Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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Using Data, EmbracingOpportunity, and Building

Meaningful Futures

Frances Deviney, Ph.D.

 Associate Director, Research and Planningdeviney@cppp.org

December 5, 2014

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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Let’s beginwith the

facts

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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CPPP.org

 The U.S. added 2 million kidsin last decade

2M

U.S. child pop grew by 2 million between 2000 and 2010 Decennial ens!s data" U.S. ens!s #!rea!

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CPPP.org

Te$as acco!nted for half of that growth%

50%

U.S. child pop grew by 2 million between 2000 and 2010 Decennial ens!s data" U.S. ens!s #!rea!

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22%   22&

25%

17%

22%

 Te$as child po'erty remains consistentlyhigher than U.S.

      (     e     c     e     s     s       i     o

     n

ens!s #!rea! )*ids o!nt Data enter+

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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CPPP.org

ecess on ag c- !rn ng mer ca s,iddle lass /age arners into Low

/age arners

U.S. ob Losses and 3ains D!ring the (ecession and (eco'ery" 20042012" 5ational mployment Law 6ro7ect

89& 99& :9& 19& 9& 29& ;9& <9&

94&

22&

20&

21&

<0&

1=&

>ighwage?cc!pations@21.1;@9;.99Ahr

,idwage?cc!pations@1:.4;@21.1:Ahr

Lowwage

?cc!pations@8.<=@1:.4:Ahr

Recession JobLosses

(eco'ery ob 3ains

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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/hy careabo!t

po'ertyB

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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CPPP.org

Why care about poverty?

$

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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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Texas Failies in !overty

"ery lo#uneployent

$early &% have FT#or'er5&% have ()*e+ree

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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3ood 7obs

6!blic

6ri'ate5onproCt

6artnerships

arlyd!cation

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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Low-Skill OccupationsService oriented, manual labor, security

Traditional Middle-Skill OccupationsWorkers who perform routine tasks that are procedural and repetitive

High-Skill OccupationsWorkers with analytical ability, problem solving, and creativity.

New Middle-Skill OccupationsNew High-skill Occupations

,han+in+ )'ill -ean*s

Source: The Vanishing Middle: Job Polarization and Workers’ Response to the Decline in Middle-Skill Jobs , Didem Tüemen and !onathan Willis, "ansas #ity

$ederal %eserve &ank, '()*.

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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So!rces- S" 6S" ,oody’s nalytics

.

.

d!cational attainment and pro7ected ind!stryre!irements by le'el

,ismatch in Te$as’ Talent 6ipeline

!""""""#

$%""""""#

""""""#

&&""""""#

&'""""""#

()""""""#

%""""""#

&)""""""#

asters Degree or ore !achelors Degree Associates Degree "ess #han an AA Degree

Toorro#/s-ean*

Projected industry

educational

requirements for

all new jobs in

2030

To*ay/s)upply

Educational

attainment of

Texans over 25 years of age in

2010

!ncludes an un"nown number of wor"force certi#cates wit$ labor mar"et value t$at are %art of t$e newminimum&

*

*

0isatch in Texas1 talentpipeline

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CPPP.org

4$

10$

15$

2%$

#& Poverty 'trongly "in(ed to "evel o)

*d+cational Attainment

# in Poverty by Educational +ttainment

Bachelors

degree or

higher 

-ome college,

associates

degree

igh school

graduate,

/includese0uivalency1

2ess than high

school graduate

 A' #able 1-00, 1/ear *stimates 201.

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P'3A 'D omm+nity ollege 6

7rad+ation '+ccess 'tory

(""' (""! (""% ("&" ("&& ("&( ("&3

82.4

-0.2-1.%

-4.9

9-.

-9-%.1

99

4 year grad+ation rate, #*A

%0.1

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Benefits of Pre45 last throughout life

igher Educational +ttainment

igher earnings

Better ealth

2ess Public +ssistance

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52$o) #e:as 4year/olds are

attending

p+blic Pre/;

2012/1, #e:as *d+cation Agency by 4 y.o. pop ; Data enter

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*conomically Disadvantaged (ids <ho <ent to

pre/( did better on their rd grade tests

Passed #A;' rd grade reading Passed #A;' rd grade math

9$ -%$

99$95$

=o Pre/; Pre/;

 Analysis o) #*A 2011 #A;' data by the >))ice o) Rep. i(e ?illarreal

8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity

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hat an 6OU Do

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2E+78 @ )orabetterte:as.orgBdata.html

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Build the Opportunity

Path9ay:

Children enter ;inder ready tolearn

C ore st+dents ma(e it thro+gh the

ed+cation pipelineC *:panded access to

postsecondary ed. and <or()orce

trainin

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