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Digi_Kraken
Sep 4, 2011
More than 45 million people, or 14.5 percent of all Americans, lived below the poverty line last year, the Census Bureau reported on Tuesday.

quote:

One cause of this grim trend could be that U.S. policy makers have increasingly ignored the needs of the very poor. In the latest recovery, the Republican-controlled Congress has slashed billions from the government food-stamp program and ended extended unemployment benefits that were helping more than a million long-term unemployed people.

Stanford!

quote:


Was President Reagan right? Are safety net programs to blame for the stagnation in the official poverty rate since the early 1970s? The short answer: No. A careful analysis reveals that the lack of progress results from two opposing forces — an economy that has increasingly left more of the poor behind and a safety net that has successfully kept more of them afloat.

The primary reason that poverty remains high is that the benefits of economic growth are no longer shared by almost all workers, as they were in the quarter century after the end of World War II. In recent decades, it has been difficult for many workers, especially those with no more than a high school degree (see Figure 3), to earn enough to keep their families out of poverty.

Stagnant earnings for the typical worker and higher unemployment represent a failure of the economy, not a failure of antipoverty policies.



As the feedback loop of technological advances in artificial intelligence, robotics, computers, and manufacturing become greater at a faster rate (which is already happening before our eyes) the proletariat are the class that suffers. A system that favors the bottom line and devours the blood of the underclass cannot expect to carry us forward once the every drying job market runs to dust.

The rich are not your friends. They do not like you. You cannot trust them.

Stay safe.

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BONE DOG
Jun 7, 2009

by Fluffdaddy

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