Prosperity Watch: Income inequality continues to soar in North Carolina

Income inequality continues to be a hot issues in our state and national policy debate, as the highest earners continue to pull away from everyone else in terms of overall income growth. As the latest issue of Prosperity Watch lays out, the top 1 percent of earners have seen their income double over the past 25 years, while the bottom 99 percent have seen their incomes remain almost flat. See the latest issue for more details.

7 Comments

  1. Alex

    February 27, 2014 at 6:32 am

    Obama’s economic policies have made the rich richer, and the poor even poorer. In addition, the middle class has shrunk, and they also have gotten poorer. Why is it so hard for liberals to understand this ? Sooner or later, they’re bound to get it !

  2. Alan

    February 27, 2014 at 8:24 am

    Alex,

    I know, and I think you know also, that it isn’t Obamas’ economic policies that “have made the rich richer, and the poor even poorer”. This is a process that’s been going on since Reagans economic policies were put in place. Why is so hard for Republicans to accept that fact it’s been their policies that are responsible for this? A little educated reading would enlighten even the least informed Republican to the facts and history surrounding the increasing income inequality in this country. I’d love to be able to say “Why is it so hard for Republicans to understand this? Sooner or later they’re bound to get it”, but I know better, they can never admit to their own failings, and instead point the finger at everyone else and deflect blame. The entire “Obamas economy” ruse may play well with the Faux News crowd, outside of that , everyone knows better.
    Since when has the GOP been concerned with the poor?

  3. Alex

    February 27, 2014 at 9:03 am

    You’re living in a fantasy world Alan. Reagan was in office almost 30 years ago, and when he was there he led us into one of the greatest economic revivals in the history of this country. He created 26 million jobs, and greatly increased the incomes of both the middle class and lower class. To blame him for what is happening on the Obama watch is absolutely ludicrous.

  4. Allan Freyer

    February 27, 2014 at 9:39 am

    As you’ll see when you read the linked Prosperity Watch report, the inequality trends we discuss began in 1979, not 2009, so President Obama’s policies are not terribly relevant to the discussion and most certainly cannot be blamed for what happened 30 years ago.

  5. JIMFITZSR

    February 27, 2014 at 11:22 am

    I MUST BE MISSING SOMETHING IN THE MINIMUM WAGE AND INEQUALITY ARGUMENT!

    WHY SHOULD THE GOVT PAY FOR EMPLOYEE BENEFITS? WALMART EMPLOYEES GET UP TO $3000 / PER EMPLOYEE IN BENEFITS OR $1,000,000 / STORE. ITS NOT THAT WALMART CAN NOT AFFORD TO SHARE THIS COST! IT IS BECAUSE THEIR WAGES DO NOT REFLECT THE ACTUAL “COST OF LIVING”!

    THE “COST OF LABOR” SHOULD INCLUDE THE COST OF EMPLOYEE BENEFITS! THIS EQUALS A “LIVING WAGE”

    OUR GOAL SHOULD BE TO REDUCE DEPENDANCE ON GOVT BENEFITS AND REDUCE POVERTY!

    A REASONABLE PLAN WOULD BE:
    1-RAISE WAGES TO A”LIVING WAGE” (TO BE NEGOTIATED) FOR ALL ADULT EMPLOYEES.
    TEENAGERS WOULD REMAIN AT PRESENT MINIMUM WAGE. THIS WOULD HAVE MINIMAL AFFECT ON THE FAST FOOD INDUSTRY.

    2-WAITRESSES RATE SHOULD INCREASE FROM $2.10/HOUR! REMEMBER THAT NEXT TIME YOU EAT OUT!!!!

    3-REDUCE THE ELIGIBILITY REQUIREMENTS FOR MEDICAID, FOOD STAMPS, HOUSING ETC AT THE STATE LEVEL. EACH STATE DECIDES THEIR STANDARD!

    I ADMIT I AM AN “OLD GEZZER” WHO HAD COMPANY PAID HEALTH INSURANCE, COMPANY SPONSORED RETIREMENT , AND A LIVING WAGE I COULD RAISE MY FAMILY ON ONE PAYCHECK WITH OUT ANY GOVT ASSISTANCE IN 45 YEARS!

    AND FES I DO GET SOCIAL SECURITY, A COMPANY PAID RETIREMENT BENEFIT, AN ANNUITY FROM MY SAVINGS ACCT AND MEDICARE. I COULD NOT DO THAT IF I HAD TO START OVER TODAY! WHAT A SHAME!

  6. Alan

    February 27, 2014 at 11:24 am

    On the contrary, your comments ignore both facts and reality, blaming Obama for EVERYTHING is simply laughable. And no, your savior Ronnie Reagan didn’t create 26 million jobs, that would be like saying Reagan was responsible for the fall of communism in Eastern Europe as well? (personally, I find that one just about the most ridiculous of the “miracles” the right wing attribute to Reagan). Have you never heard of Lech Walesa, probably not…
    “He created 26 million jobs, and greatly increased the incomes of both the middle class and lower”. Really? Not supported by any facts I’m afraid.

    PS. Since you’re so eager to laud Reagan for his economic prowess, then you must surely be equally impressed by the job Clinton did?

    PPS. Read my posts a little more before commenting, “This is a PROCESS that’s been going on since Reagans economic policies were put in place”.

    Fantasy world indeed…

  7. LayintheSmakDown

    March 2, 2014 at 5:27 pm

    Alan,Obama’s policies of printing infinite money and infinite government handouts, and unfettered immigration have done more harm than you can imagine. Why immigration, well you have an influx of workers willing to take low low wages thus skewing the labor force downward, then you have inflation happening due to the infinite printing press (just look at the price of gas or your grocery bill since Obama has come into power) the inflation component on real items that people need is a travesty…especially now that the government does that substitution thing. The democrat party and big corporations are in bed together because they want voters that will vote their perks, and cheap labor that they can hold down at a faux minimum wage. Otherwise, we would look at what other countries do and only let in immigrants that are most likely to contribute…look at Australia for an example.