‘Report card’ says US economy is failing | Futurity

Posted by Clifton B. Parker-Stanford on January 20, 2014 Futurity

A new report highlights the implications of rising poverty, job loss, and greater inequality in America.

The social safety net has performed admirably, but is struggling to meet rising poverty and needs. It gets a mixed grade, while the economy gets an “F” for failing to provide enough jobs for the poor.

For the report, “The State of the Union on Poverty and Inequality 2014,” experts examined labor markets, poverty, the safety net, and inequalities in income, wealth, health, and education.

“The country’s economy and labor market remain in deep disrepair,” the report states, “whereas our various post-market institutions (e.g., the safety net, educational institutions, health institutions) have a mixed record of coping with the rising poverty and inequality that has been handed to them by a still-struggling economy and labor market.”

The social safety net consists of a variety of government cash and non-cash benefits and programs that assist the poor, says David Grusky, a Stanford University professor of sociology and the director of the Stanford Center on Poverty and Inequality, one of three national poverty centers.




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