Working Poor

| 1 Comment | 1 TrackBack

Some people hace noted that the latest government report on income and poverty was recently released. It showed a slight uptick in poverty rates. However, I wanted to point out my favorite statistics from the report. This being rates for various levels of employment. If one were to listen to certain politicians, it would appear that there are a significant amount of working poor in this country. That is, there a lot of people working fulltime below the poverty level. Unfortunately for the pols, the stats don't bear this out.

Work Experience % in Poverty
All workers (16 years and older) . . 6.1
Worked full-time, year-round. . . . 2.8
Not full-time, year-round . . . . . . 12.8
Did not work at least one week . . . 21.7

So, for those working fulltime year round, the poverty rate is 2.8% while those who didn't work at all it is 21.7%. Of course, this doesn't include children as this is for individuals only above a certain age, but it strikes me that poverty is largely a jobs problem.

One additional note, for those who are socially conservative among our readers, here are the numbers for families:

Type of Family
Married couple . . . . . . . . . . . . . . . . 5.5
Female householder, no husband
present. . . . . . . . . . . . . . . . . . . . . 28.4
Male householder, no wife
present. . . . . . . . . . . . . . . . . . . . .13.5

Maybe it really just takes a complete family and not a village.

1 TrackBack

Here is a link dump of some economics posts I've been meaning to link to. The Broken Window Fallacy - Fallacy. Analysis of the working poor. Uhaul Pricing and Free Drink Nights.... Read More

1 Comment

This is what I call "Million Dollar Baby" syndrome. The protagonist has the health, strength, perserverance and courage to become a champion boxer, but can't figure out how to get a job better than "waitress"?

That is simply not how this country or this economy works. People are not doomed to be "poor trash."

Pages

Powered by Movable Type 5.02

About this Entry

This page contains a single entry by Bob published on September 11, 2005 2:09 PM.

Q&A About Price Gouging was the previous entry in this blog.

Odd is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.