Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance > U.S. Federal Policy

Reply
 
LinkBack Thread Tools Display Modes
Old June 14th, 2011, 06:40 PM   #1
Senior Member
 
Join Date: Oct 2009
Location: Cliffside Park, NJ
Posts: 294


Excerpted from NY Times, “How to Cut Child Poverty in Half”, by Nancy Folbre, June 13, 2011.

http://economix.blogs.nytimes.com/2011/06/13/how-to-cut-child-poverty-in-half .



“child poverty rate has trended upward in the United States since 2000, and children have proved economically vulnerable to increased unemployment. ………………………….. Most other rich countries rate higher on indicators of child well-being than either Britain or the United States. But we have more in common with Britain than most other countries, and rightfully pay closer attention to it. ………………………



……...………….. The ordinary policies in Britain that led to what many Americans would consider extraordinary results were these: an increase in the national minimum wage (currently about $9.70 an hour, compared with our $7.25), tax incentives to encourage single parents to move into paid employment, increased public benefits for parents, provision of universal preschool and regulations making it easier for parents of young children to request flexible work schedules”.



Supposn is offline  
Old June 14th, 2011, 11:40 PM   #2
Nomad
 
fxashun's Avatar
 
Join Date: Mar 2007
Location: Ga
Posts: 23,113
The biggest contributor in the U.S. to child poverty is single parent households. Not certain if that is similar in Britain. But I doubt many of those proposals would fly here. For example we already see the fight against a higher minimum wage. Which is understandable since higher wages would eventually equate to higher overall prices for goods and services. We already have tax benefits such as EIC and child care exemptions. And regulating how a company can schedule a worker would face a tough road in our society.
fxashun is offline  
Old June 14th, 2011, 11:52 PM   #3
Bye, Ya better behave.
 
Join Date: Jul 2010
Location: Not in MD
Posts: 13,845
So what will happen fxashun if we dropped the minimum wage down to $1 dollar? Will everything get cheaper?
Fayt is offline  
Old June 15th, 2011, 09:12 AM   #4
Your Own Moderator
 
pensacola_niceman's Avatar
 
Join Date: Mar 2007
Location: Overland Park, Kansas
Posts: 26,116
Perhaps we should stop allowing poor people to breed for awhile.
pensacola_niceman is offline  
Old June 15th, 2011, 09:14 AM   #5
Your Own Moderator
 
pensacola_niceman's Avatar
 
Join Date: Mar 2007
Location: Overland Park, Kansas
Posts: 26,116
Quote:
Originally Posted by Fayt View Post
So what will happen fxashun if we dropped the minimum wage down to $1 dollar? Will everything get cheaper?




I'm getting old. I actually remember when it was $1.00 an hour.
pensacola_niceman is offline  
Old June 15th, 2011, 10:24 AM   #6
Senior Member
 
Join Date: Oct 2009
Location: Cliffside Park, NJ
Posts: 294
Pensacola Nice wrote "I'm getting old. I actually remember when it, (the minimum wage) was $1.00 an hour".



He's a child.







I received 75 cent/Hr. federal minimum wage when I was in high school. I remember three cent first class postage, penny post cards, nickels bought local payphone calls, NY City rides on buses (with bus transfers), subways, the Staten Island ferry, candy bars, and Cokes required an additional 2 cents for the bottle deposits. Kosher Deli. meat was 75 cents a pound.







There was free admission to the NY museums and if my packages were heavy or I wanted to stash my rain coat because the sun came out, I knew where there were public lockers all over Manhattan. I think I remember when they only cost a dime. Public locker prices rose to a quarter and then I believe they went to a two quarters in some very expensive locations such as NY airports. After the world trade center attack there are no longer public lockers in NY City.







Respectfully, Supposn
Supposn is offline  
Old June 15th, 2011, 11:22 AM   #7
Retired
 
highway80west's Avatar
 
Join Date: Mar 2007
Location: San Diego, CA
Posts: 16,835
Quote:
Originally Posted by Supposn View Post
Pensacola Nice wrote "I'm getting old. I actually remember when it, (the minimum wage) was $1.00 an hour".



He's a child.







I received 75 cent/Hr. federal minimum wage when I was in high school. I remember three cent first class postage, penny post cards, nickels bought local payphone calls, NY City rides on buses (with bus transfers), subways, the Staten Island ferry, candy bars, and Cokes required an additional 2 cents for the bottle deposits. Kosher Deli. meat was 75 cents a pound.







There was free admission to the NY museums and if my packages were heavy or I wanted to stash my rain coat because the sun came out, I knew where there were public lockers all over Manhattan. I think I remember when they only cost a dime. Public locker prices rose to a quarter and then I believe they went to a two quarters in some very expensive locations such as NY airports. After the world trade center attack there are no longer public lockers in NY City.







Respectfully, Supposn


In San Diego, my first job was at $1.50 per hour in a college cafeteria, Stamps were like a dime. Bus fare was was a quarter. It cost $16.00 to visit Disneyland. Back then only tickets were sold for certain rides. A to E.
highway80west is offline  
Old July 12th, 2011, 09:32 AM   #8
Site Founder
 
RidinHighSpeeds's Avatar
 
Join Date: Jan 2005
Location: Massachusetts
Posts: 6,708
My first job was at McDonalds (age 14) earning $4.75/hr - minimum wage.
RidinHighSpeeds is offline  
Old July 12th, 2011, 12:20 PM   #9
Banned
 
garysher's Avatar
 
Join Date: Feb 2007
Location: Los Angeles
Posts: 34,678
Quote:
Originally Posted by pensacola_niceman View Post
Quote:
Originally Posted by Fayt' timestamp='1308124365' post='338348

So what will happen fxashun if we dropped the minimum wage down to $1 dollar? Will everything get cheaper?




I'm getting old. I actually remember when it was $1.00 an hour.


Back in those days you could take your girlfriend out to the cinema, buy her fish & chips, fill the car with petrol, buy a box of fags and still have change from fifty cents
garysher is offline  
Old July 12th, 2011, 12:47 PM   #10
Senior Member
 
Join Date: Oct 2009
Location: Cliffside Park, NJ
Posts: 294
Quote:
Originally Posted by Fayt View Post
So what will happen fxashun if we dropped the minimum wage down to $1 dollar? Will everything get cheaper?


Washed Up Economists, prices and wages will decrease.



Purchasing power of both the minimum and median wages will decline but the minimum will proportionally decline further. D
ue to minimum rates’ proportional effects upon wages inverse relationship to wages’ amounts, the working poor will suffer the greatest financial detriments.



There will be many more jobs with wages’ purchasing power less than that of our current minimum wages. There will also be increased need for public assistance and greater detriment of both federal and state budgets.








Respectfully, Supposn
Supposn is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance > U.S. Federal Policy

Tags
child, cut, half, poverty

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Obama refuses to help half brother living in Africa in poverty. Politicskid Politicians 17 August 10th, 2012 08:39 AM
Poverty & Dependence tadpole256 Economics 0 February 18th, 2012 08:06 PM
Nearly 1 In 6 Americans In Poverty garysher Economics 136 November 11th, 2011 02:50 PM
world poverty limey42 Political Talk 62 July 29th, 2005 09:53 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.