The geography of joblessness - 0 views
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Brennan H on 23 Oct 14A study from the Brookings Institution, a think-tank, finds that poverty in America has become more concentrated over the past decade. During the 2000s the number of neighborhoods with poverty rates of 40% or more climbed by three-quarters. Poverty is rising in the suburbs however, and it might be because of inaccessability to good jobs - not the other way around. People cannot find jobs and although USA is 5% unemployed, inner cities and specifically black communities have a 40% unemployment rate. People are trying to get work too, there just isn't a supply of enough jobs - personally I think this is due to outsourcing, if everything just stayed in the USA then we would have thousands of more jobs available. The problem at hand is a falling in availability of jobs, along with an increased population and people searching for jobs. Due to companies trying to make more money, we have outsourced most of our available jobs in elastic goods to other countries. In this way we have ruined the economy for ourselves, or at least big companies have. Inelastic products do not have this same issue, yet they still outsource because they are greedy. Pretty crazy to think about. Perhaps if everything cost a bit more money, and we weren't allowed to outsource, then the PED would go down and people would pay more for goods because they would have more money to spend due to increase in number of workers.