Child Poverty Hinders the Economy

Category:  BloggERy
Friday, December 2nd, 2011 at 10:38 AM
Child Poverty Hinders the Economy by Jay Stevens
Michael Mac Zesty

As you all know -- at least I hope you do, since I've been pounding on the topic here -- Erie has twice the poverty rate as the national standard. And that number is even higher for Erie children -- it's at an astounding 43 percent.

Not surprising, it turns out that childhood poverty has an economic cost:

 Based on an analysis of the U.S. Census Bureau's 2006 American Community Survey data, researchers estimated that child poverty costs the nation $500 billion annually in foregone earnings, involvement in crime, and the costs associated with poor health outcomes. In Pennsylvania, the cost is $17.5 billion annually, based on the 2006 data showing 465,000 (or 17%) of children living in poverty.

In effect, this is money that would accrue to the U.S. and Pennsylvania economies if we took steps now to end child poverty once and for all, such as investing in education, health care and other vital family needs.

Lilienthal argues that "it's...critical to look at poverty as a huge economic and jobs issue," and advocates for poverty-reduction programs, one of them being investment in education

I get why Lilenthal brings up the economic argument. It's the language of the dominant paradigm. And it's the only kind of argument many MBA pinheads understand. But that's an indictment of how people in power think, isn't it?

We should eliminate poverty simply because it's the right thing to do...right?

 

Erie Reader: Vol. 4, No. 21
Now Available — Pick It Up Today

CURRENT

Development could be coming more easily to a protected stream near you!

Free food, drinks, and entertainment at Gigliotti’s.

Here Come the Mummies came to the Eerie Horror Film Festival. Here come some photos of their freaky funkiness...

President Obama hits the campaign trail in favor of Maryland's democratic candidate for governor, while an urban village pops up in Hong Kong, and PA police continue to chase down Eric Frein. Keep yourself up to speed on this and more withour daily news roundup. 

Now that we have an Ebola Czar, can we deal with the real crisis at hand?

IN THIS ISSUE

The story of the car salesman-turned congressman.

These mischievous ladies will kick off the Erie Philharmonic's Pop Series.

October and the annual Horror Fest -- now on its 11th year -- go hand-in-hand in Eerie. 

Executive Chef Michael J. Cerrie brings Sicilian-inspired American cuisine to Erie.

The Eerie Horror Film Fest headlines Halloween attractions.

ESPN gets it right, regional game makes Dead Spin, and honoring an Erie great.

One in four women will be victims of domestic violence during her lifetime. It is past time to take measures to prevent this.

What we can do about poverty, real estate, and the declining population in Erie County.

Peek'n Peak transforms into a German bier festival as part of the resort's Fall Fest. 

From bionic shoes to least competent criminals, it's news of the abnormal variety.