skip to main content
skip to newscasts

Monday, July 15, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

President Joe Biden calls on the nation to 'lower the temperature' on politics; Utah governor calls for unity following Trump assassination attempt; Civil rights groups sound the alarm on Project 2025; New England braces for 'above-normal' hurricane season.

view newscast page
play newscast audioPlay

Former President Trump is injured but safe after an attempted assassination many condemn political violence. Democrats' fears intensify over Biden's run. And North Carolina could require proof of citizenship to vote.

view newscast page
play newscast audioPlay

Enticing remote workers to move is a new business strategy in rural America, Eastern Kentucky preservationists want to save the 20th century home of a trailblazing coal miner, and a rule change could help small meat and poultry growers and consumers.

Wealth & Income Gap Growing Quickly

play audio
Play

Friday, November 16, 2012   

CHARLESTON, W.Va. – A new study based on census figures shows the gap between the rich and poor continues to grow quickly. Analysts say it's becoming a serious issue for the economy as a whole.

Stuart Frazier, an analyst with the West Virginia Center on Budget and Policy, says the figures show the gap has grown even faster than average here. He says by one measure the distance between the state's rich and poor households has doubled in 30 years.

"Families in the top 5 percent, their income is about 10 times as large as the poorest 20 percent of West Virginians."

Economists stress that rising inequality is not inevitable, that the gap between rich and poor actually fell between World War Two and 1970. And they say it also fell for a brief period during the economic growth of the late 90s. They say part of that was due to Clinton era tax policies and a rise in the minimum wage.

According to Elizabeth McNichol, a senior fellow with the state fiscal project of the Center on Budget and Policy Priorities in Washington, the gap has grown nationally for three decades, but has become worse in the last 10 years.

"When the economy has grown, the lion's share of that has gone to households at the top. What we've seen in the last decade is that the incomes of the households at the bottom are actually declining."

McNichol says inequality is bad because it makes the economy less flexible. And she says people who work hard and play by the rules should be rewarded.

"There's a question of fairness. The economic growth comes from the contributions of people in all walks of life. When your place on the income scale determines whether you get rewards for that work, then that's a problem."

She says education, job training and tax policies at the state level can make a big difference.

"Assistance in childcare, job training, transportation, health insurance can help families get jobs and move up the income scale."






get more stories like this via email

more stories
"I truly love our Country, and love you all, and look forward to speaking to our Great Nation this week from Wisconsin," wrote Former President Donald Trump on social media. (Gage Skidmore/Flickr)

Social Issues

play sound

Gov. Spencer Cox is calling for unity as well as the condemnation of political violence in light of the assassination attempt on former President …


Environment

play sound

Last week, the Senate Environment and Public Works Committee heard testimony on the state and federal response to the collapse of the Key Bridge…

Environment

play sound

Forecasters are warning New Englanders to prepare for an "above-normal" number of hurricanes this summer. Hurricane Beryl was already the strongest …


Line 5, an Enbridge pipeline that was built in 1953, runs for 645 miles from Wisconsin, under the Straits of Mackinac, through Michigan to Sarnia, Ontario. (Jorge Moro/Adobe Stock)

Environment

play sound

A Michigan environmental group is addressing an appeal challenging the state's decision to approve the enclosure of the Enbridge Line 5 pipeline…

Social Issues

play sound

Civil rights groups are sounding the alarm about potential threats to American democracy posed by Project 2025, a roadmap created by the Heritage …

In a 2024 report from the National Education Association, South Dakota ranked 49th in the U.S. for average teacher salary, at about $53,000 a year. (Adobe Stock)

Social Issues

play sound

A coalition of South Dakota groups is voicing its opposition to a ballot measure intended to end a state sales tax on consumables. If passed this …

Social Issues

play sound

North Dakota officials will highlight a new project today to boost childcare access for parents with nontraditional work hours. A local provider …

Social Issues

play sound

With just over a month before Indiana university students return, a new law affecting college professor tenures is in full effect. The law targets …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021