Food stamp usage has climbed to new highs in the U.S. with over 40mn subscribers–roughly 15% of the total population–as of this morning’s release for March. The rise in volumes coincided with an explosion in costs for the program to $5.4bn/month from $3.6bn/month at the start of 2009. Surging food stamp use or what is referred […]
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wages
As a quick exercise I wanted to put into perspective the magnitude of California’s requirement for state employees to take three days of furlough a month. The average state employee in California earns US$65,000 per year. This program will impact roughly 210,000 of the states 359,000 employees. This means over the course of one year […]