Friday, November 27, 2020

Poverty and jobs

The War on Poverty began in 1964 when the nation suffered from a 19% poverty rate. The office of economic opportunity was set up to provide various programs of public assistance. This involved the redistribution of wealth and has continued to this day. The emphasis was never on self sufficiency that would come from a good job but directed toward dependency on government benefits. Over the past 50 plus years this movement toward government aid has expanded and has not achieved the anticipated results. While overall poverty rates have remained fairly constant the rate among Blacks declined from 34% to 22%. This on the surface looks like success but at what price. While other Americans who had good jobs suffered slow but steady declines in their standard of living many living on public assistance saw their dependency growing. The facts are stark. Single family moms on welfare, poor performance in schools, drug use and high crime are often quoted. Even today democrats show little interest in creating good jobs for the minorities. Biden's plans for the economy are not clear but they mostly involve more government assistance with no emphasis on good jobs. Those further left like Bernie Sanders proposed government jobs for all. His plan was to have 20 million people working on green energy jobs, things like building solar panels and wind mills. Will private sector jobs decline while government jobs increase? Will this bring about a growing economy. Other countries have tried this without much success. Will the US be the exception to the rule?

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