Monday, October 01, 2012

REDUCING INEQUALITY; CUTTING THE COST OF GOVERNMENT



1. "Money spent on early childhood yields higher returns than in any other phase of life.

"It can also reduce galloping inequality."

(Why three is the magic number - Simon Kuper, Financial Times, 28 September 2012)

Romney. Photograph: Evan Vucci/AP...

2. "You can make a (pretty good) argument to say that rising inequality, in the form of falling real wages for the 99 per cent, left consumers with no power to consume unless they borrowed to do so - another big contributory factor in the financial crisis."

(The day that really changed the world - Merryn Somerset Webb, Financial Times, 28 September 2012.)

It pays to pay people well, and it pays to spend money on infants.


Infant Mortality Rates are high in the USA.

3.  Mitt Romney referred to the 47 per cent of Americans who rely on handouts from the government.

If Romney wants to improve the situation, he needs to think about infants.

A modest investment in infants means that governments can eventually spend less on prisons, mental hospitals, and welfare handouts.


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4. Let's look at 'Why three is the magic number' by Simon Kuper

According to Simon Kuper:

There has been research into the 'stimulation' of infants.

Health workers made weekly visits to a group of poor mothers and infants.

They were given extra milk, books and toys.

The mothers were coached in playing and chatting with their kids. 

By their late teens, these 'stimulated' children, compared to their peers, had:

Higher IQs,

Better mental health, and

Lower rates of crime.

And today, the previously stimulated infants appear to be earning higher wages than their peers.



According to Harvard University’s Center on the Developing Child: "In the first few years of life, 700 new neural connections are formed every second."

Neural connections build 'brain architecture'.

By age 3, the average American child of college-educated parents knows 1,200 words.

By age 3, the average child of parents on welfare knows about 400 words. 


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According to James Heckman, the Nobel-winning economist, early-childhood 'investment' boosts future health, productivity and equality, while also reducing crime.

Professor Grantham-McGregor, of University College London, says:

"I found in Jamaica that the moment parents realise stimulating infants  matters, they become quite keen to do it." 

Pakistan’s 'lady health visitors' are achieving great results, she says.

Peru has a similar programme. 

A modest investment in infants means that governments can eventually spend less on prisons, mental hospitals, and welfare handouts.

3 comments:

Anonymous said...

http://www.dailymail.co.uk/news/article-2210433/Father-shot-dead-prepared-evidence-men-accused-kidnapping-Pakistan.html

http://www.dailymail.co.uk/news/article-2210592/Esther-Rantzen-We-colluded-Jimmy-Saville-child-abuser.html

http://www.dailymail.co.uk/news/article-2210087/Ronnie-Barkers-son-faces-jail-1-600-child-porn-pictures-home-years-run.html

Anonymous said...

http://www.huffingtonpost.com/2012/09/29/yulia-tymoshenko-ukraine_n_1925240.html

farmland investment funds said...

Great post. But it will no doubt be opposed by the prison guards union and the private prison building industry!

 
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