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Date Posted: 01:37:22 12/30/03 Tue
Author: Weird_Enigma
Author Host/IP: 172.147.30.16
Subject: Let's end poverty

Let's really end poverty
America's poor population is huge, and income disparities are growing
HOLLY SKLAR
Knight Ridder/Tribune

If poor Americans were a nation, the population would top Alaska, Arkansas, Delaware, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Rhode Island, South Dakota, Utah, Vermont, West Virginia, Wyoming and the District of Columbia combined.

That's using the Census Bureau's lowball poverty count of 35 million Americans.

If the Forbes 400 richest Americans were a nation, they could celebrate New Year's together in a hotel ballroom. The Forbes 400's combined wealth of $955 billion is greater than the gross domestic product of Canada, the world's eighth-richest economy.The wealth threshold for Forbes 400 admission is $600 million.

The poverty thresholds for 2002 were $8,628 for a person 65 and older, $9,359 for a person under 65, $12,400 for an adult and child, $14,480 for a couple with one child, and $18,244 for a couple with two children.

By the official measure, a senior with $719 a month in Social Security and other income was not poor. In reality, many people above the poverty line can't afford housing, utilities, food, healthcare, transportation and other basics. That $719 won't get a room for two nights at the Times Square Hilton for New Year's.

The two Americas are moving further apart.

The Forbes 400's combined wealth rose 10 percent over the past year. Since 1982, when Forbes began the list, Forbes 400 wealth has jumped about 450 percent, adjusting for inflation.

The poverty rate hit its best mark back in 1973. The 2002 poverty rate of 12.1 percent was 9 percent higher than 1973's. The 2002 child poverty rate was 19 percent higher than its lowest point in 1969.

When the Forbes 400 began in 1982, there were 13 billionaires and five of them were oilman H. L. Hunt's children. Today there are 262 billionaires and four of them are Wal-Mart founder Sam Walton's children. Including Sam's widow, Helen, the Waltons hold ranks four through eight on the Forbes 400, with $20.5 billion each.

The Waltons' $8.5 billion wealth gain in the past year is more than the total budget for Head Start, serving nearly 1 million children.

While the Wal-Mart heirs are among America's richest, Wal-Mart workers are among America's poorest.

Wal-Mart's U.S. workers -- most without health benefits -- average just $8 an hour, compared with $12 in retail trade generally. Wal-Mart's average wage is lower than the 1968 minimum wage of $8.51, adjusted for inflation. Now the world's largest company, Wal-Mart is rolling back wages in the growing areas it dominates .

Thanks in part to poverty-level wages, hunger and homelessness are up sharply, according to the new U.S. Conference of Mayors survey. Emergency food requests jumped an average 17 percent over the past year and emergency shelter requests rose 13 percent in the 25 cities surveyed.

Among those requesting food assistance, 59 percent were families with children, and 39 percent of adults were employed. Among the homeless, 40 percent are families with children, 17 percent are employed and 10 percent are veterans.

Let's make a national resolution: Raise the low wages that contribute to hunger, homelessness and poverty in this richest nation on earth.


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For the Record offers a variety of commentaries from various sources. The views are those of the writer's, not The Observer.s editorial board. Holly Sklar is co-author of "Raise the Floor: Wages and Policies That Work for All Of Us" (www.raisethefloor.org).

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