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Detailed text transcripts for TV channel - MSNBC - 20130506:16:22:00

than $2 per person per day. has that been exacerbated in the last two to three decades as wage stagnation and declining membership in union and all sorts of other things that used to be institutions that protected the working poor and the working middle class? as those have declined, their power has declined. have the levels of extreme poverty gone up? so it s kind of interesting in the united states. when you look at the basic federal poverty line, which is 11,000 or $12,000 for a person over the course of a year, you ve seen a great expansion of poverty through the recession. and it really hasn t come down. but you know, in the united states, there s kind of a floor that we set. there s a safety net that exists here because the economy is so developed. and so, yes, you ve seen this dramatic increase in poverty. a lot of it has to do with the fact that wage groups have been so terrible at the bottom and the fact that you ve seen such great returns to things like higher education, if

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