America's Wage Gap Just Keeps Getting Worse


From www.citylab.com | Aug 19, 2014

by Richard Florida

The economic paradox facing the United States becomes clearer every day: Even as the economy recovers, the gap between the haves and have-nots gets worse.

The U.S. economy now has more jobs than it did before the Great Recession. But the jobs being added are largely low-paying ones, and the wage gap between high and low income earners has grown substantially, according to a new report released this month by the U.S. Conference of Mayors and based on analysis from IHS.

Consider the gap between Americans’ annual wages before and after the Great Recession. As the report notes, the U.S. economy lost 8.7 million jobs in 2008 and 2009. The authors found that the average annual wage in sectors that experienced job losses in those years was… read more>


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Sweden’s largest pension fund just gave Exxon Mobil and other energy giants a stinging slap on the face

Sweden’s largest pension fund, AP7, has sold its investments in six energy companies that it says breach the Paris climate agreement

Details »

Fund Selector: ESG myths and realities

There are plenty of companies that make a positive contribution to society and the environment that have also performed extremely well.

Details »

Top UK fund manager divests from fossil fuels

Archbishop of Canterbury plays crucial role in BMO Global Asset Management’s decision to dump £20m of shares in firms such as BHP Billiton

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association