Poor Man Survival
Self Reliance tools
for independent minded people…
ISSN 2161-5543
A Digest of Urban Survival Resources
US STUDY: Income Inequality Persists
After 50 Years of Government Meddling
The truth is, for most
people, the situation is getting much, much worse…but everyone in the
District of Corruption is too busy with its various witch hunts trying to
distract the public or attempting to bury Trump or the NRA instead of focusing
on constructive elements…just the usual “Wag the Dog” or band-aid cures and BS
politics of America.
Trump has made an honest effort
to bring jobs back to America and the numbers prove it…if he can get Congress
off their fat asses and focused on the infrastructure vs. DACA and other
sidetracking issues, we may even get MORE jobs and much needed work done to our
nation which in many parts now resembles a third world country after years of
neglect by both parties.
Of course, this is just my usual
politically incorrect opinion…
From Bloomberg:
U.S. wage growth remains slow and uneven, with African-Americans and
women still at a clear disadvantage while the wealthiest are accumulating more
money than ever, a new analysis of census data shows.
Median real wages grew only 0.2% over the past year, according to a
report released Thursday by the Economic Policy Institute, a progressive
think-tank. Wages for African-Americans declined in most wage brackets, while
women with graduate degrees made less money than men with only college degrees.
By contrast, those in the 95th wage percentile saw an average pay hike
of 1.5% over the past year.
Years after the
official end of the Great Recession, EPI argues wage growth remains too weak to
consider the economy at full employment—or to warrant further interest rate
hikes as Federal Reserve Chair Jerome Powell signaled are likely this year.
“You do see
college wages rising faster than high school wages, but that differential is
not nearly large enough to explain rising wage inequality in the economy
today,” Gould said. And when it comes to education, she said it’s far from
enough to cure inequality.
“You can’t
educate yourself out of gender or racial wage gaps,” she said.
ALBUQUERQUE,
N.M. (AP) — Barriers to equality pose threats to democracy in the U.S. as the
country remains segregated along racial lines
and child poverty worsens, according to study made public Tuesday that examines
the nation 50 years after the release of the landmark 1968 Kerner Report.
The new report blames U.S. policymakers and elected
officials, saying they’re not doing enough to heed the warning on deepening
poverty and inequality that was highlighted by the Kerner Commission five
decades ago and it lists areas where the country has seen “a lack of or
reversal of progress.”
“Racial and ethnic inequality is growing worse.
We’re resegregating our housing and schools again,” former Democratic U.S. Sen.
Fred Harris of Oklahoma, a co-editor of the new report and the last surviving
member of the original Kerner Commission created by President Lyndon Johnson in
1967. “There are far more people who are poor now than was true 50 years ago.
Inequality of income is worse.”
The new study titled “Healing Our Divided Society:
Investing in America Fifty Years After the Kerner Report” says the percentage
of people living in deep poverty — less than half of the federal poverty level
— has increased since 1975. About 46 percent of people living in poverty in
2016 were classified as living in deep poverty — 16 percentage points higher
than in 1975.
And although there has been progress for Hispanic
homeownership since the Kerner Commission issued its report, the homeownership
gap has widened for African-Americans, the new study found. Three decades after
the Fair Housing Act of 1968 passed, black homeownership rose by almost 6
percentage points. But those gains were wiped out from 2000 to 2015 when black
homeownership fell 6 percentage points, the report said.
The report blames the black homeownership declines on the
disproportionate effect that the subprime mortgage lending crisis had on
African-American families.
In addition, gains to end school segregation were
reversed because of a lack of court oversight and housing discrimination, the
new report said. The court oversight allowed school districts to move away from
desegregation plans and housing discrimination forced black and Latino families
to move into largely minority neighborhoods.
In 1988, for example, about 44 percent of black
students went to majority-white schools nationally. Only 20 percent of black
students do so today, the report said.
The result of these gaps means that people of color
and those struggling with poverty are confined to poor areas with inadequate
housing, underfunded schools and law enforcement that views
residents with suspicion, the report said.
Editors Note: I disagree with much of the findings of this
report. As I have previously written,
welfare breeds welfare and our government encourages people to remain on the
government dole rather than work. When
you continually pay someone to reproduce children, they will do so, when you pay
someone to come across our borders and have “anchor babies” in order to collect
food stamps, free medical care, free ADC, subsidized housing, subsidized
utilities, free schooling and more, why should they work toward citizenship?
We
should be teaching people how to fish, not giving them free fish for a
lifetime…in our country those on welfare live better than many or our wounded
veterans. Illegals are often treated
than our veterans as well and taxpayers are not happy.
The Middle Class Survival
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3 comments:
All I know is that it has become harder and harder to afford to live in America as I get older-everything costs more thanks to a never ending supply of government rules and regs which cost the little guy more and more.
Sure like your free Middle Class Survival kit-just found it online by accident!
Like the proverbial frog-we're all in hot water and most don't even know it.
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