“Let’s take the example of a single mom with two kids, 1 and 4. She has a $29,000 a year job, putting the kids in daycare during the day while she works. As the above chart – via Gary Alexander, Pennsylvania’s secretary of Public Welfare — shows, the single mom is better off earning gross income of $29,000 with $57,327 in net income and benefits than to earn gross income of $69,000 with net income & benefits of $57,045. It would sure be tempting for that mom to keep the status quo rather than take the new job, even though the new position might lead to further career advancement and a higher standard of living.”
Why a single mom is better off with a $29,000 job than a $69,000 job
- Post author:The Freedom Watch Staff
- Post published:September 6, 2013
- Post category:Network Archives / The Freedom Watch
Tags: Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, Economics, Essays, for life and liberty, Middle Class Dismissed, Perverse Incentives, Resistance, sound money, The Freedom Watch, war on poverty, Welfare-Warfare State
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