"Poverty Industry" drives Memphis economy.
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"Poverty Industry" drives Memphis economy.
Posted by Queen on 12/31 at 12:03 pm
Article in the city's largest paper breaks down the government aid flowing and propping up the city. We talk on this board all the time about takers vs. makers, but this really put it into a numbers perspective I doubt anyone can dispute.

A few notable parts of the article:

quote:

Just over $3 billion flowed from Washington for the 100,000 least well-off households in Memphis in 2010. This tide of cash never diminishes the poverty rate, which is based on earned wages. But the aid is real money.


quote:

the poverty rate doesn't reflect actual living standards. Poor families still consume goods and services.

Across the nation, households with an annual income of less than $10,000 lived on average as if they had made $21,000, according to a consumption survey last year of 122,287 households in all income strata by the U.S. Bureau of Labor Statistics.

Government aid including welfare, food stamps, and rent subsidies accounted for the bulk of the $11,000 difference in the BLS survey. Off the books cash, the survey noted, averaged $1,100 per year, while annual Social Security payments added $2,800 per family.


quote:

Sustained by safety net programs, one unemployed single resident of South Memphis can survive. Add up the food stamps and her parent's rent subsidy and Social Security, and they live as if they earned $400 per week.

She said she left the workforce recently to help her elderly parent in an emergency. She can now return to work. The parent is stable. But she's just comfortable enough to stay home, she said, especially when good wages seem hard to find in a region with a current 8.6 percent unemployment rate.



TL;DR version: Government spends $3 billion for just 100,000 people in Memphis alone, and no one living off the subsidies now has any incentive to work. Add this up to all the other parts of the country...it's draining us.



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Posted by Scruffy on 12/31 at 12:07 pm to Queen
:inb4sarcastic"poorpeoplelivinggreat"comment:


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Posted by 90proofprofessional on 12/31 at 12:10 pm to Scruffy
quote:

:inb4sarcastic"poorpeoplelivinggreat"comment:

[lisp]if living on welfare it so awesome why don't you do it[/lisp]



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Posted by Zed on 12/31 at 12:12 pm to Queen
quote:

Across the nation, households with an annual income of less than $10,000 lived on average as if they had made $21,000
Motherfrickers.



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Posted by Queen on 12/31 at 12:13 pm to Zed
The article also includes some estimates on how things like drug trade and other illegal/cash-only endeavors affect this.

Cue a discussion on how legalizing drugs would solve our fiscal problems.



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Posted by Bard on 12/31 at 12:15 pm to Scruffy
quote:

:inb4sarcastic"poorpeoplelivinggreat"comment:


Each of those households received an average of $30k. That's untaxed and is more than many working, middle class people bring home after taxes.

The point of welfare is to help people get back on their feet. The point of the article is that it's being used to prop people up.



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Posted by RollTide4Ever on 12/31 at 1:21 pm to Queen
Link?


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Posted by RogerTheShrubber on 12/31 at 1:59 pm to Zed
quote:

Across the nation, households with an annual income of less than $10,000 lived on average as if they had made $21,000

Motherfrickers.



I wonder how much of this aid reaches the actual people it was intended to reach, and how much is overhead.




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Posted by dewster on 12/31 at 3:51 pm to Queen
I saw this. Not surprised at how they "estimated" illegal activity in the hundreds of millions of dollars.


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Posted by beebefootballfan on 12/31 at 3:58 pm to dewster
I live in a poverty stricken neighborhood in memphis and work with inner city kids as party of my internship. I can tell you that these people have no desire to better themselves. Its sad to watch kids indoctrinated into the lifestyle and know that they will never be any different than what their parents are.


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Posted by real on 12/31 at 4:01 pm to 90proofprofessional
I know people who make 100 grand a yr actually over that who get their benefits. Why is this and who do we report frauds to?


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Posted by Patrick_Bateman on 12/31 at 4:03 pm to Queen
quote:

Across the nation, households with an annual income of less than $10,000 lived on average as if they had made $21,000, according to a consumption survey last year of 122,287 households in all income strata by the U.S. Bureau of Labor Statistics.

Fricking wow. Just. . . wow. I shouldn't be surprised anymore, I guess. It's just absurd.

If there were NO government assistance of any kind, I bet people would find a way to get to work really quick.



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Posted by beebefootballfan on 12/31 at 4:04 pm to beebefootballfan
Also in the commercial appeal today was a breakdown of how Shelby County (Memphis) voted in the presidential election. It was pretty telling. Obama split or was in the 60% range in the liberal white midtown, Was upward of 90% in each precint in the poverty stricken minority precints. And in the suburbs which is mainly white he only won 2 precincts and pulled around 30% in the rest.


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Posted by Azazello on 12/31 at 4:05 pm to Queen
Was this in the Commercial Appeal?

Can you post a link?



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Posted by ruzil on 12/31 at 4:08 pm to 90proofprofessional
quote:

[lisp]if living on welfare it so awesome why don't you do it[/lisp]


Let's see, if all workers decided to take your advice, where would the money come from?

You must work in the administration.



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Posted by Revelator on 12/31 at 4:21 pm to Queen
quote:

Article in the city's largest paper breaks down the government aid flowing and propping up the city. We talk on this board all the time about takers vs. makers, but this really put it into a numbers perspective I doubt anyone can dispute.



Hey Pelosi and the Dems tried to tell you things like food stamps and unemployment spur the economy.


This post was edited on 12/31 at 4:22 pm

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Posted by dewster on 12/31 at 4:34 pm to beebefootballfan
That's the case in most delta towns. The ghettos end up culturally bankrupt while the economy leaves them behind.

I work in Memphis and lived in town for a while. Parts of town will seriously start to resemble Detroit within 30 years. I'm not sure I'd buy anything in town that was not between Poplar and Walnut Grove.

The Hickory Hill section is shocking. That part of town was pretty desirable as late as the 1990s. It went from an "okay" area to complete crap within 15 years.

The Mall of Memphis is another interesting story....the whole thing lasted 22 years before crime was so bad that the whole mall had to be shut down. Think about that. 22 years from grand opening to demolition.

The whole Cordova section of town may be next. They were recently annexed and the housing stock contains both single family as well as an abundance of multi family rental housing (much of which is subsidized). The main thoroughfare is developed much the way Florida Blvd or Siegen Lane in Baton Rouge was with way more retail that the surrounding neighborhood can support without being a regional draw. There is nothing appealing there other than the availability of cheap, relatively new, large homes.


This post was edited on 12/31 at 4:39 pm

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Posted by 90proofprofessional on 12/31 at 4:44 pm to ruzil
quote:

if all workers decided to take your advice, where would the money com

the stash, brah



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Posted by Queen on 12/31 at 6:48 pm to 90proofprofessional
Wow I suck and forgot the link this morning.

I'm on my phone so this may show up as a mobile site but here it is: LINK



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Posted by DaGarun on 12/31 at 7:00 pm to Bard
quote:

Each of those households received an average of $30k.

Almost exactly the equivalent of double the minimum wage at $14.42/hr. Why get a job again?



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