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Why America Lost the War on Poverty—and How to Win it$
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Frank Stricker

Print publication date: 2007

Print ISBN-13: 9780807831113

Published to North Carolina Scholarship Online: September 2014

DOI: 10.5149/9780807882290_stricker

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Statistics and Theory of Unemployment and Poverty

Statistics and Theory of Unemployment and Poverty

Lessons from the 60s and the Postwar Era

Chapter:
(p.101) Chapter Five Statistics and Theory of Unemployment and Poverty
Source:
Why America Lost the War on Poverty—and How to Win it
Author(s):

Frank Stricker

Publisher:
University of North Carolina Press
DOI:10.5149/9780807882290_stricker.9

This chapter examines whether unemployment in the United States during the 1960s and early 1970s was much higher than generally assumed, whether unemployment was a major cause of poverty, and whether capitalism alone can cure poverty. It also assesses the impact of the labor market on income shares and on the bargaining power of employees. In addition, the chapter considers whether social handicaps led to poverty and whether economic growth can eliminate unemployment and poverty. It argues that unemployment rates were high even in the boom times of the 1960s. Finally, the chapter analyzes the effects of racism, sexism, and other forms of prejudice on the incomes and employment opportunities of women and minorities.

Keywords:   unemployment, United States, poverty, capitalism, labor market, income, bargaining power, social handicaps, economic growth, racism

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