Escaping from poverty
By Nicholas D. Kristof/New York Times
Before I ask for a drumroll and reveal “the secrets” of fighting poverty, a bit of background:
For a quarter-century after World War II, the United States made great progress against poverty. Then in the 1970s, we fumbled. Over the last 35 years, our economy has almost tripled in size, but, according to the United States Census Bureau, the number of Americans living below the poverty line has been stuck at roughly 1 in 8. One reason is that wages for blue-collar and other ordinary workers peaked in the early 1970s, after adjusting for inflation, according to the Bureau of Labor Statistics. A second is the breakdown in the family and the explosion in single-parent households. (more...)