Well once people get to have a little disposable income and surplus time to kill all sorts of profitable avenues open up. You can't have much of an economy if nobody can afford to spend time to figure it out.
Not really, if for no other reason that poverty creates its own specific kind of problems which tend to come at a cost for a wider society. (I.e. the cost of extreme poverty in Africa is millions of immigrants for some regions and an active slave trade in the world...)
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