ClydeR
06-06-2014, 09:25 PM
The surest way to fight poverty is to achieve stronger economic growth. That, anyway, is a view embedded in the thinking of a lot of politicians and economists.
More... (http://www.nytimes.com/2014/06/05/upshot/growth-has-been-good-for-decades-so-why-hasnt-poverty-declined.html)
But over the last generation in the United States, that simply hasn’t happened. Growth has been pretty good, up 147 percent per capita. But rather than decline further, the poverty rate has bounced around in the 12 to 15 percent range — higher than it was even in the early 1970s. The mystery of why — and how to change that — is one of the most fundamental challenges in the nation’s fight against poverty.
This is an important article that the smart people are talking about. The answer is that people just need to be more patient.
Liberals are trying to tie this report to that scurrilous Thomas Piketty book. A second Belle Époque? No.
More... (http://www.nytimes.com/2014/06/05/upshot/growth-has-been-good-for-decades-so-why-hasnt-poverty-declined.html)
But over the last generation in the United States, that simply hasn’t happened. Growth has been pretty good, up 147 percent per capita. But rather than decline further, the poverty rate has bounced around in the 12 to 15 percent range — higher than it was even in the early 1970s. The mystery of why — and how to change that — is one of the most fundamental challenges in the nation’s fight against poverty.
This is an important article that the smart people are talking about. The answer is that people just need to be more patient.
Liberals are trying to tie this report to that scurrilous Thomas Piketty book. A second Belle Époque? No.