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17% of the population on government assistance would be AWESOME! What an improvement!!! We are at just over 40% on government assistance right now.
This is a good debate. worth the time to listen. open a new window to listen while you surf the net.
Really?
Welfare Statistics | Statistic Brain
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[TD="bgcolor: #54D427"]Statistic Verification [/TD]
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[TD]Source: US Department of Health and Human Services, U.S. Department of Commerce, CATO Institute[/TD]
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[TD]Research Date: 9.10.2013[/TD]
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[TD]Welfare is the organized public or private social services for the assistance of disadvantaged groups. Aid could include general Welfare payments, health care through Medicaid, food stamps, special payments for pregnant women and young mothers, and federal and state housing benefits. The Welfare system in the United States began in the 1930s, during the Great Depression. Opponents of Welfare argue that it affects work incentives.[/TD]
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[TD="bgcolor: #54D427"]Welfare Statistics [/TD]
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[TD]Total number of Americans on welfare[/TD]
[TD]12,800,000[/TD]
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[TD]Total number of Americans on food stamps[/TD]
[TD]46,700,000[/TD]
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[TD]Total number of Americans on unemployment insurance[/TD]
[TD]5,600,000[/TD]
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[TD]Percent of the US population on welfare[/TD]
[TD]4.1 %[/TD]
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[TD]Total government spending on welfare annually (not including food stamps or unemployment)[/TD]
[TD]$131.9 billion[/TD]
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a complete waste of time, there is zero empirical data that supports his low wage rehotoric, Schiff is nothing more than the standard "political economist".
there is always a trade off with higher wages. inflation adjusted wages in the US are poverty wages, it's why government transfers are so high to those in the lower income quintiles and why they have an annual savings rate of less than .01% a year.
if you employ two people at 50% of the minimum wage each you now have two people working that can't consume, what problem does that solve in a consumption based economy that is fueled by debt? poor people do not have much access to credit.
low wagers are wrong, there is no real world data that supports their claims. youth unemployment in the US is high not because of the minimum wage but because overall demand has been decreasing.
the labor force never recovered from the slight recession in 2001 then the 2008 recession was even harder because the period preceding it was the weakest economic expansion in 40 years. there was no real wage growth in the 2000's it was all debt based consumption mainly from homeowners.
Civilian Labor Force Participation Rate (CIVPART) - FRED - St. Louis Fed
and here you see how the velocity of money has tanked since the burst of the tech sector bubble. there is less overall people in the workforce and those that remain 50% have stagnant and falling wages, that do not support excess consumption with out the use of debt.
Velocity of M2 Money Stock (M2V) - FRED - St. Louis Fed
what should the Federal minimum wage be in a dollar amount?
a complete waste of time, there is zero empirical data that supports his low wage rehotoric, Schiff is nothing more than the standard "political economist".
there is always a trade off with higher wages. inflation adjusted wages in the US are poverty wages, it's why government transfers are so high to those in the lower income quintiles and why they have an annual savings rate of less than .01% a year.
if you employ two people at 50% of the minimum wage each you now have two people working that can't consume, what problem does that solve in a consumption based economy that is fueled by debt? poor people do not have much access to credit.
low wagers are wrong, there is no real world data that supports their claims. youth unemployment in the US is high not because of the minimum wage but because overall demand has been decreasing.
the labor force never recovered from the slight recession in 2001 then the 2008 recession was even harder because the period preceding it was the weakest economic expansion in 40 years. there was no real wage growth in the 2000's it was all debt based consumption mainly from homeowners.
Civilian Labor Force Participation Rate (CIVPART) - FRED - St. Louis Fed
and here you see how the velocity of money has tanked since the burst of the tech sector bubble. there is less overall people in the workforce and those that remain 50% have stagnant and falling wages, that do not support excess consumption with out the use of debt.
Velocity of M2 Money Stock (M2V) - FRED - St. Louis Fed
how do you explain Singapore's 1.9% unemployment rate while having NO minimum wage and have they have the 3rd highest per capita income? they have a thriving economy as well.
How do come up with the rise in the cost of labor won't lead to less labor?
first you have to start with Singapore gaining it's Independence from Britain in the early 60's.
their over all economic model is the exact opposite of the US. they have a fairly progressive tax structure while the US is regressive at the state level and only slightly progressive at the federal level. the social safety net is comprised of healthcare, pensions and housing (80% of the population lives in public housing). they have universal healthcare, free education and obligated to save a certain amount of their income a years, something like 30%.
they have protected labor wages at the bottom, the opposite of the U.S and they have not off-shored manufacturing.
they have world ranked education system, not like the industrial revolution model in the U.S. they do not use standardized testing but follow a methodology that allows a child's natural potential to develop then their eduction is careered towards that. their overall curriculum is also heavy in the sciences, keeping up with global trends.
they also do not have a massive "unregulated" financial sector that is allowed to seek rents off of the working class, nor do they redistribute tax dollars to government favorites. their central bank is not part of the global federal reserve system.
they have done everything they could to not turn into the US, they designed a far more equal and sustainable economy where the majority participates with real income growth and not debt based consumption.
so you agree their no minimum wage policy along with other policies is a good thing, I'm glad you finally agree with me.
what about my other question?
They don't have to set a minimum wage policy due to the way their society and economics are structured.
Their system does not allow workers to be exploited by business/corporations in the way they are in the U.S.
Workers have a safety net in place at a level that does not require a minimum wage policy.
They have no equivalent like Wall Street, an entity that produces nothing of real value and rent seeks at the expense of society as a whole.
so you agree their no minimum wage policy along with other policies is a good thing, I'm glad you finally agree with me.
what about my other question?
in what way do they not exploit their workers? they have no minimum wage they can pay them a dollar an hour
what is the safety net ?
they don't have a stock Exchange?
put it this way the government MANDATES that everyone save 30-35% of their income a year to put in towards their pensions along with employer contributions.
the government provides housing for 80% of the population but people are encouraged to purchase their own homes.
free healthcare
free education
progressive taxes
no real economy crushing, self-serving speculative financial sector to support and drive up the costs of commodities "just to make a profit" for themselves.
no gift giving or lobbying to politicians
Singapore is also a very expensive place to live. they spend less than 3% of GDP on social protections because the workforce and employers both contribute.
How do come up with the rise in the cost of labor won't lead to less labor?
This speaks for it's self.
McDonald's is steering it''s employees to taxpayer funded welfare/food stamps so that McDonald's can privatize it's profits and socialize at taxpayers expense the risk of their low paid and low benefit employees.
Either consumers are going to pay for a product at a level that allows a fast food business to provide a living wage and benefits or as a tax-payer they are going to pay to compensate for those low wages and benefits.
"News of the McResource line comes a week after a report found that more than half of fast food workers have to rely on public assistance programs since their wages aren't enough to support them.
The report estimated that this public aid carries a $7 billion price tag for taxpayers each year.
A separate report by the National Employment Law Project released on the same day showed that McDonald's alone was responsible for $1.2 billion of that $7 billion alone."
McDonald's helps workers get food stamps - Oct. 23, 2013
By Emily Jane Fox October 24, 2013: 9:47 AM ET
McDonald's workers should have no problem qualifying for government programs like food stamps and heating assistance.
The hamburger chain pretty much admits that in a call made by a worker to "McResource"-- a helpline set up for its workers.
The advocacy group Low Pay is not Ok recorded a phone call made to the helpline by one McDonald's worker Nancy Salgado. The group circulated an edited video of the recording. McDonald's said the video was "not an accurate portrayal of the resource line" because it was "very obviously" edited.
However, CNNMoney reviewed the full recording of the call.
Salgado, who has worked at a Chicago McDonald's for 10 years and makes $8.25 an hour, asked the McResource representative a number of questions related to getting assistance to pay for her heating bill, her groceries and her sister's medical expenses. Salgado told the representative that she was recording the call for her sister.
The helpline operator never asked Salgado how much she made per hour, and how many hours per week she worked beyond the fact that she was a full-time employee. But she said that Salgado "definitely should be able to qualify for both food stamps and heating assistance."
The representative then pointed her toward a number of resources in Chicago, such as food pantries and a program that would help cover some of her heating bill. She said she would email her specific phone numbers and programs.
Related: The real budgets of McDonald's workers
The operator also explained that the McResource line is available to help McDonald's workers who need help navigating the process of getting public assistance. The helpline's phone number is posted in fliers at many McDonald's locations.
McDonald's said in a statement that "the McResource Line is intended to be a free, confidential service to help employees and their families get answers to a variety of questions or provide resources on a variety of topics including housing, child care, transportation, grief, elder care, education and more."
But the line is not open to all McDonald's workers. Franchise owners need to pay for the service in order for their employees to use it.
Salgado's franchise owner in Chicago, for example, had not paid for the service, even though she called the helpline.
The operator said that none of the Chicago franchises had paid for it.
"We can be a good program," the operator said. "We can do a lot of the leg work that takes a lot of the stresses off of you making a million phone calls trying to find services."
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Will fast food unions be the next movement?
News of the McResource line comes a week after a report found that more than half of fast food workers have to rely on public assistance programs since their wages aren't enough to support them.
The report estimated that this public aid carries a $7 billion price tag for taxpayers each year.
A separate report by the National Employment Law Project released on the same day showed that McDonald's alone was responsible for $1.2 billion of that $7 billion alone.
The recorded phone call supports what the reports found and also the claims of hundreds of fast food workers that their pay is too low, they don't get scheduled for enough hours and they get no benefits. Since last November, workers have organized protests around the country, including New York City, Los Angeles, Memphis and Detroit calling for a minimum wage of $15 an hour and the right to organize without retaliation.
Earlier this year, McDonald's came under fire for releasing a budget planning guide for its employees. The sample budget it provided didn't account for either food or gasoline, a big expense for low income workers. The budget also left room for an income from a second job, which many called an admission by the fast food giant that its workers can't live on wages from one job at McDonald's.
This person worked there for 10 years and in all of that time could not get a better job?? Are you fucking kidding me. If this person wanted to get ahead they could do night classes or put some effort into looking for another job. How about these corporations pay them what they're worth, less than $10/hr, and the government DOESN'T support there sorry asses at a cost to the tax payers.
Here's another bit of food for thought. How about actually enforcing some immigration laws and get all of those dirty scabs out of your country. There won't be so many people with no skills fighting for these shit jobs than the corporations will have to pay more in order to attract people to work.
Besides the point.
There are enough fast food workers out there that qualify for 7 Billion dollars worth of taxpayer benefits.
The majority of jobs created since the recession started in 2007 are low wage, low or no benefit service type jobs.
The people in these jobs qualify for welfare/foodstamps due to their low wages and low or no benefit service type jobs.
There are college graduates that cannot find jobs.
There have been dynamic shifts in the job markets and what we are seeing now is the result of this shift.
How the recession turned middle-class jobs into low-wage jobs
How the recession turned middle-class jobs into low-wage jobs
By Brad Plummer, Published: February 28 at 11:24 am
The U.S. job market is slowly improving, and most economists expect that gradual recovery to continue this year. Yet one of the most disturbing trends of the recession is still very far from being reversed. America's middle-class jobs have been decimated since 2007, replaced largely by low-wage jobs.
A recent presentation from the Federal Reserve Bank of San Francisco lays out the situation clearly. The vast majority of job losses during the recession were in middle-income occupations, and they've largely been replaced by low-wage jobs since 2010:
Mid-wage occupations, paying between $13.83 and $21.13 per hour, made up about 60 percent of the job losses during the recession. But those mid-wage jobs have made up just 27 percent of the jobs gained during the recovery.
By contrast, low-wage occupations paying less than $13.83 per hour have utterly dominated the recovery, with 58 percent of the job gains since 2010. (This data all comes from an earlier report (pdf) from the National Employment Law Project.)
That's put downward pressure on wages: "[M]any middle-class workers have lost their jobs and, if they have been able to secure new employment at all, find themselves earning far lower wages post-recession," the San Francisco Fed notes. "[O]n average over the next 25 years, these workers will earn 11% less than similar workers who retained their jobs through the recession."
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The jobs of the future? (Washington Post)
So what types of low-wage jobs are we talking about? Nearly 40 percent of the jobs gained since the recovery began ? about 1.7 million ? have come from three low-wage sectors: food services, retail, and employment services (that last is a sweeping category encompassing jobs like office clerks and sales representatives).
As the San Francisco Fed presentation notes, just four low-wage sectors now make up nearly 12 percent of the workforce in 2011: retail sales, cashiers, office clerks, and food preparation and service workers. "[T]hese occupations are crucial to the support and growth of major industries across the country, but many of these workers do not earn enough to adequately support their families, even at a subsistence level."
if you take a realistic look around towns like mine you will see a lot of homes being boarded up etc. ones on the market many years with not a chance of selling. businesses are being shuttered too. a degree doesn't assure you higher employment and people being employed far beneath their education is common all across USA. not a lot of options besides retail and service for many graduates. half of all college graduates are unemployed or underemployed. half.
any legislation that gets proposed that would exact a heavy fine or punishment for company owners can't even make it out of committee, so the bills always die.