Poverty Crisis

I spoke this morning at an event hosted by the Congressional “Out of Poverty” Caucus. The main points I tried to make were: (1) in the short-term, the best way to bring down the poverty rate (currently over 14 percent) is to put America back to work; but (2) that is not enough –the national poverty rate was over 12 percent even before the Great Recession started. In the medium- and long-term, we need to build (in many cases, rebuild) economic institutions that link workers’ wages and families’ incomes to overall economic growth.

You can read my prepared statement here.

Leave a Reply