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Poverty, the Safety Net, and Building a More Inclusive Economy

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Presentation on theme: "Poverty, the Safety Net, and Building a More Inclusive Economy"— Presentation transcript:

1 Poverty, the Safety Net, and Building a More Inclusive Economy
November 2, 2018 Sarah Bohn

2 The economy is booming in California
Source: Bureau of Labor Statistics.

3 The economy is booming in California
#6 in economic growth Source: Bureau of Labor Statistics.

4 But poverty is high, as is the income divide
#50 in poverty Source: PPIC-Stanford California Poverty Measure estimates, 2012–2015.

5 Income growth has been slow (or negative) for the bottom half
Source: PPIC calculations from Current Population Survey data, based on family income in California, normalized for family size and adjusted for inflation.

6 Job opportunities in California will remain polarized
Projected Job Growth Rank Occupation Median Annual Earnings 1 Personal Care Aides $24,419 2 Combined Food Preparation and Serving Workers $24,193 3 Software Developers: Applications $123,085 4 Laborers and Freight, Stock, and Material Movers $28,396 5 Registered Nurses $102,288 6 Waiters and Waitresses $25,818 7 General and Operations Managers $113,686 8 Market Research Analysts, Marketing Specialists $71,473 9 Carpenters $55,361 10 Medical Assistants $35,642 Source: California Employment Development Department, projections.

7 What can or should government policy do?
Source: PPIC Statewide Survey, May 2017.

8 What can or should government policy do?
Safety net programs: Reduce poverty and inequality by 40% Largely contingent on work…and support a working poor population in California Potential to address barriers to mobility Source: PPIC Statewide Survey, May 2017.

9 What can or should government policy do?
Safety net programs: Reduce poverty and inequality by 40% Largely contingent on work…and support a working poor population in California Potential to address barriers to mobility Education and training: Achievement gaps are driver of disparate economic outcomes Major area of new state investment Must expand career pathways Source: PPIC Statewide Survey, May 2017.

10 Poverty, the Safety Net, and Building a More Inclusive Economy
November 2, 2018 Sarah Bohn


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