IMF warns the US over high poverty

[applegrove]

IMF warns the US over high poverty

BBC

http://www.bbc.com/news/business-36599316

"SNIP............



The fund said about one in seven people were living in poverty and that it needed to be tackled urgently.

It recommended raising the minimum wage and offering paid maternity leave to women to encourage them to work.

.............

However Ms Lagarde warned that "not only does poverty create significant social strains, it also eats into labour force participation, and undermines the ability to invest in education and improve health outcomes".

"Our assessment is that, if left unchecked, these four forces - participation, productivity, polarisation and poverty - will corrode the underpinnings of growth and hold back gains in US living standards," she added.


............SNIP"

[99th_Monkey]

1. Has the Dem platform committee included $15 an hour?

I keep hearing it both ways?

[Lancero]

2. Lip service pretty much.

It's in the platform, though the language behind it isn't as strong as it could - should - be.

It's better then nothing I suppose, but that's a small comfort to people living in minimum wage poverty.

[bvar22]

15. $15/hr for a family of 3 or 4 doesn't go very far,

especially if the employer intentionally keeps workers under 40 hours/week.

$15.00/hour doesn't go far for a single person.

[99th_Monkey]

17. Or if employer only hires small family workers.

So that's how it's written? Is it $12 for everyone else? Or ...?

[the_sly_pig]

3. Unless a high poverty rate is your goal...

Union breaking, defunding education, high rates of incarceration and a reduction in civil liberties that includes the passing of Citizens United.

High poverty and ignorance are the goals.

[cstanleytech]

8. Oh I suspect that is the Republicans goal all right.

After all there are other ways to own people and one of them is to force them to live at the edge of if not in poverty so that they are pretty much at your mercy.
Walmart and alot of the retailers have been using this method more and more to keep their employees in line over the years.

[bvar22]

14. Add to your list:

Free Trade with 3rd World Slave Labor Countries.

[Wounded Bear]

4. kind of rich...

since the IMF went Chicago school a long time ago.

I guess there are signs that real economists are running it now?

[applegrove]

5. The pendulum is swinging back.

[Wounded Bear]

6. We can only hope...

they've screwed over enough countries. Time to get back to real economics.

[applegrove]

7. Keep the trade. Stop the dangerous lack of regulations. Get rid of the regulations

that are just graft. Get the left to sit at the table, not just the right.

[Juan_George09]

9. Quite amusing to hear this from the IMF

That institution has been instrumental in screwing over countless people around the world with their economic policies.

[Triana]

10. Have we heard anything about this from US media, or just the BBC?

This is the kind of thing the US media love to totally ignore.

[midnight]

11. Just a thought.. Why can't we have a higher minimum wage?

[ehrnst]

13. It has to go through congress. If we change the current congress, it can be done. (nt)

[Odin2005]

12. Very ironic coming from the IMF.

[Rex]

16. Great, that means the IMF wants to steal whatever pennies are left in the jar.

Lock your doors! The IMF is in town and senses blood in the water!