The World Socialist Web Site reports
The Obama administration, the Democratic Party, and their allies in the corporate-controlled media have hailed the Census Bureau report released [September 13], claiming it demonstrates that the US economy has "turned the corner" and that the supposed "economic recovery" is now providing big dividends for working people and even for the poor.
[...] A careful examination of the figures presented in the Current Population Survey (CPS), the formal name of the study, suggests that the hosannas by Obama and the media are premature. The statistical data is not fabricated, but it has been packaged in the light most favorable to the Democrats in the final two months of a hotly contested presidential election.
[...] Many workers who were limited to part-time work in 2014, or were unemployed entirely, went back to work or worked longer hours in 2015. This does not mean they got a raise. A minimum-wage worker who went from 15 hours of work a week in 2014 to 30 hours of work a week in 2015 would see a doubling in his or her income, a 100 percent increase, entirely from longer hours, even as their pay remained abysmally low.
[...] Most new jobs taken by previously unemployed workers were in the low-pay service sectors, like healthcare, restaurants and bars, nursing homes, retail outlets, etc.
[Continues...]
[...] The only section of the population which saw an outright decline in median household income were people living in rural areas, already lower paid on average than people living in cities or suburbs. Their median household income fell 2 percent, to $44,657 annually, more than $15,000 a year behind people living in metropolitan areas (combining cities and suburbs). During the presidential primaries, these areas saw some of the largest votes for Trump, as well as for Sanders.
[...] Obama and the media also hailed the reported drop in the poverty rate.
[...] If one adds up those excluded from the survey--2.3 million prisoners, 1.4 million nursing home residents, 1.2 million in hospices, and 1.1 million in other long-term care settings--that means that some 6 million people are left out.
In addition, as the Census report explains, "Since the CPS is a household survey, people who are homeless and not living in shelters are not included in the sample." Again, a large group of people, at least half a million and perhaps many more, who are all living in poverty, but not counted in the Census report. [...] [If those folks were added in,] the total number of people living in poverty [would be] closer to 50 million Americans.
[...] "During the 4-year period from 2009 to 2012, 34.5 percent of the population had at least one spell of poverty lasting 2 or more months." The number is staggering: about 110 million people. The official poverty line is absurdly low, set now at $24,250 for a family of four, or $11,770 for an individual. But more than one-third of all Americans fell below that abysmal marker for a significant period of time.
An interviewer on my Pacifica Radio affiliate suggested another reason why the *household* income numbers seemed to go up a bit: Adult children moving back in with their parents and adding their part-time poverty-wage income to the total.
(Score: 2, Interesting) by Anonymous Coward on Saturday September 17 2016, @01:22PM
The socialists are just telling us what we already know. There is no job security and no raise to meet increases in productivity. You are lucky to work at all, but huge segments of the economy are being targeted for automation.
(Score: 0) by Anonymous Coward on Saturday September 17 2016, @02:01PM
It's a strange confluence of events, eh?
On the one hand you have vitriol directed at old guard industries and how propping up their failing business models is dangerously close to crony capitalism, and on the other existential crisis over the coming automation.
But we'll call this next propping socialism.
Consistency was never humanity's strong point, but it should be noted that the greatest engine for reducing poverty has been the dreaded "c" word, while at the same time planting the seeds for most people to become obsolete (and before the socialist cry foul, I'd point out that very little is stopping you from forming your own collectives and stamping out poverty on your own).
The 1% worldwide bitching that the .05% is driving them squalor is a bit rich for my blood. But the assumptions of both capitalism and socialism are doomed to fail, and indeed have failed.
What comes next?
(Score: 4, Insightful) by takyon on Saturday September 17 2016, @02:24PM
Upcoming existential threats will eliminate the need to plan a post-capitalist economic arrangement. Survivors will regress into a feudal system, and traveling merchants will double as high-tech recyclers.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by turgid on Saturday September 17 2016, @08:14PM
Good old Dave Mustaine had it right, "There's unknown tools for World War Three, Einstein said we'll use rocks on the other side."
Trump + Putin = ?
I refuse to engage in a battle of wits with an unarmed opponent [wikipedia.org].
(Score: 2, Funny) by butthurt on Tuesday September 20 2016, @12:08AM
With an artificial womb, the two of them could create swarms of male and female offspring [soylentnews.org]