America - Economic Issue Flashcards
Describe topics
———————————————— Poverty ———————————————— •13% •43 million •1/4 Hispanics
—————————————————————— The working poor —————————————————————— • many earn min federal wage $7.25 •not enough to live on •2014 52% fast food workers rely on welfare
—————————————————————— Unemployment —————————————————————— •national 4% •blacks 7.9% •whites 3.8% •shows inequalities in unemployment rates as black significantly higher than white
How many Americans in poverty
13% (43 million people)
How many children live in poverty
1 in 5
Which races are most likely to be in poverty
African Americans & Hispanics
How many Hispanics live in poverty
1 in 4
What is the minimum federal wage
$7.25
How much do u need to earn to keep family of 4 out of poverty
$25,000
In 2014 how many fast food restaurants workers had to rely on welfare from the government
52%
What’s national unemployment rate for us
4%
What’s unemployment rate for blacks
7.9%
Why do economic issues exist
LACK OF ENGLISH
Immigrants - Mexican speak Spanish
Unskilled low paid work like fruit picking
LOW WAGES
$7.25 an hour minimum
Not earn enough
52% fast food workers rely on welfare
TRAPPED IN POVERTY CYCLE
born into low income fam
Deprived area Highland Park Detroit
Schools underfunded low grad rates
2013 strawberry mansion 33% graduated
No high school diploma low paid jobs
Describe gov responses to economic issues
AMERICAN RECOVERY AND REINVESTMENT ACT 2009
$20 billion on SNAP - food stamps
Plastic cards
Only some stores - no cigs or drink
MAKE WORK PAY
extra money to low earners
Fams could get extra $400
TANF TEMPORARY ASSISTANCE FOR NEEDY FAMILIES
extra money for poor fams
Fund childcare
Explain why some people PRAISE govt responses to economic issues
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ TANF PROVIDES SAFETY NET ———————————————— • provides cash for fam with kids • or childcare so study or work •encourage fam not to rely on benefits •reduce child poverty
—————————————————————— SOME PRAISE SNAP —————————————————————— • 46million Americans get food stamps •~$127 per month per person •poor ppl don’t go hungry bc they given card which is filled each month with money
——————————————————————
ARRA ACT 2008
——————————————————————
• tax breaks on new car purchase helped support & grow this industry
• 2.4 million private sector and 1.7 million govt jobs created in first 18 months after ARRA passed
Explain why ppl CRITICISE govt responses to economic issues
———————————————— FOOD STAMPS ———————————————— •not enough to last a month • foodbanks like FEEDING AMERICA still supporting ppl on stamps
—————————————————————— TANF —————————————————————— •funding fixed for 20 yrs •used to help 8 in 10 •now only helps 1 in 3
