"The most important anti-poverty effort is growing the economy and making sure there are enough jobs out there, Obama said Friday"
If the numbers are true that means 1 in 7 people will be poor last year. What should Obama do about the poverty rate? We are continuously hit with poor jobs data. What should we do other than improve the economy?
'Child poverty increased from 19 percent to more than 20 percent."
3 comments:
The increases in the poverty rates and poor jobs data I believe is because of the current recession. As we go into a slightly better stage of the business cycle, I feel this will automatically correct itself.
If not, it could be because people are comfortable as discouraged workers. But once again when the unemployment benefits reduce (at the time of prosperity) this data has the ability to improve.
I agree. I think since we're at the bottom of a business cycle the numbers seem and are real bad. Since the economy had a double business cycle and the low end of the cycle is twice as long as it should be it feels worse than it should. When the economy grows the numbers should also grow very quickly. The numbers are bad but living in America and being poor is much much better than living many others places in the world and being poor. I expect things to get out of this slump and be on the top of the business cycle before Obama is out of office.
With the current economic recession, poverty rates were inevitably going to increase. However, I am curious to see after the economy improves how much the poverty rate improves. Perhaps the rate won't improve as fast as the economy improves. I also thinks this brings up the debate of government intervention in the face of poverty. Will the market system also solve poverty or does the government have to step in to improve the rate?
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