Wednesday, January 4, 2012

New MassBudget Report: The State of Working Massachusetts

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The State of Working Massachusetts 2011 
For workers across the country, 2011 was yet another year of economic struggle. MassBudget's end-of-year assessment, "The State of Working Massachusetts 2011," shows that while Massachusetts has shared in this hardship, it also differs in some significant ways.
  • Our economy is performing better than the rest of the country.  In 2011, Massachusetts workers earned higher wages and Massachusetts families experienced less poverty than their peers in other states.
  • We have the best-educated workforce in the U.S. Over the past thirty years, the percentage of our workers with a four-year college degree has more than doubled. And those gains in education have helped make us one of the highest-income states in the nation.
Unfortunately, there is one area where Massachusetts looks very much like the nation as a whole: inequality. Using the very latest data, we show that in Massachusetts, as elsewhere, the gap between the highest-earners and everyone else has been increasing over time.

MassBudget provides independent research and analysis of state budget and tax policies--with particular attention to the effects on low- and moderate-income people.

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