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Harvard gets $2-million grant to study poverty
By adamg on Fri, 10/14/2016 - 9:20am
Wonder if the researchers will look at the impact of paying workers a living wage on reducing poverty rates.
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Not paying taxes on acres and
Not paying taxes on acres and acres of land might have something to do with it as well. Or taking $35 billion out of the economy and hoarding it.
You forgot about their shell
You forgot about their shell corporations and charging expensive tuition, to pay sometimes professors whose only qualifications are political connections, such that poor students can't afford to go to school there.
Endowment hoarding and running what amounts to to a real estate and investment fund shielded from normal taxation and oversight is a big deal. At least some of Yale's administration owned up to this fact. Harvard not so much.
There are a lot of things to yell at Harvard about (part 2)
But financial aid is not one of them. If your family earns less than $65,000 per year, your parents pay nothing for you to attend Harvard.
There are a lot of things to yell at Harvard about
But that's not how a college endowment works.
You mean, the cash is
You mean, the cash is actually invested as capital in companies and real estate and not just sitting in a vault under Cambridge?!?
Investments
FYI: Harvard doesn't have a huge mattress with $35 billion under it. The $35 billion is actively in the economy due to investments.
Pointless snark
Harvard dining workers make on average $21.89 / hour, which is above the living wage of $15.04 / hour in Cambridge; and a helluva lot more than they would make if they were working in a regular food service job.
Are we saying that Harvard shouldn't do any research until it settles this strike? Or shouldn't be able to accept any grant money? That's just silly.
https://www.cambridgema.gov/~/media/Files/personneldepartment/living%20w...
https://www.thecrimson.com/article/2016/10/12/facing-financial-constrain...
How is $15.04 a living wage in Cambridge?
If you are lucky enough to score subsidized housing and subsidized medical insurance, and your kids get a free ride for school, then $15.04 is a 'living wage' in Cambridge.
If only...
Most HUDS workers don't get year round work and are disallowed from collecting unemployment during summer and winter breaks. The average HUDS worker actually takes home less than $35k/year.
If you want to look at living wage rates,a living wage in Boston/Newton/Cambridge for a single parent is $55,895.
http://livingwage.mit.edu/metros/14460
Aside from what other posters have said -
$21.89 is only an average hourly rate. And aside from that, the Globe wrote, last year, I believe, that one has to make a minimum of $80K to be able to live in Boston and that is about $38.00 bucks per hour. I'm sure that Cambridge is not too far behind, at least to live in certain sections.
So...
Food service workers should make $38.00 an hour?
Is that before tax or after
Is that before tax or after tax? Probably will have a little over half of that left after tax.
Henry Louis Gates????
Totally above board, not a grifter. never trading on race and the Harvard imprimatur to feed his own empire and ego?
This Henry Louis Gates:
http://www.npr.org/2015/06/25/417516353/henry-louis-gates-apologizes-ove...
Nothing to see here folks, move along.
Slight correction
$10 million, not $2 million.
$2 Mil. is correct
The $10 million grant is total funding to the think tank, $2 million is specifically targeted to the study of poverty.
Only $2 million?
Only $2 million? I feel better now...
I'm torn on this one
It makes sense to learn about the details of the root causes of poverty if we want to try to work to improve the lives of the poor. We don't really know everything, although there are a million simple (and typically wrong) assumptions about what's wrong and how to fix it.
With that said, I worry that this $10 million (according to the Globe) will pay for a lot of people to poke around for a few years without really coming up with solid, actionable steps that will really help.
GI Joe
Knowing is half the battle!
But uh, that leaves the other half, of taking that knowledge and trying or being able to apply it.
Alternatively,
would it not be great if Harvard donated the 2 million to organizations that are helping to fight poverty now.
A study would allow them to
A study would allow them to see what does and doesn't work in fighting poverty. The Great Society spending on a War on Poverty since LBJ has been largely a massive and costly failure because the funds haven't been shifted to the most successful programs.
Graduate Student Support Is Good, Too
Don't know anything about this project. But at universities, most research funding supports graduate students doing the 'real work'. If it does that, a reduces their need to take on debt, that's a good thing.
What
They have billions... why are they pulling grants
That's how you get billions.
That's how you get billions.
You have no clue
Go figure out how academic and research funding works. Then report back.
Both links within the headline comments
...point to a tweet and a Boston Globe article that state Harvard got $10 million, not $2 million...
Yeah, was a little confusing
The guy gave $10 million, but $2 million of that was specifically for studying poverty.
Here's the email that was sent out by VP of HR @ Harvard
Living Wage?
And how much an hour does dear Marilyn rake in?
Is this an Onion headline??
Is this an Onion headline??
Well after all, this work is
Well after all, this work is needed. I mean no one has ever 'studied' poverty before. I'm sure the eggheads at Harvard will discover new things we never imagined.