Thursday, June 28, 2012

From the Fiscal Times: The Poor: Not As Bad Off As They Once Were?

This story illustrates a point made in our lectures on social welfare policy. Poverty in the US is more relative than absolute. If one measures it in terms of access to consumer products - that get cheaper all the time - there's little poverty in the US, but the story is different when inequality is taken into consideration. But there's no clear cut, non controversial way to measure inequallity.

As with many other phenomena, data can be found to support various positions.