Thursday, August 21st, 2014

Income Inequality Grows In Arizona

A new report on income growth shows Arizonans saw theirs expand by 17% between 1979 and just before the Great Recession hit. That is not 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 one-percent of earners. Mark Price co-authored the report. He says worker productivity is at its highest level – but most are not sharing in the prosperity.
 
The report found just over 84% of the income growth in Arizona between 1979 and 2011 went to the wealthiest one-percent, whose incomes grew even during the recession.

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