An interesting infographic from Mother Jones details how badly the poor have fared since the recession.
"Their median net worth has always been pretty close to zero, but by 2011 it had plummeted to $-6,029. On average, poor families were in the hole to the tune of $6,000, an astronomical and completely debilitating number to someone with barely poverty-level earnings."
Have a look at the post.
Thomas Edsall in the NYT alleges that municipal budgets for such things as corrections and law enforcement are being balanced on the backs of poor people. Through things such as offender charges, often the people who have very little financial means are being forced to pay for their own jury trial.
"Poverty capitalism and government policy are now working on their own and in tandem to shift costs to those least equipped to pay and in particular to the least politically influential segment of the poor: criminal defendants and those delinquent in paying fines.
Last year, Ferguson, Mo., the site of recent protests over the shooting of Michael Brown, used escalating municipal court fines to pay 20.2 percent of the city’s $12.75 million budget. Just two years earlier, municipal court fines had accounted for only 12.3 percent of the city’s revenues."
Check out the whole article.
One idea for fighting poverty is a "universal basic income," essentially payments to people to ensure that they remain above a monetary poverty line. One commentator in The Week derides the idea, however:
"The only type of welfare policy that reliably gets people who can work into work is a welfare policy with work requirements. All the evidence strongly suggests that if you have a UBI, the outcome is exactly what many conservatives fear will happen: Millions of people who could work won't, just listing away in socially destructive idleness (with the consequences of this lost productivity reverberating throughout the society in lower growth and, probably, lower employment, in a UBI-enabled vicious cycle)."
See the whole article for his perspective on research about why the universal basic income can't work.
New research sheds a different light on inequality in the United States. Certainly African-Americans all too often have unequal access to jobs, education, and civil rights compared to white Americans. Good news might seem to be that the income gap between black and white Americans has lessened in recent decades--but even that story masks persistent disparities.
"When you zero in on income, African Americans would seem to have gained significant ground since the civil rights movement of the 1960s. Today, for instance, the difference between the percentage of white and black households earning $50,000 and $75,000 is within shouting distance—18.7 for whites versus 15.1 percent for blacks, according to the Census Bureau. But look at the respective wealth of white and black America, and you get the real story. In 1984, the median working-age white family had inflation-adjusted assets worth $90,851, compared with a net worth of only $5,781 for the median black family of working age. (Focusing on working-age families yields a subject group older and relatively more prosperous than the aggregate but is easier to track over time; the inequality ratio for the overall white and black populations is actually even higher.) A quarter century later, the median white wealth had jumped to $265,000, while median black wealth was just $28,500. The racial wealth gap among working-age families, in other words, is a stunning $236,500, and there is every reason to believe that figure has widened in the five years since."
What to do about this problem? The article in the New Republic has a number of suggestions, including "baby bonds," an asset accumulation program that would start at birth, with subsidies for households below median wealth. It's a provocative perspective on the disadvantages that blacks can endure compared to whites, and how possibly to correct such historic injustices.
On May 11th, the Poverty Education Center hosted "Jesuit Universities Engaging Poverty: Perspectives from Seattle and Managua." The event brought together students, faculty, staff, and community members to hear from Seattle University and la Universidad Centroamericana about how they were engaging poverty in their communities.
Poverty Education Center