I wrote in February of 2012 about welfare: Welfare, I’m not hurting from it and neither are you.
I noted the following: but it looks to me like what we spend on welfare is not much more than what the government is spending on just doing the government thingy, unless of course people can’t get a job. Interestingly enough, the share of GDP spent on welfare in 1992 and 2010 is the same. In fact, at the peak of unemployment of the 2001 recession which was 2003, we spent just 0.0098 on welfare.
Understand that 0.0098 is the fraction of our GDP spent on welfare. That is 0.98% of our GDP. I did not include the medicaid/healthcare expenditures.
Of course there was the often heard comment to this article about welfare recipients not contributing. No skin in the game, not contributing, blah, blah, blah….stuff for free. My first response and really the only needed response is “So what?” I mean really Sooooooooo What! Is the welfare person really stopping you from getting your Mercedes?
Well here’s the so what. The Public cost of low-wages in the Fast -food Industry
“Nearly three-quarters (73 percent) of enrollments in America’s major public benefits programs are from working families. But many of them work in jobs that pay wages so low that their paychecks do not generate enough income to provide for life’s basic necessities.”