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SMW for 13 February 2024



AT THE CLOSING BELL ON 13 February 2024


Dow Jones 38,272.75 -524.63 (1.35%)
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Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
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Quote for the Day:

With the prevailing wages running at $6–$7 an hour in my town and rents at $400 a month or more, the numbers might, it seemed to me, just barely work out all right. But if the question was whether a single mother leaving welfare could survive without government assistance in the form of food stamps, Medicaid, and housing and child care subsidies, the answer was well known before I ever left the comforts of home. According to the National Coalition for the Homeless, in 1998—the year I started this project—it took, on average nationwide, an hourly wage of $8.89 to afford a one-bedroom apartment, and the Preamble Center for Public Policy was estimating that the odds against a typical welfare recipient’s landing a job at such a “living wage” were about 97 to 1.

Barbara Ehrenreich. Nickel and Dimed: On (Not) Getting By In America . Henry Holt and Co. © 2001.