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Quick Reads about Poverty & Homelessness
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Bloomberg Businessweek
3 min read
Politics

China’s Shift to Services Hits a Snag

Dexter Roberts • Many jobs being minted are menial and pay low wages • “Every year, China has more and more college graduates” After more than two decades in the factories of the Pearl River Delta making artificial Christmas trees, furniture, and golf clubs, Ji Jiansheng was ready to try something else. A dispute with his bosses over wages was the final straw, so Ji, 38, scraped together his meager savings and opened a restaurant in Shenzhen a little more than a year ago. Now he’s up at 5:30 a.m. to buy ingredients for the Shandong-style dishes his small eatery specializes in, and often doe
Bloomberg Businessweek
5 min read

The Mystery of Tepid Wage Growth

Peter Coy • Unemployment in the U.S. is falling, so why isn’t pay rising? • The “rate is not measuring the tightness of the labor market” The U.S. economy is behaving mysteriously. Usually wage growth accelerates when the job market is tight: Employers have to pay more to attract and retain workers. But even though the unemployment rate hit a decade low of 4.4 percent in April, average hourly earnings grew just 2.3 percent over the past year—compared with an annual rate of more than 4 percent the last time the jobless rate was this low. What has happened to the historical, and seemingly lo
Newsweek
8 min read
Politics

How Tax Breaks Help Richest U.S. Colleges Get Richer

During his successful quest to win Pennsylvania’s 20 electoral votes, Donald Trump told the state’s voters that colleges are fleecing taxpayers and enriching Wall Street. “What a lot of people don't know is that universities get massive tax breaks for their massive endowments,” he told a crowd in suburban Philadelphia. “These huge multibillion-dollar endowments are tax-free, but too many of these universities don't use the money to help with tuition and student debt. Instead, these universities use the money to pay their administrators, or put donors' names on buildings, or just store the mon
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Alex P., Scribd Editor
From the Editors

Illuminating examination…

Even as the Vance family manages to achieve some semblance of ‘The American Dream,’ J.D. Vance shows how deeply the scars of poverty—and the familial and societal ills that it engendered—have compromised the health and happiness of each generation. A must-read for those interested in the ramifications of American social, economic, and political policy.