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President-elect joins Musk for SpaceX launch and taps Dr Oz for a key role; NYC congestion pricing revived with some alterations; NV progressive groups warn of fallout from 2nd Trump presidency; IN librarians fear book bans in 2025.

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Mail-in ballots with envelope errors will not be included in the Pennsylvania Senate race recount, Trump taps celebrity doctor Mehmet Oz to oversee Medicare and Medicaid, and Senate Democrats want a vote on ending arms shipments to Israel.

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Lower voter turnout in cities, not the rural electorate, tipped the presidential election, Minnesota voters OK'd more lottery money to support conservation and clean water, and a survey shows strong broadband lets rural businesses boom.

Report: Arizona Income Growth Sluggish Since 1979

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Monday, February 24, 2014   

PHOENIX - Income for Arizonans expanded by just 17 percent between 1979 and just before the Great Recession hit late in 2008, according to a new report. That isn't an incredibly healthy growth rate for a span of almost 30 years, and when the Economic Policy Institute examined the numbers by income level, it found most of the money went to the top 1 percent of earners.

According to Mark Price, who co-authored the report, worker productivity is at its highest level - but most workers aren't sharing in the prosperity.

"The bottom line is that if they're not taking it home in their paychecks, a lot of it's flowing up to the very highest-income folks," Price said.

The report found just over 84 percent of the income growth in Arizona between 1979 and 2011 went to the wealthiest 1 percent, whose incomes grew even during the recession.

Price said the lowest-wage workers aren't the only ones missing out on the profits. He pointed to the decline of unions as a contributing reason middle-class employees in Arizona have actually seen their earnings sag. And there's one more thing...

"There was a time in America when a CEO getting a big pay package - a raise - in a period of high unemployment would inspire a lot of public outrage," he recalled. "And that culture, obviously, has changed."

The report shows that the average income of the top 1 percent in Arizona is more than $713,000 a year. The average for everyone else is near $35,000 a year.

Arizona details are at EPI.org.




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