BREAKING NEWS — “Too few American families are living in economically secure households, with most workers unable to stretch their incomes over basic expenses and savings,” said Joan Kuriansky, Wider Opportunities for Women’s Executive Director. “The American Dream of working hard to support your family is being re-written by the growth of low-paying industries and rising expenses.”
According to the BEST report released by the Wider Opportunities for Women (WOW) organization, “…jobs created in the coming years will not provide economic security wages to the majority of workers who do not have 4-year college degrees. Fewer than 13% of jobs the US Department of Labor expects to be created by 2018 are likely to provide economic security to a single parent raising two or more children. A small majority of new jobs are expected to pay economic security wages for single workers without children, and approximately 43% of the new jobs will pay economic security wages for two workers raising two young children.”
As Congress debates how to make ends meet, the following cuts are on the chopping block:
- Cuts to virtually all funding for Department of Labor job training programs this year, from the Workforce Investment Act to on-the job training for older workers.
- Cuts to the Community Services Block Grant, which provides access to employment, nutrition and other vital services that help low-income people find jobs and move into the middle class.
- Cuts to Medicaid, which covers health care for low-income families across the generations and is the major source of funding for long-term care. If turned into a block grant, as has been suggested by some, such cuts could result in loss of health care jobs as well as services for patients of all ages.
At the same time, Brian Williams from NBC Nightly News stated that the pay raises of some top CEOs received last year were nearly identical to the pay raises they received BEFORE the recession. Ouch.