Men at work in New York City. “The most fundamental cause of economic poverty,” said Richmond’s 2013 poverty commission report , “is inadequate access to remunerative employment — that is, to good, steady jobs.”
The absence of work causes other kinds of poverty, too. As Harvard economics professor Edward Glaeser points out in a new article for City Journal , “jobless husbands have a 50 percent higher divorce rate than employed husbands.” The loss of a job inflicts a much greater degree of unhappiness than a reduction of income does. A loss of income likewise causes much less divorce, and […]
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