Term Paper: Poverty

Sample Term Paper

Words 2,100

This term paper is on poverty. Underemployment comprises unemployment plus involuntary part-time work, discouraged job seekers, and others who have tried but futile to find work in the last 12 months and are no longer counted as “officially” unemployed.

Underemployment comprises unemployment plus involuntary part-time work, discouraged job seekers, and others who have tried but futile to find work in the last 12 months and are no longer counted as “officially” unemployed – has increased by 2.3 points to 9.6%, as high as when the recovery began. (Economic Policy Institute)

There are 2.5 million who are missing from the labor force, reflected in the exclusively large drop in the share of the population in the labor force in recent years. Unemployment among African Americans hit 10.1% in June 2004, up from 9.8% at the November 2001 start of the recovery. The unemployment rate among computer programmers was 7.6% for the first half of 2004, drastically higher than the overall unemployment rate of 5.6%. (Economic Policy Institute)

Many families with incomes below or hovering around the poverty line have an adult wage earner in them. Approximately 35 million adults between the ages of 18 and 64 earn less than $20,000 annually (Budetti et al.1999). More than 5% of persons age 25 and over earned minimum wage of $5.15 an hour in 1997, including 7.4% of employed women over age 25 (U.S. Bureau of the Census, 1998, table 700). A single parent with two children, earning a minimum wage of $5.15 an hour would not earn enough to pull the family above the poverty line.

Working poor families face many challenges and hindrance, including reliable transportation, quality day care, safe and affordable housing, affordable health insurance, and other important fringe benefits of a job. June 2004, more than one-fifth of the jobless were unemployed long term, that is, 27 weeks or more. (Economic Policy Institute)

A visit t to a local employment agency was very revealing about the current state of unemployment, the lady in charge said that there was a shortage of jobs even part-time ones and the she had hundreds of people looking for jobs who were laid off had only part-time work. In addition in her view minorities were particularly hard hit by the growing unemployment.

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