![]() ![]() And, since these unskilled workers cannot work in the high-end, formal economy, they crowd into the unskilled sector causing their wages to stagnate. When there are too many unskilled workers, they are unable to find employment in upgraded industries. Having a large supply of educated workers ensures that enough talent exists to meet and drive demand for the high-skill jobs that exist in high-income countries, thereby sustaining growth (Diacan and Maha, 2015). Conversely, in countries that have failed to exit middle-income status, the share is much lower-36% on average. The share of workers in the entire labor force (individuals between 18 and 65 years old) with a high school degree in countries that graduated to high income was 72% when they were still middle income (OECD, 2016). Will China be one of those countries that gets stuck in what is called the “middle-income trap”? One key factor that may account for why some countries “graduate” from middle income to high income while others “get stuck” is education. But a large group of countries has remained middle income for decades, seemingly unable to reach high-income status. Others, like Myanmar and North Korea, remain poor. Some countries that were high income in 1960 are still high income today, such as Denmark and Japan. Examples include South Korea, Singapore, Israel, and Ireland. In a way, it encouraged us.According to World Bank data, only a handful of economies have risen from middle to high income since 1960. We had over 450 donors and most of the 450 donors are new! That is awe-inspiring. The best solicitation results come from face to face. Unless you know the person you’re soliciting, you can’t rely on email or even a phone call. Learn how to use social media to get the word out.Next time we want to use social media to help us to carry it even further than the fifty donors each of us reached out to.Spend more time on marketing. All of us on the team agree that we needed to do more preparation to market it well before the campaign began.What tips would you offer to other fundraisers? When each person did their sacrificial fast and had beans or rice for dinner they would post things such as, “this is a terrible food for thinking,” “this food doesn’t give me any energy.” This helped people remember how food affects everything while still keeping the focus on the children by including a thought-provoking question such as, “How does poor nutrition impact those children who are trying to concentrate in school?” All of our languages revolved around food. It was especially friendly to those who aren’t as web-savvy – complete with PowerPoint slides to show them how to do everything. Our toolkit walked everyone through what they needed to do. Devise a tool kit for our fundraisers.They had to do this in order to demonstrate their commitment. ![]() Everyone had to follow a very stringent diet of a poor family for a week – to live off less than $2 a day. We knew we wanted our inner circle, the people who are closest and feel the strongest and most passionate about our cause. We recruited the entire board to fundraise. We basically had three to four ideas that we knew we were going to use. Can you tell me about your fundraising approach? It gave us a running start to be able to raise the first $5000 without monthly fees, and that’s terrific for a startup. Yours (CauseVox’s fundraising platform) jumped out of the crowd! Your pricing strategy really was fabulous for those of us who are small 501c3s without huge endowments. We also wanted to have a seamless donation site-one that looked as if the donations were going to Children of Vietnam-and not to the host platform. We were looking for a platform that had the functionality and capacity for fundraising teams, which is how we already approach fundraising. In many cases, this requires not only securing a building for the school, but hiring the teacher, and buying the desks. These are essential to fighting poverty.Ī few examples of how we plan to use the money is to begin more early education – such as Kindergarten! We’ve had great success with building Kindergartens in Vietnam, but we want to do more. We wanted to increase funding for specific programs such as education, good nutrition, and safe shelter. Well, Children of Vietnam is dedicated to working towards alleviating child poverty in Vietnam. To her great surprise over half of their 450 donors were new to Children of Vietnam! Let’s hear more about her story now. Dabney Schmitt, a board member of Children of Vietnam, was thrilled to raise over $56,000 to benefit homeless and poor children in Vietnam. ![]()
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