in the article say it's a result of political choices and government programs. but it's not government programs. it's getting money to people. stimulus checks. unemployment checks. child credits converted not to a credit but an actual monthly check. i've long said i don't have the economics background/acumen to know/understand the long-term impact of UBI as it relates to inflation adn other issues but i strongly believe money in people's pockets is infinitely better than government programs. billions and billions on public transit that requires three stops and two transfers and only goes to designated spots doesn't do shit for people trying to find work when half the opportunities are in places transit doesn't reach or conveniently reach. a car makes all the difference in the world. with ubi they have money for a car, not bus passes or train vouchers. i know many of my conservative brethren here hate the notion of ubi but it's effectively what we've been operating under for the last year and it's having a material impact on poverty.
govt programs like elevating min wage punish small businesses. a moratorium on evictions punish landlords. they aren't all billionaires. i'd rather see issues like these remedied via basic income
govt programs like elevating min wage punish small businesses. a moratorium on evictions punish landlords. they aren't all billionaires. i'd rather see issues like these remedied via basic income
Pandemic Aid Programs Spur a Record Drop in Poverty
WASHINGTON — The huge increase in government aid prompted by the coronavirus pandemic will cut poverty nearly in half this year from prepandemic levels and push the share of Americans in poverty to the lowest level on record, according to the most comprehensive analysis yet of a vast but...
www.yahoo.com
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