NYC Homelessness Record High Despite Falling Unemployment Rate
Posted by Tyler Durden on January 6, 2017 11:30 pm
Tags: Academia, apple, Big Apple, Economy, home, homelessness, Housing, humanitarian aid, new york city, Poverty, Recession, Social Issues, Socioeconomics, Street performance, Structure, unemployment
Categories: Academia apple Big Apple Economy home homelessness housing humanitarian aid new york city Poverty Recession Social Issues Socioeconomics Street performance Structure unemployment
Salil Mehta at Statistical Ideas investigates the homeless rate in New York City. Mehta notes the streets are flourishing with a severe homelessness problem that’s escalating briskly despite a falling unemployment rate.
Please consider a The Empire City of Homelessness.
Annual Growth Rate of Homeless
Record High Homeless
Note the huge surge in homelessness after the Great Recession ended.
Curiously, New York City is also the only place in the U.S. required to provide temporary housing to anyone needing it. Yet as homelessness rises across big cities nationally, it rose at the fastest clip in the Big Apple.
War on Homelessness
Mehta wisely avoids offering solutions. “We don’t provide any strong remedy for such a complex and expensive social issue,” says Mehta.
The government-sponsored war on poverty failed as have all sorts of other ridiculous wars, including real wars.
Moreover, the war on terror has turned into a war of terror.
— Mike Mish Shedlock (@MishGEA) January 5, 2017