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Friday, January 29, 2016

The Obama Legacy -- The Recovery -- If One Can Call It That -- On The Backs Of Workers -- January 28, 2016

CNN is reporting:
Median wages declined in 80 of those cities between 2009 and 2014, according to a new study released Thursday by the Brookings Institution. The wage declines were more pronounced among minorities than whites. Also, the wage gaps widened between races in cities with economies that ranked high overall.
So while almost all of the top 100 cities grew and prospered between 2009 and 2014 on some measures, many struggled to create a more inclusive or stronger economy.
Only eight cities out of the largest 100 saw median wages and employment rates rise while its poverty rate fell.
"I was surprised by how few metro areas saw improvement in each of the three measures of economic inclusion," said Richard Shearer, one author of the Brookings report. The three metrics of "economic inclusion" in the Brookings report were: change in median wages, its poverty rate and its employment rate. 
So, what were the eight? As usual, that information was not provided. I assume they were Williston, Watford City, Dickinson, Stanley, Alexander, Minot, Crosby, and Killdeer, all in western North Dakota.

By the way, any increase in wages this year will not come close to matching the ObamaCare premiums now mandated for everyone.

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