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Showing posts with label wages. Show all posts
Showing posts with label wages. Show all posts

Tuesday, October 7, 2014

Top 10 Solutions to Cut Poverty and Grow the Middle Class - by Rebecca Vallas and Melissa Boteach

Reproduced here for fair use and discussion purposes. My comments in bold.
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Here we have another economically clueless article purporting to solve poverty. Read on:
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This post first appeared at TalkPoverty.

Last month, the US Census Bureau released its annual figures on income, poverty and health insurance. It revealed that four years into the economic recovery, economic insecurity remains widespread, and low — and middle — income workers have seen no significant wage growth over the past decade. (This is why I used the word "clueless." If we are really in a recovery, how is it that the poor and middle class haven't recovered? Definitionally, in order to have a recovery, people need to be recovering, don't they?)

With the poverty rate at an unacceptable 14.5 percent and economic inequality stuck at historically high levels, one might assume that chronic economic insecurity and an off-kilter economy are the “new normal” — that nothing can be done to fix it. (More evidence there is no recovery.)

But there is nothing “normal” or inevitable about more than 45 million Americans living in poverty. It is the direct result of policy choices. With different policy choices, we will see a more equitable economy — it’s as simple as that. (So here is the identified problem, wrong policy choices. In other words, improving the economy, and therefore, the plight of the poor, is centered on what policies government implements. Government action is the only consideration.)

Here are 10 steps Congress can take to cut poverty, boost economic security and expand the middle class. (Ok, so government action is required. You might asssume that these 10 government actions required will be new ideas, things that have not yet been tried. You would be wrong.)

1) Create jobs.

The best pathway out of poverty is a well-paying job. To get back to prerecession employment levels, we (The ubiquitous "we,: which is never "you and I." "We" is government.) 

must create 5.6 million new jobs. To kick-start job growth now, the federal government (See? "We" is government.) 

should invest (Which means, "spend taxpayer money on.") 

in our infrastructure by rebuilding our bridges, railways, roads, ports, schools and libraries, neighborhood parks and abandoned housing; expanding broadband; develop renewable energy sources; and make other commonsense investments that create jobs and boost our national economy. (This is exactly what the stimuli were supposed to fund, remember? Shovel-ready jobs? crumbling infrastructure? This recommendation is exactly what all those billions of dollars were spent on, and yet the number one recommendation is to simply do it again. Maybe this brand new approach will work this time, hmmm?)