The Consumer Price Index For Education

In the nation today all the healthy and nutritious foods are getting to be outrageous with the prices. “Families with average incomes are now struggling to provide foods that pack good nutrition as well. The price of fresh fruit

People are still living on $2 a day here in the United States. As one of the wealthiest countries in the world, how is it possible for people to live with this little amount of money? I know that I cannot. In $2.00 a Day, Jennifer Hernandez, a single mother with two kids, is a person who lives on $2 a day as she tries to survive and support herself and her kids in the collapsing economy. The minimum wage job for cleaning houses reinforces the cycle of poverty that Jennifer and her kids live in. This cycle of poverty reveals that there needs to be major changes to the economical infrastructure of the United States since the poor cannot get themselves out of poverty even though they actively look for work or have a job.

In other words, America has a widening gap between its wealthy and poor. As the rich get richer and the poor get poorer, there is a problem emerging: the disappearance of the middle class. Low-wage workers continue to fall behind those who make higher wages, and this only widens the gap between the two. There has been an economic boom in the United States, which has made the country more prosperous than it has ever been. That prosperity does not reach all people; it seems to only favor the rich. Rising economic segregation has taken away many opportunities for the poor to rise in America today. The poor may find that the economic boom has increased their income; however, as their income increase so does the prices they must for their living expenses (Dreier, Mollenkopf, & Swanstrom 19).

It is expensive to be poor in America. With unemployment being persistently high, this is good news for those in the poverty business who make money off of the misery of the poor. The working poor have to contend with payday loans, rent to own schemes, sub-prime lenders, exorbitant credit cards and a diabolically clever ideas that entrepreneurs have though of to get rich off those with thin wallets. The poor are stuck because they do not have the means to go elsewhere (" Place matters,," 2008).

Together, they made around $83,000 and had around $90,000 in assets which placed them solidly in the middle class. Twelve years later, Allison and David experienced setbacks but increased their income to about $125,000. Their financial assets quadrupled to a whopping $368,000 and saved up thousands of dollars for retirement. However, with the economy downsizing on the heels of the Great Recession and uneven job recovery heavily tilted toward low-wage jobs, David joined millions of other Americans in unemployment. Having spent half a year unemployed, David returned to work working at a significantly lower wage. Over the course of 12 years, David witnessed how work became less stable and more contingent for many Americans. The working experience illustrates a larger transformation in America’s employment landscape, away from middle-class jobs and jobs with significant benefits toward low-paying jobs with few benefits, accelerated by the Great Recession.

The selling point that has brought people to the United States for centuries is the American dream: Prosperity, Luxury, Opportunity, and so on. Unfortunately for many, this dream has been squandered by the receding economy of an indebted country. As inflation runs rampant, the value of the U.S. dollar decreases, lowering the value of household and business incomes. This economic recession has led many, especially those who only earn the minimum wage, to poverty. According to the United States Department of Labor, “The federal minimum wage is $7.25 per hour” (“Wage and Hour Division”). Some people believe that a solution to this problem is to raise the minimum wage; however, doing so would ultimately result in a negative effect on the

“The real tragedy of the poor is the poverty of their aspirations,” said Adam Smith. The quote above sheds light upon the primary driving force behind the conspicuous poverty that currently plagues American society and its citizens alike. Whether it be the further exacerbation of an indigent individual’s lifestyle or augmented power rendered to the commonplace bon vivant, the vicious circle of poverty seemingly appears to be an indelible taint on America’s rather diverse mosaic of individuals. From the gruesome working conditions endured by impoverished Americans to the immense profits garnered by affluent storeowners, the nation remains fixated in an economics-oriented rudimentary state: a reality directly intertwined to a dearth of bona

What must the U.S. economy look like, when viewed through the everyday experiences of the working poor? Is America the land of opportunity or simply an economic trap from which there is little chance of escape? Taking a short view of the economy, where one low-wage job looks much like another and mobility is a challenge, the working poor are in an economic vise; squeezed by high prices for basic commodities like housing, food and gasoline on one end and unable to change their basic job situation on the other.

Americans have the highest standard of living of any civilization ever to exist. Our technology and ease of access to everything afford us lifestyles never achievable to all previous generations. Jobs, cars, and opportunities are equally available for almost everyone. Almost. As a result of the last recession there is an abnormally high number of people living below the poverty line and many more living on welfare. Many people in the United States fear that they cannot provide enough food to their families and barely have the ability to fuel the own cars to get to work. According to the U.S. Census Bureau, the rate of poverty ceased to decrease about ten years after the implementation of anti-poverty

In the U.S., the primary source of income comes from jobs. However, people are unable to find jobs because businesses are outsourcing unskilled labor to developing countries since workers there are willing to be paid less than the average American worker. This creates problems for people who are trying to look for jobs because many lack the skills to function in a job that requires skill and will remain jobless until they find unskilled labor jobs. Since the Recession, working class families who had lost their jobs are struggling to survive due to the little job availability (Heritage Foundation, 2011). Because the majority of working class families are suffering from prolonged

1. Introduction a. Can you imagine what it is like to live off of dollars a day? Questions like how will I feed my family or how will pay rent go through the heads of Americans in this situation every day. b. This type of situation is happening all around us. Our neighbors, relatives and friends could have all suffered the negative effects from the lack of a sufficient income in the home.

Poverty is a condition of deprivation, lacking the usual or socially adequate amount of money or material possessions. In 2015, 13.5 percent American resided in poverty with California having a poverty rate of 23.8 percent, which was the highest of any state in the country. Then, among families with married couples, at least 5.4 percent of all whites, 14.9 percent, and 10.7 percent of all black people lived in poverty in 2010. In all this, it is evident that of all the clusters of individuals living in poverty, a bigger proportion of them are the marginalized communities made up of mostly the American Blacks and the Hispanics. These people are also the ones who are in the most need of being supported by the able society. One way that has been proposed is by way of raising minimum wages. In this investigation, I look at the likely impact of the 2016 minimum wage increments on the welfare of the poor sidelined populations. In achieving this goal, reflect on the choices by several states to set their minimum wage rates above the levels of last year. Additionally, I will employ several economic principles to identify the resulting relations between minimum wage rates, equilibrium labor ratios, and supply and demand of labor units within the U.S. economy. In all this, my central focus will be on the impact these changes have on the marginalized poor.

While it has proven to be difficult to end poverty in America, Peter Edelman is optimistic. In his book So Rich, So Poor Edelman makes a call to action. There are four prominent ideas that underpin Edelman’s reasoning throughout the book: (1) More people must understand why poverty is still so prevalent in America; (2) extreme poverty must be taken into consideration as a shocking 6 million Americans’ sole income was food stamps in 2011. This fact alone creates a sense of urgency that drives Edelman; (3) increasing income inequality should be treated as a moral issue; and (4) bold political action will be required if substantive progress will be made in alleviating poverty.

The pinpoint cause of poverty is challenging to find. People who live well off and are above the poverty line may be quick to assume that laziness, addiction, and the typical stereotypes are the causes of poverty. Barbara Ehrenreich, a well known writer on social issues, brings attention to the stereotypical ideology at her time, that “poverty was caused, not by low wages or a lack of jobs, but by bad attitudes and faulty lifestyles” (17). Ehrenreich is emphasizing the fact that statements like the one listed, often influence readers to paint inaccurate mental pictures of poverty that continue to shine light on the ideology of stereotypes being the pinpoint cause to poverty. However, there are many other causes that are often overshadowed, leaving some individuals to believe that poverty was wrongfully placed upon them. Examples would include: high rates of unemployment, low paying jobs, race, and health complications. Which are all out of one’s ability to control. There is no control over a lack of jobs and high rates of unemployment, nor the amount of inadequate wages the working poor receive. Greg Kaufmann, an advisor for the Economic Hardship Reporting Project and The Half in Ten campaign, complicates matters further when he writes, “Jobs in the U.S. [were] paying less than $34,000 a year: 50 percent. Jobs in the U.S. [were] paying below the poverty line for a family of four, less than $23,000 annually: 25 percent” (33). Acknowledging Kaufmann’s fact, the amount received for a family of four is fairly close to the yearly salary of a high school graduate, which means, receiving that kind of pay for one man may seem challenging, now imagine caring for the needs of four individuals. To make matters worse, certain families receive that amount of money and carry the burden of paying for

With that said, the United States Census Bureau published the official poverty level report of 2014 in which 46.7 million people are living below quality standard. This alarming fact of recorded data, has the number of poor people or people living in poverty ranked as one of the largest since the start of publishing poverty statistics. In 2014 the poverty rate was 14.8%, which was down from 15.1% recorded in 2010. Household cash income for families was “less than half of the poverty line, or about $10,000 a year for a family of four” (World Hunger Education Service, 2016). It represented 6.6% of all people and 44.6% of those in poverty.