We have welcomed past efforts by the Bureau to offer alternative poverty measures. Their most recent release, however, ignores critical innovations and omits essential costs like child care for working parents and thus represents a step backwards.
More Quotes from Jared Bernstein:
These losses may reflect the fact that consumers facing higher energy prices and falling real inflation-adjusted wages are cutting back on discretionary spending.Jared Bernstein
We're looking at a recessionjobless recovery that's two years old to the day.
Jared Bernstein
I'm not sure this report convinces us that a recovery is underway in the labor market in any big way.
Jared Bernstein
Maybe we were looking under the wrong rock.
Jared Bernstein
American companies really haven't been sinking much of their gains back into domestic investment.
Jared Bernstein
More people are coming in to the labor force, and we're not creating enough jobs to put much downward pressure on the unemployment rate. But this is better news than expected.
Jared Bernstein
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