Education

What A Personal Finance Class In NC Will Not Teach

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In June of 2019, the NC Senate passed HB 924 by an overwhelming majority. Then Lt. Gov. Dan Forest – who championed the bill – in one of his rare statements about actual public education other than bathrooms, vouchers, and his love for charter schools tweeted the following:

forest1

While this “bill” might seem like a winner on the surface, there were many reasons for the NCGA House chamber to consider not passing it. One was that it wouldn’t cover some of the glaring aspects of the personal finance challenges that many students will encounter.

  • Systemic Poverty.
  • Over 20% of the students in NC public schools are at or below poverty levels.
  • Student Loan Debt.
  • Racial disparities in economics.
  • Refusal to expand Medicaid when it costs NC next to nothing.
  • Why so many tax breaks are given to corporations that affects social services funding.

But will it ever talk about the concept of a minimum wage?

From NPR today:

Of course, North Carolina is not one of those states. The Winston-Salem Journal stated that it has been 14 years since the state has entertained raising the minimum wage in NC.

Within that report, one of Forsyth County’s state senator’s brushed aside the need to have a raise in the minimum wage.

“There is little discussion of minimum wage hikes in the current environment,” said Sen. Joyce Krawiec, R-Forsyth.

“There is a huge workforce shortage and minimum-wage employees are practically obsolete. The market has increased pay for all workers and minimum wage issues are not currently a problem.

“This appears to be looking for a solution to a problem that doesn’t exist,” Krawiec said.

This comes from the same person who famously tweeted this about women who participated in the 2017 Women’s March.

So, 23 states that don’t have enough “lard” to “grease a skillet” just enacted “a solution to a problem that doesn’t exist” in her mind.

Sounds like the senator should be teaching a personal finance class.



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