In: Economics
Welfare Reform - what are your thoughts about what is proposed below 2?
As the American economy is becoming capital intensive economy, many people are not able to get required jobs. In order to avail for basic standard of living, these workers are taking low profile jobs. There are many job opportunities in future as well but these workers would not be able to get in those due to lack in their skills. The workers will not able to provide better schools for their kids due to less income. Their kids would also lack skill development due to poor schooling and would not be able to get into high profile jobs.
I strongly agree to the point that a system must be organized where the low earning workers are subsidized more vigorously. This would not only enhance their basic standard of living but also help them to come out of the vicious cycle of poverty. With the subsidised amount, they would be able to provide their children good education in good schools. These children would gain required skills and would be able to get into high profile jobs. Their livelihood and way of living would improve with the help of subsidised amount by the government. Poverty will be eradicated to an extent.