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by yummyfajitas
5617 days ago
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Our wealth has grown exponentially in recent decades but poor people still work 9 to 5 or more. This is a myth. The poor work very little - their full time labor force participation rate is only 10% or so (this includes both the employed and unemployed). 80% of the poor don't work at all. http://www.bls.gov/cps/cpswp2007.pdf (Before you criticize this statistic as being too simple, go see this thread where I answer many objections: http://news.ycombinator.com/item?id=2129845 In particular, this is not a result of the poor being disproportionately old or young.) |
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And as near as I can tell you've conjured your "80% of the poor don't work at all." figure out of thin air. You don't adequately address the objections in the linked thread, and you're making the same oversimplifications.