Nov 14, 2016
About eight million Californians, or one in five state residents, live in poverty – according to U.S. Census figures released in September.
Perhaps the most disturbing result of poverty is its effect on children, among whom the rate of poverty is higher. Nearly one third of the people who live below the official poverty line in California are children. Growing up in poverty has a devastating effect on a child, because poor nutrition and stress hamper a child’s physical, cognitive and emotional development, affecting his or her entire life.
Six years after the official end of the recession, unemployment remains high in California; wages are low; and companies continue to eliminate jobs, and cut down wages and work hours.
In fact, that’s why profits have recovered so quickly after the recession – prompting pro-capitalist economists to happily declare the “Great Recession” over.
Growing and spreading poverty for the working class in the midst of fabulous, and rapidly growing, wealth for big capitalists. This is how the capitalist system works and will work until the working class finds the way to organize itself for a fight to defend itself.