5 economics factors Essay Example | Topics and Well Written Essays - 1250 words

5 economics factors - Essay ExampleDifferent economic factors in the US contribute to or smear the gender gap in state economy.In 1935, the government policy, Aids to Families with Dependent Children (AFDC), was implemented and its main target was the single mothers and the low-income families. The conditions for qualification of this aid were that, the place families had to be poor, except the single mothers who were totally considered. This policy involved aid to such families. The aid came in the form of pecuniary assistance, provision of free checkup care, food donations, and subsidies on housing. This policy however raised a number of controversies. It was thought to result in an increased dependency of the poor in society. This would overly discourage the poor from looking for employment and means of self-dependence. Finally, this would discourage people from getting marriage and thus increasing the number of single mothers. This was proved inefficacious in ensuring a po verty-free society. Nonetheless, this policy was beneficial to women during its short operational period.In 1996, another policy of poverty eradication was implemented as a replacing of the AFDC. This was the Temporary Assistance to Needy Families (TANF). This policy was funded by different states, unlike the AFDC, which was wholly funded by the federal government. In 2008, this policy was amended and required all single mothers to work a minimum of thirty hours in a week. The main argument for this proposition was that, most mothers in dual income families went to work, therefore, the single mothers also were expected to work. In addition, unlike the AFDC, this policy had a time limit of five years. Since this program was temporal, it aimed at equipping the low-income families with enough resources to help them solve their financial problems and establish themselves financially in the