Wednesday, December 3, 2008

the deepening divide ...

10% of US on food stamps, according to a Reuters article.

which by itself is ok.

The subscriptions to the program have been growing for the last 7 years - direct correlation with unemployment growth over the same period.

This leads to the concern. And the concern is long-term welfare dependence.
Typically, once one gets into this bracket, it take 5-6 years to get out of it.

And, irrespective of age, there does seem to be a direct correlation to lower employability. (obv the younger one is, when it happens, the greater the school dropout chances.)

Couple that with the lack of affordable housing for the weaker sections of the populace, and one will find that food money is being diverted to living costs.   Extending the spiral.

So, you have
- more people who are poor,
- higher dependence on welfare,
- with marginalized employment options (reducing further due to outsourcing),
- frustrated over being unable to "find a place to live - in the world's only superpower",
- while they see the "asian minorities" (the only ones who seem NOT to be affected) living in the lap of luxury and being regularly lionized by media.
- and an economy stuttering on the brink of a depression.

Recipe for general social unrest.

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