Income gap between rich and poor, black and white has grown in California
Income gap between rich and poor, black and white has grown in California
- January 25, 2013
- A report by David Neumark, economics Chancellor's Professor and Center for Economics & Public Policy director, and Jennifer Muz, economics graduate student, is featured in the San Francisco Business Times January 25, 2013
From the San Francisco Business Times:
The gap in income between rich and poor people and blacks and whites has grown in
California over the last 20 years, according to a report from nonprofit Next 10 in
San Francisco… The Next 10 report, by David Neumark and Jennifer Muz of the University
of California, Irvine, cited two main worries for California — one the gaps in income
described above, and the other the Golden State's sluggish job growth since the Great
Recession. "The slower job growth is not solely a function of the Great Recession
hitting California harder. Even in the early- to mid-2000s, when California's economic
growth was relatively strong, job growth did not exhibit the same strength," the report
says.
For the full story, please visit http://www.bizjournals.com/sanfrancisco/blog/2013/01/income-gap-between-....
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