Tuesday, November 05, 2013

Ya get more of what ya subsidize........Welfare, Not Full-Time Work, Is Now America's No. 1 Occupation

Welfare, Not Full-Time Work, Is Now America's No. 1 Occupation - Investors.com:
"Dependency: "Is Welfare The New Normal?" we wondered in an editorial last Thursday, and we didn't have long to wait for an answer. On Friday an answer came back in depressing new data from the Census Bureau.
...A Cato Institute study in August found that welfare now pays more than minimum-wage work in 35 states. Indeed, the federal government has 126 separate programs to help low-income earners.
"The current welfare system provides such a high level of benefits that it acts as a disincentive for work," the study said. "Welfare currently pays more than a minimum-wage job in 35 states, even after accounting for the Earned Income Tax Credit, and in 13 states it pays more than $15 per hour."."

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