"Inside" Info: briefs, happenings, opinions and stuff
January 6, 2012
Marketplace, American Public Media quote: --Reihan Salam, policy advisor for e-21, an economic think tank
Think about the roughly 600,000 ex-offenders who leave prison every year. They tend to live in high-crime,
high-poverty neighborhoods, where job opportunities are scarce. And in a slack
labor market, employers are reluctant to hire them. Just listen to these
findings from a Pew Economic Mobility Project report. Serving time
reduces hourly wages for men by approximately 11 percent and yearly earnings by
40 percent. Lower earnings mean lower savings. Lower savings mean that
ex-offenders rarely have the assets they need to climb the economic
ladder. For full commentary, visit http://www.marketplace.org/topics/economy/commentary/-what-now-crime-economy
Marketplace, American Public Media quote: --Reihan Salam, policy advisor for e-21, an economic think tank
Think about the roughly 600,000 ex-offenders who leave prison every year. They tend to live in high-crime,
high-poverty neighborhoods, where job opportunities are scarce. And in a slack
labor market, employers are reluctant to hire them. Just listen to these
findings from a Pew Economic Mobility Project report. Serving time
reduces hourly wages for men by approximately 11 percent and yearly earnings by
40 percent. Lower earnings mean lower savings. Lower savings mean that
ex-offenders rarely have the assets they need to climb the economic
ladder. For full commentary, visit http://www.marketplace.org/topics/economy/commentary/-what-now-crime-economy
