Seven years after the Great Recession began, North Carolina’s recovery has been largely been limited to urban areas of the state. A new report by the NC Budget & Tax Center finds that wages and salaries have also been remarkably flat.
For a better understanding of North Carolina’s lackluster economy, be sure to read Chris Fitzsimon’s Monday numbers column.
You can also listen to Fitzsimon’s weekend radio interview with BTC economic analyst Patrick McHugh. McHugh explains while the worst of the Great Recession may finally be behind us, the lingering damage continues to weigh down communities and families across the state.
McHugh notes that many of the good paying careers have been replaced by low-paying jobs that have hampered mobility and prompted consumers to scale back their spending.
Click below for an excerpt from Fitzsimon’s radio interview with McHugh or here for the full podcast.