from Harper's WEEKLY: >Welfare rolls were growing for the first time in a dozen years;... and companies including FedEx, Motorola, General Motors, and Resorts International were forgoing contributions to employee 401(k) plans. "It has been a grand experiment," said an economics professor of employee-investment plans, "and it has failed."<
Speaking of failed experiments, the successful operation of the "end of welfare as we know it" (TANF, temporary aid for needy families, replacing AFDC, aid to families with dependent children) seems predicated on the general and relatively steady increase of low-wage employment. If so, it's quite likely that TANF will break in the near future. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
