tag:blogger.com,1999:blog-7169279.post109778204097042091..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Poverty Crisis in America?Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7169279.post-1102744074136179882004-12-10T22:47:00.000-07:002004-12-10T22:47:00.000-07:00Hey guys ... Tim Worstall is a much bigger "name" ...Hey guys ... Tim Worstall is a much bigger "name" economist than we have around these parts. And he checked in on your blog! Ain't the internet cool? BTW: Tim's blog is just called Tim Worstall, and is in the list of blogs to the left - go check it out.<br /><br />And the great thing about that for me is that he said everything I would!Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1098080269964769072004-10-18T00:17:00.000-06:002004-10-18T00:17:00.000-06:00I have been in the poverty level of income (I'm pr...I have been in the poverty level of income (I'm probably not the only one in class either). I can tell you that for me it was not as bad as you might think. True, there were some luxuries that I went without, but by no means did I consider myself in poverty. In fact, some things were better. For example, it was easier to make sure my kids were insured (Medicaid).Nataliehttps://www.blogger.com/profile/06050860783241112652noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1097792811511187572004-10-14T16:26:00.000-06:002004-10-14T16:26:00.000-06:00A lot of people assume that when minimum wages are...A lot of people assume that when minimum wages are raised, that life gets better for everyone including those people that currently receive minumum wage rates. The truth is that most of the people getting at or slightly above minimum wage base standards are teenagers. The most important point is that small businesses and other corporations will no longer be able to higher as many people as Erniehttps://www.blogger.com/profile/01727480926569919212noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1097789720618472902004-10-14T15:35:00.000-06:002004-10-14T15:35:00.000-06:00You've grasped (sorry, this sounds terribly patron...You've grasped (sorry, this sounds terribly patronising, it isn't meant to) one of the major points: that $36 k a year would sound pretty good to many in other countries. <br />The point is that "poverty" is measured in relative terms, not absolute. If the average US income doubled, and the average income of "poor" Americans doubled, then there would still be just as many poor people in the US Tim Worstallhttps://www.blogger.com/profile/13161727860817121071noreply@blogger.com