Monthly Archives: July 2016

33% of men not in the 2016 labor force live in poverty

While the unemployment rate is now under 5%, which many economists consider to be full employment, there are still many people who have not come back to the labor force. The participation rate of men aged 25-54 is particular alarming in that only 88% of them are employed or seeking a job, and the trend of male participation continues to be downward. Of those who have dropped out, 1/3 of them are now living in poverty. This percentage of workforce participation is down from 98% of them holding a job …

Democrats propose a $15 per hour minimum wage

In what may be a piece of good news for the roughly 3 million people that currently earn the bare minimum wage of $7.25 per hour, the Democratic Party will be endorsing a $15 an-hour wage at their July 2016 convention. This means that their “platform” will be setting that level as a goal for their party. If this increase ever does go into effect than anywhere from 3 to 15 million low income households will be earning more money at their jobs each week.

$20.13 is the hourly wage needed to rent a home

Many people write to us and complain about the cost of housing. They often say they are struggling to keep up with their rent at the same time as paying for all of their other household expenses. A new report issued in 2016 from the National Low Income Housing Coalition helps validate what many families are feeling, as it supports the view that the cost of housing is much more than what a typical American family can “comfortably” afford. Not only is the cost of living, and particularity rent, increasing …