skip to main content
skip to newscasts

Thursday, November 21, 2024

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

Trump announces Pam Bondi of FL as new attorney general pick, hours after Matt Gaetz withdraws; House passes bill targeting nonprofits in NY and nation; NM researcher studies why pedestrian and bicyclist deaths are on the rise; Researchers link better outcomes to MN adoption reforms.

view newscast page
play newscast audioPlay

Trump has a new pick for Attorney General, his incoming "border czar" warns local Democratic officials not to impede mass deportation, and the House passes legislation that could target any nonprofit group accused of supporting terrorism.

view newscast page
play newscast audioPlay

The CDC has a new plan to improve the health of rural Americans, updated data could better prepare folks for flash floods like those that devastated Appalachia, and Native American Tribes could play a key role in the nation's energy future.

Wealth Gap Skyrocketing in PA

play audio
Play

Tuesday, July 24, 2018   

HARRISBURG, Pa. – Since 1973, almost 46 percent of overall income growth in Pennsylvania has gone to the top one percent of earners, according to a new report. The report, entitled "The New Gilded Age", looks at the income gap in every county in every state. It found that Pennsylvania ranks as the 14th most unequal state in the nation.

According to Mark Price, a labor economist at the Keystone Research Center and co-author of the report, over the past 45 years, income has grown nine times faster for Pennsylvania's top one-percent than the average income for the bottom 99-percent - a fact he attributes largely to sharply reduced federal and state taxes on the rich, the decline of labor unions, and failure to raise the minimum wage.

"All of these are things that have contributed, I think, to pretty meager growth in incomes for most of us, and very rapid growth for folks at the very top," he explains.

Conservatives argue that cutting taxes on the rich stimulates investment and creates job growth.

But according to Price, the data shows economic policies that encourage income growth for those in lower income brackets has the greatest positive effect on the economy as a whole.

"From 1945 to '73, incomes grew faster for the bottom 99 percent than they did for the top one," he notes. "And the overall level of growth was greater than it has been since 1973."

The top one-percent in Pennsylvania takes home at least $388,000 a year and averages more than a million dollars in annual income.

The wealth gap varies across the state with the greatest divide near urban areas such as Philadelphia and Pittsburgh. Price adds that the gap still is growing, and that could spell trouble for the future.

"We are very concerned that if these trends continue, you're going to see it undermine our democracy, you're going to see it undermine access to opportunity because access to things like higher education hinges very much on your parents' income," laments Price.

He says federal and state policymakers should make raising income for working people and reining in corporate profit a top priority.


get more stories like this via email

more stories
Since its founding, the CCA program has generated more than $2 billion for transportation and infrastructure upgrades, clean air and water initiatives, utility bill rebates, community solar, indoor air quality improvements and more. (Adobe Stock)

Environment

play sound

On Election Day, a broad coalition of conservationists, labor, and others helped defeat a ballot initiative to repeal Washington State's Climate …


Social Issues

play sound

In the wake of Donald Trump's re-election, teachers nationwide are bracing for more censorship battles. Currently, more than 40 laws in 22 states …

Social Issues

play sound

A new annual report shows New York City has more than 146,000 homeless students. The Advocates for Children of New York report finds this is an …


More than 3,000 Maine apprentices were actively working on industry-recognized skill certification in 2022, according to the Maine Department of Labor. (Adobe Stock)

Social Issues

play sound

State officials in Maine said they are working to expand the number of registered apprenticeship programs to help counter a persistent worker shortage…

Social Issues

play sound

School boards are nonpartisan, but a recent trend in Wyoming shows far-right candidates are bringing national politics to local elections. Public …

In 2020, roughly 9.9% of all U-S adults over age 20 were, or 28.6 million people, were affected by cardiovascular disease, according to a review article from the American Heart Association. (Adobe Stock)

Health and Wellness

play sound

It is National Rural Health Day and experts are flagging research showing increasing health disparities between urban and rural places, including in …

Social Issues

play sound

President-elect Donald Trump and Republicans in Congress have promised to pass a new tax bill, and a new report breaks down the expected winners and …

Social Issues

play sound

Recent surveys show a majority of North Dakotans want housing that allows them to live independently as they age. But there aren't a lot of suitable …

 

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