5 Ways to Ease the Pressure on American Working Families
Since the recession hit in 2008, no one has been more vulnerable to the adverse effects of the downtrodden economy than working class families. It’s become harder than ever to raise a family as wages have largely stagnated across most industries, while productivity has risen resulting in more hours on the job and less at home. The cost of living has also increased dramatically over the past two decades, along with the price of fuel, food, and education.
To illustrate the struggle, Paris-based think tank OECD recently released its annual economic survey, which takes a broad look at the overall economy for the United States. The survey goes into detail about a lot of different slices of the economic landscape, including energy, government spending, and quality of life. One other important aspect the survey examines is the family unit and the problems facing modern families in the 21st century.
The survey’s results were not incredibly surprising. Chief among them were interesting tidbits including that the U.S. tax system is highly detrimental to economic growth, natural gas and hydraulic fracturing are showing a lot of promise, and that America lags way behind most other developed nations in public support services. The overall lack of support for working families is a huge problem, and one that ends up placing burdens on not only the families themselves, but employers and taxpayers.
Here are five ways policy makers and legislators can help ease the burden on working families, and the methods prescribed by the OECD in their most recent economic survey for the United States.