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Monday, February 12, 2001

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  • Homelessness and Poverty On the Rise, with Worse to Come

    Every day, headlines announce the end of the boom economy. But for many in America, the crucial question throughoutthe Clinton administration was "What boom?" Welfare-to-work programs never delivered the promised ladder up; andminimum-wage jobs keep many mired in poverty. At the same time, those who grew rich on stock market and dot-comprofits drove rents and real estate out of reach for most poor people. Every year, since 1994, housing costs haveincreased at a rate 40 percent greater than inflation. Now, there is no state where a minimum wage job allows aperson to rent a two-bedroom apartment.

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    Following weeks of protests over economic austerity measures, the Confederation of Indigenous Nations of Ecuador(CONAIE) last week reached an agreement with the government.