Wednesday, January 16, 2013

Why are Americans working less?

From the Wall Street Journal article, The Wages of Unemployment

1.  Food stamps—even before the down turn in the economy the program was expanding under Bush. There are over 30 million more Americans receiving food stamps today than in 2000.

2.  Social Security disability payments. Supposedly, we’re healthier than ever, but five million receiving disability by 2000, 6.5 million by 2005, and rising to nearly 8.6 million today.

3.  Pell grants. More people in college, fewer in the work force. In 2000, fewer than 3.9 million young men and women received Pell Grant awards to attend college. The number rose one-third, to 5.2 million by 2005, and increased a million more by 2008. In the next three years, however, the number grew over 50%, to an estimated 9.7 million.

For many, it just doesn’t pay to work!  And obviously, this problem did not start with Obama!

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