IMF warns the US over high poverty [View all]

[applegrove]

IMF warns the US over high poverty

BBC

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

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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.

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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.


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