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Wednesday, December 10, 2008

Top Australian CEOs snub Government wage freeze plan

The Poverty Business) Raised in Detroit and now living in Atlanta, he never got past high school. He started work in the early 1960s at Ford Motor Co.'s hulking Rouge plant outside Detroit for a little over $2 an hour. Later he did construction, rarely earning more than $25,000 a year while supporting five children from two marriages. A masonry business he financed on credit cards collapsed. None of his children have attended college, and all hold what he calls dead-end jobs. Whether some lives are hard life is not the point. Whether they are unnecessarily expensive is very much the point. We don't expect that. Most of us don't even know it. Vince always worked hard and was never jobless, but it’s expensive raising five kids on $25 grand and somehow they all missed out on college, reinforcing the cycle of poverty. read more

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