Friday, June 5, 2015

MassBudget: The State of Working Massachusetts

MassBudget  Information.
 Massachusetts Budget and Policy Center  Democracy.

The State of Working Massachusetts

Our state economy is growing. The state unemployment rate is at its lowest level since 2008: 4.7 percent. And yet, despite this very real progress, our economy is not working for everyone - or even for most of us. The median wage is lower today than it was a decade ago and poverty is higher, even though our economy has grown substantially. Fixing that disconnect - the failure of economic growth to lead to an improving standard of living for working people - is the core economic policy challenge facing our state and our country.

To read the full State of Working Massachusetts report, click HERE

There are a number of policies that could be pursued at the national level to restore real wage growth and begin to build broadly shared prosperity. Massachusetts also can do a lot to expand economic opportunity and improve the lives of working people and families. The State of Working Massachusetts explores the well-being of our people and the strengths and weaknesses of our state economy. With the best educated workforce in the country we have the highest median wage. But across the income spectrum, wages have stagnated while income growth is concentrated among our very highest income households. That's a problem that state and federal policies need to address. 

In addition to covering issues of wages and incomes, the various sections of The State of Working Massachusetts discuss the jobs situation in our state, poverty and child poverty, and the important role education plays in all of these areas. Throughout the report, we present data available from the U.S. Census Bureau, U.S. Department of Labor, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics and others. We invite you to read more about all of these topics and to explore the many other issues we cover and reports we provide on the MassBudget website.

The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts.

BOSTON, MA 02108

Massachusetts Budget and Policy Center | 15 Court Square | Suite 700 | Boston | MA | 02108

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