President Obama and policymakers across the political spectrum have called for boosting the EITC in order to right this wrong.
There is usually a reason why people are poor in a country that has more opportunity than any other place on earth.
It almost always comes back to personal choice or circumstance. O’Riley stated, many Americans choose not to go out and create an opportunity for themselves so succeed.
With female full-time workers earning just 78 cents for every $1 earned by men, action must be taken to ensure equal pay for equal work.
Closing the gender wage gap would cut poverty in half for working women and their families and add nearly half a trillion dollars to the nation’s gross domestic product.
Furthermore, low- and middle-income workers have seen little to no income growth over the past decade, as the gains from economic growth have gone largely to the wealthiest Americans.
With flat incomes and inequality stuck at historically high levels, one might assume that chronic economic insecurity and an off-kilter economy are the new normal and that nothing can be done to fix it.Nearly one in five children would see their parent get a raise.Recent action taken by cities and states—such as Seattle, Washington; California; Connecticut; and New Jersey—shows that boosting the minimum wage reduces poverty and increases wages.But there is nothing normal or inevitable about elevated poverty levels and stagnant incomes.They are the direct result of policy choices that put wealth and income into the hands of a few at the expense of growing a strong middle class.Ava White 5th Hour Poverty and Its Factors 45% of children are born into poverty each year.That is a direct result of the four main factors of poverty, which are; household and family structure, geography, education, and health.The good news is that different policy choices can bring different outcomes.When the government invests in jobs and policies to increase workers’ wages and families’ economic security, children and families see improved outcomes in both the short and long term.Here are 10 steps Congress can take to cut poverty, boost economic security, and expand the middle class.The best pathway out of poverty is a well-paying job.