Poverty-alleviation programs like food stamps (SNAP), Social Security, and other "welfare" programs are broadly effective at reducing poverty, a new study from University of Chicago researchers found.
The study, performed by researchers Bruce Meyer and Derek Wu, conducted a more comprehensive analysis than most studies, because it used administrative data from the programs' payment records, not just survey data of recipients from the Census Bureau.
[...] For the elderly, Wu said the research found that Social Security benefits "single-handedly slashes poverty by 75%." Social Security's overall effect on all poverty is also enormous, responsible for by far the largest poverty reduction among all these programs, the study said.
(Score: 1, Interesting) by Anonymous Coward on Tuesday May 29 2018, @09:26PM (1 child)
Your comment shows great wisdom (and empathy).
Azuma's comment and the tack of the story is, IMO, headed in the wrong direction.
In the 1930s, John Maynard Keynes advised President Roosevelt to make the federal government The Employer of Last Resort and to put people, idled by boom-and-bust Capitalists, back to work.
Now, Southern Democrats made sure that the New Deal programs were extremely racist and that only White people got those jobs.
So, it wasn't perfectly implemented, but 15 million people who the Capitalists wouldn't hire, were put back to work by FDR.
Along these lines, former Secretary of Labor Robert Reich (a good man) recently wrote Why We Need A Federal Jobs Guarantee. [alternet.org]
-- OriginalOwner_ [soylentnews.org]
(Score: 2) by Azuma Hazuki on Wednesday May 30 2018, @06:24AM
I'm with you on that: we need a reboot of the civilian conservation corps. Heaven knows our infrastructure needs massive refactoring. The solution is obvious. This won't be implemented because the greedheads WANT the US decaying...
I am "that girl" your mother warned you about...