Word: poorest
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...threat to American low wage workers.The Post relies heavily on Harvard’s own George Borjas, an economist who has spent much time showing that immigrants lower the wages of American workers, claims current immigration trends will produce “an astonishing transfer of wealth from the poorest people in the country…to the richest.” Borjas’ findings have been challenged by David Card, a Berkeley economist, who argues that immigration raises average wages by increasing the amount of availabe capital. He also claims that the least skilled workers—those...
...poverty by 2025. They made that an issue the 2005 G-8 summit had to take up. Though the measures adopted there were less dramatic than many hoped, if the rhetoric is turned into reality, it will make a huge difference for hundreds of millions of the world's poorest people...
...More than happy with the Bolsa Familia program that has given nine million of the country's poorest families a guaranteed monthly handout, and credulous of his claims that the elite are out to get him, disadvantaged voters have kept Lula comfortably ahead in the polls and the firm favorite to win the Oct. 1 presidential election...
...addressed. Governor Romney is right to point out that this plan is “something historic, truly landmark, a once-in-a-generation opportunity.” It leads to a more humane society, where our economic development allows us to provide for the the needs of our poorest citizens. Despite outspending all its peers on health care per capita, the United States is one of the few industrialized countries in the world that does not have a health care solution for its neediest citizens. We hope that Massachusetts’ step in the direction of helping its poor...
...cliché that America is the land of opportunity and social mobility is slowly but steadily disappearing as social structures become calcified. Since the 1980s, income inequality has skyrocketed: income in the poorest household percentile grew by 6.4 percent, whereas the top one grew by over 70 percent. This occurred while social mobility declined: the Economic Policy Institute argues that there has been a 16 percent decrease in social mobility for the second-to-lowest quintile, and the prospects are even darker for the poorest one. Moreover, economist Earl Wysong found in a cross-generational study that nearly 70 percent...