Every $100 given directly to the poorest households was generating between $250 and $270 in GDP. That’s a fiscal multiplier in the range of 2.5 to 2.7 18 months after the money was spent — a huge number by global standards.
Here’s how the process works: Developers accept public money to build these projects to house the homeless – either “bridge housing,” or “permanent supportive housing.” Cities and counties collect building fees and hire bureaucrats for oversight. The projects are then handed off to nonprofits with long term contracts to run them. That doesn’t sound so bad, right? The problem is the price tag.
Ostensibly, for the past ten years, our economy has been recovering from the 2008 collapse. During the past few years, our comeback seems to have gained momentum. All the official indicators say we’re back in boom times, with a bull market, low unemployment and steady job growth. But there is an alternative set of data that depicts a different America, where the overlooked majority struggles from month to month.
On Christmas Eve in 2013, an out-of-work welder named Rex Iverson was rushed to a Utah hospital. He survived, but was hit with a hefty bill for the ambulance ride. There is a widespread assumption that that indigent patients never have to pay emergency room bills they can’t afford, and instead the cost is passed on to those with insurance. But in fact, companies and municipalities pursue such debts aggressively.
So begins a two-week journey into the dark side of the American Dream. The spotlight of the UN monitor, an independent arbiter of human rights standards across the globe, has fallen on this occasion on the US, culminating on Friday with the release of his initial report in Washington.Advertisement His fact-finding mission into the richest nation the world has ever known has led him to investigate the tragedy at its core: the 41 million people who officially live in poverty. Of those, nine million have zero cash income – they do not receive a cent in sustenance.
Adjunct professors in America face low pay and long hours without the security of full-time faculty. Some, on the brink of homelessness, take desperate measures. “I feel committed to being the person who’s there to help millennials, the next generation, go on to become critical thinkers,” she said. “And I’m really good at it, and I really like it. And it’s heartbreaking to me it doesn’t pay what I feel it should.”Sex work is one of the more unusual ways that adjuncts have avoided living in poverty, and perhaps even homelessness.