00:16.06,0:00:18.81,Default,,0000,0000,0000,,not doing anything about poverty
Dialogue: 0,0:00:18.81,0:00:20.72,Default,,0000,0000,0000,,is costing us all.
Dialogue: 0,0:00:20.72,0:00:22.50,Default,,0000,0000,0000,,It's costing money.
Dialogue: 0,0:00:22.50,0:00:26.22,Default,,0000,0000,0000,,More and more money, every single year.
Dialogue: 0,0:00:26.22,0:00:29.27,Default,,0000,0000,0000,,British Columbia has the highest poverty rate in Canada.
Dialogue: 0,0:00:29.27,0:00:33.03,Default,,0000,0000,0000,,Not addressing this comes with a price.
Dialogue: 0,0:00:33.03,0:00:34.91,Default,,0000,0000,0000,,And this is what it looks like
Dialogue: 0,0:00:34.91,0:00:36.78,Default,,0000,0000,0000,,when we do the math:
Dialogue: 0,0:00:36.78,0:00:41.42,Default,,0000,0000,0000,,For starters, it costs us one point two billion dollars per year
Dialogue: 0,0:00:41.42,0:00:45.12,Default,,0000,0000,0000,,to pay for the healthcare costs related to poverty.
Dialogue: 0,0:00:45.12,0:00:50.12,Default,,0000,0000,0000,,That's because poverty is literally bad for your physical and mental health.
Dialogue: 0,0:00:50.12,0:00:52.01,Default,,0000,0000,0000,,You're more likely to live in
Dialogue: 0,0:00:52.01,0:00:54.10,Default,,0000,0000,0000,,poor quality or unsafe housing,
Dialogue: 0,0:00:54.10,0:00:55.57,Default,,0000,0000,0000,,or none at all.
Dialogue: 0,0:00:55.57,0:00:57.77,Default,,0000,0000,0000,,You're more likely to go hungry,
Dialogue: 0,0:00:57.77,0:01:00.17,Default,,0000,0000,0000,,have a job that exposes you to hazards,
Dialogue: 0,0:01:00.17,0:01:03.58,Default,,0000,0000,0000,,or end up with preventable health conditions.
Dialogue: 0,0:01:03.58,0:01:05.36,Default,,0000,0000,0000,,We've heard a lot lately
Dialogue: 0,0:01:05.36,0:01:08.36,Default,,0000,0000,0000,,about how we need to get "tough on crime",
Dialogue: 0,0:01:08.36,0:01:11.56,Default,,0000,0000,0000,,but some crime could be prevented by reducing poverty,
Dialogue: 0,0:01:11.56,0:01:12.68,Default,,0000,0000,0000,,which is linked to
Dialogue: 0,0:01:12.68,0:01:17.79,Default,,0000,0000,0000,,crimes of desperation, low literacy rates, and living in unsafe situations.
Dialogue: 0,0:01:17.79,0:01:20.29,Default,,0000,0000,0000,,The poverty related costs of crime in BC
Dialogue: 0,0:01:20.29,0:01:25.66,Default,,0000,0000,0000,,add up to $745million per year.
Dialogue: 0,0:01:25.66,0:01:29.91,Default,,0000,0000,0000,,Then, there's the income that the poor might have earned from working,
Dialogue: 0,0:01:29.91,0:01:33.12,Default,,0000,0000,0000,,if they had access to better supports and training.
Dialogue: 0,0:01:33.12,0:01:35.68,Default,,0000,0000,0000,,Or the income that the working poor could have earned
Dialogue: 0,0:01:35.68,0:01:39.64,Default,,0000,0000,0000,,if their jobs paid better wages.
Dialogue: 0,0:01:39.64,0:01:41.80,Default,,0000,0000,0000,,This is also a loss to our economy
Dialogue: 0,0:01:41.80,0:01:45.14,Default,,0000,0000,0000,,to the collective wealth of our society.
Dialogue: 0,0:01:45.14,0:01:50.76,Default,,0000,0000,0000,,And it adds up to as much as 7 point 3 billion dollars per year.
Dialogue: 0,0:01:50.76,0:01:52.99,Default,,0000,0000,0000,,So that's what it's costing us
Dialogue: 0,0:01:52.99,0:01:54.36,Default,,0000,0000,0000,,to stick with the status quo
Dialogue: 0,0:01:54.36,0:01:58.86,Default,,0000,0000,0000,,of keeping one in nine British Columbians in poverty.
Dialogue: 0,0:01:58.86,0:02:00.98,Default,,0000,0000,0000,,All together, it works out to between
Dialogue: 0,0:02:00.98,0:02:05.30,Default,,0000,0000,0000,,8 and 9 billion dollars every year.
Dialogue: 0,0:02:06.13,0:02:07.76,Default,,0000,0000,0000,,This is a terrible deal.
Dialogue: 0,0:02:07.76,0:02:09.29,Default,,0000,0000,0000,,And the worst part of this
Dialogue: 0,0:02:09.29,0:02:10.58,Default,,0000,0000,0000,,is that it would cost us
Dialogue: 0,0:02:10.58,0:02:13.47,Default,,0000,0000,0000,,between 3 and 4 billion dollars per year
Dialogue: 0,0:02:13.47,0:02:17.37,Default,,0000,0000,0000,,to put an effective, poverty reduction plan in place.
Dialogue: 0,0:02:17.37,0:02:21.89,Default,,0000,0000,0000,,That's less than half of what poverty is costing us now.
Dialogue: 0,0:02:21.89,0:02:23.10,Default,,0000,0000,0000,,You don't have to be an economist
Dialogue: 0,0:02:23.10,0:02:27.17,Default,,0000,0000,0000,,to see that it costs more to keep people in poverty
Dialogue: 0,0:02:27.17,0:02:30.07,Default,,0000,0000,0000,,than it does to fix the problem.
Dialogue: 0,0:02:30.07,0:02:32.58,Default,,0000,0000,0000,,It's just simple math.
Dialogue: 0,0:02:33.18,0:02:34.83,Default,,0000,0000,0000,,Not for other people
Dialogue: 0,0:02:34.83,0:02:36.22,Default,,0000,0000,0000,,in other neighbourhoods,
Dialogue: 0,0:02:36.22,0:02:39.51,Default,,0000,0000,0000,,but for all of us.