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For decades, both parties supplanted a push for higher wages with well-intended public aid. The result: calamity
2013 is the year many Americans discovered the crisis of the working poor. It turns out it’s also the crisis of the welfare poor. That’s tough for us: Americans notoriously hate welfare, unless it’s called something else and/or benefits us personally. We think it’s for slackers and moochers and people who won’t pull their weight. ....
But it’s not just fast food and Wal-Mart: One in three bank tellers receives public assistance the Committee for Better Banks revealed last week, at a cost of almost a billion dollars annually in federal, state and local assistance. That’s right: One of the nation’s most profitable, privileged and high-prestige industries, banking, pays a sector of its workers shockingly low wages and relies on taxpayers to lift them out of poverty. In New York alone, 40 percent of bank tellers and their family members receive public assistance, costing $112 million in state and federal benefits.
Poverty nation: How America created a low-wage work swamp
Would elimination of all tax on low wages allow low wage workers to be self sufficient without "help" ?
Perhaps this is evidence of corporatism ?
reply to post by xuenchen
Interesting isn't it if you look at the current minimum wages, the push to force those jobs under 30 hours per week, throw in taxes you have a ready pool of people at the federal poverty line. Got to keep the slaves in their place.
$9 (wage) X 29 hrs/week X 50 weeks /year = $13050 per year
Deduct 15% for random taxes = $11092.50 net income
US federal poverty line (1 person) = $11,490
They've got it all worked out. Of course it could be coincidence.edit on 981pm5555pm42013 by Bassago because: (no reason given)