A Pre-Labor Day Look at the State of Working Pennsylvania
Friday, August 31, 2012
HARRISBURG, Pa. – Just before Labor Day, a new report indicates when it comes to earning power, the typical middle-class household in Pennsylvania isn't getting ahead – and may not even be getting by.
Mark Price, a labor economist with the Keystone Research Center, is a co-author of the State of Working Pennsylvania 2012.
"Pennsylvania has gone through really a 'lost decade,' where the typical family has less income today than they did in the year 2000."
A fundamental component of the problem, explains Price, is that when the economy is expanding and showing signs of growth, the benefits aren't trickling down from the top.
"Those at the very top, the top one-percent in Pennsylvania, they captured really 74 cents out of every dollar of income in 2010, and that's a really shocking number."
Adopting economic policies that have the best interest of the middle-class in mind, can, in short order, help cushion the blow of high unemployment and slow growth, he says.
"Things like investment in infrastructure, preventing state and local governments from laying off substantial numbers of teachers and first responders – those are the kinds of things in the short run that really, we need to be doing."
Price says the report answers the question of why many Pennsylvanians are spinning in their tracks. He says high unemployment in the state continues to lead to lower wages, as it did last year. He adds austerity measures at the federal and state levels have added to Pennsylvania's job shortage in the past year by nearly 75,000.
See the full report at keystoneresearch.org.
get more stories like this via email
BALTIMORE, Md. -- Maryland civil rights groups are proposing a lawsuit against Baltimore County if it adopts its current redistricting plan, claiming …
LINCOLN, Neb. -- Nearly seven in ten Americans say billionaires are not paying their fair share in taxes, according to a new survey. Among likely …
BISMARCK, N.D. -- Over the coming weeks, North Dakotans will be clicking the "purchase" button as they order holiday gifts online, and fraud experts …
GREENE, Iowa -- The proposed Build Back Better bill is getting attention for a host of funding possibilities, including one area flying under the …
MADISON, Wis. -- In a four-three decision this week, the Wisconsin Supreme Court backed a "least-change" approach to redistricting in the state…
OXFORD TOWNSHIP, Mich. -- Michiganders are mourning the loss of four students after this week's school shooting at Oxford High School, and advocates …
WALNUT CREEK, Calif. -- Labor protests and strikes are on the upswing this fall, compared with 2020 when everyone hunkered as the pandemic closed …
CONCORD, N.H. -- With the holiday shopping season under way, experts are urging Granite Staters to watch out for scammers. A survey from AARP found …