Definition
The distribution of the civilian labor force (employed or unemployed) categorized by their poverty status (i.e., whether their income falls below the poverty threshold).
Why It Matters
Directly highlights the phenomenon of the "working poor" – those who are part of the labor force but still live in poverty. It also identifies unemployed individuals in poverty. This is crucial for understanding economic hardship despite labor market engagement.
Specific Relevance for Professionals:
Marketers
Helps identify segments of the labor force who are in poverty, influencing product development for essential goods, value brands, or services related to job training to increase earnings.
Researchers
Fundamental for studying labor market disparities, the effectiveness of minimum wage policies, and the challenges faced by individuals who are employed but remain in economic hardship. It provides insights into income inadequacy within the workforce.
Consultants
Useful for advising clients on workforce development programs, social impact initiatives, or services aimed at supporting the working poor to improve their economic well-being through employment.
Public Policy Workers
Critical for informing policies related to minimum wage, earned income tax credits, and social safety nets designed to support individuals who are part of the labor force but still face poverty. It ensures policies address the needs of those actively seeking or performing work.
