While wealth has a relationship to the health of the nation and a special relationship to regions of the country, it also is worth watching to see where wealth is most absent. In more simple terms, if you look at an illustration of wealth you will also find a visual of poverty. While the federal minimum wage isn’t a guaranteed stairway of out poverty, the higher hourly rate will offer opportunity to equal of surpass the establish poverty level.
Federal Minimum Wage $7.25 per hour X theoretical 2080 annual work hours (40 hour week times 52 weeks) = $15,080 per year.
Of course, many low wage earners do not have the opportunity and privilege to work a full 40 our work week. Perspective on $15,080 on the high side for the wager earner? If the worker is single and believe with Mom and Dad the annual $15,080 may work very well. Once the unmarried worker moves family-life, the scenario worsens exponentially.
Values of the poverty thresholds for the years since 1980 for families of different sizes are available on the Census Bureau’s website. The most recent values of the poverty thresholds are provided in the table below. For example, a four-person family with two adults and two children is poor with annual cash income below $23,283; the threshold for a four-person family with a single parent and three children is $23,364.
|U.S. Census Bureau Poverty Thresholds, 2012|
|Size of Family Unit||Poverty Threshold|
|One person (unrelated individual)||$11,720|
|Under age 65||11,945|
|Age 65 or older||11,011|
|Householder under age 65||15,450|
|Householder age 65 or older||13,892|
|Nine people or more||47,297|
Sadly, the older worker who must supplement low Social Security payments if they lived a life of a low income earner. A part-time job is probably a requirement unless there worker has significant other with social Security payments. Pre-65 years old are relegated to overwhelming poverty, or they are forced to work two or more jobs. For the pre-65 years old minimum wage working family, everybody works.
We would be remiss if we did not state many states have state minimum wage rates that exceed the federal wage rate.
ThisWiki link navigates to a table that speaks volumes about poverty; where it exist, to what extent it exists and the data is ranked 1 – 50 states. We ask that you pay close attention to the lowest 39 – 50 impoverished states and the top 1 – 20 states with the lowest poverty rate. Looks like a tabled map of the GOP. The table is “quick view” illustrated via the map above.
Published on Nov 20, 2012
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
It was about an hour after House Speaker John Boehner’s office said he couldn’t sign up for Obamacare coverage on the District of Columbia’s exchange, that his office said, he had officially enrolled on Thursday.
As it happens, it wouldn’t have taken him even that long if it weren’t for one thing standing in his way: John Boehner.
Boehner, apparently exhibiting a public display of frustration while trying to enroll on the DC site, tweeted out his dismay (or joy, however you want to look at it.)
Scott MacFarlane, a reporter for the local NBC affiliate in Washington, reports that a DC Health Care exchange representative actually tried to contact Boehner by phone during the enrollment process but was put on hold for 35 minutes, after which time the representative finally hung up, Josh Marshall of TPM reports.
Foiled again! Yes if it had not been for that new tech-invention called a ‘telephone’, which takes a lot of time to learn to navigate, John Boehner would have been able to enroll even faster.
Big thanks to a friend of FreakOutNation’s @Mea-Mark who you can follow on Twitter here.
White House Council Of Economic Advisers Report
Introduction and Summary
The Affordable Care Act (ACA) was passed against a backdrop of decades of rapid growth in health care spending in the United States. While much of this historical increase reflects the development of new treatments that have greatly improved health and well-being (Cutler 2004), there is widespread agreement that the system suffered from serious inefficiencies that increased costs and reduced the quality of care that patients receive. A key goal of the ACA was to begin wringing these inefficiencies out of the health care system, simultaneously reducing the growth of health care spending – and its burden on families, employers, and state and federal budgets – while increasing the quality of the care delivered.
This report analyzes recent trends in health care costs, the forces driving those trends, and their likely economic benefits. The report includes the following findings about recent trends:
While the causes of the slowdown are not yet fully understood, the evidence available to date supports several conclusions about the slowdown and the role of the ACA:
Accounting for the “spillover effects” discussed above raises this estimate to 0.5 percent per year, which represents a substantial fraction of the recent slowdown.
Slow growth in health care costs, thanks in part to the ACA, is likely to have substantial benefits for the Nation’s economy in both the short-run and the long-run:
Re-Blog from ………. Playthell G. Benjamin
Here is how we reported the Open Secrets piece.
We’ve been asked many times in the past 24 hours (since we published this story: http://bit.ly/1aPaLJN), “who actually funds the 20 House dissidents?” We were curious too, so we ran the numbers, and discovered some interesting answers.
|King, Steven A||$0||$0||$0||$0||$0||$0||$0|
|Gohmert, Louis B Jr||$0||$0||$0||$0||$0||$0||$0|
Boehner provided the best example of result that had to please his money-backing Koch machine. “I got 98% of what I wanted.” Yes, and after the US suffered a Credit Rating downgrade.
The Whirling Wind
John Boehner says, “We. Will. Repeal.”The White House says, “It’s. The. Law”
First, let’s visit a quote from a very intelligent person.
Insanity: doing the same thing over and over again and expecting different results.
“House Republicans’ budget hypocrisy knows no bounds,” Rep. Chris Van Hollen (D-MD), the Democrats’ leader on budget issues, told TPM. “This Obamacare repeal vote … exposes the mother of all budget gimmicks — the fact that the Republican claim of balancing the budget depends on the savings and revenues from Obamacare. The minute they vote to repeal the law, their budget is out of balance — they can’t have it both ways.”
Martin Bashir and Chrsi Van Hollen