|
We're at university together http://www.hermandaddelamacarena.es/wefinanceie-553d.pdf#king wefinance.ie
Ganong and Shoag provide a data series that captures the bottom line. In 1940, the income of “lower-skilled†workers captured 88 cents of every dollar increase in state per capita income. That share began to decline in the 1970s, and by 2010 it was down to 36 cents. Put another way, working-class people in the richest regions of the country have a much lower share of the income around them than they once did. That, more than any other reason, is why they have such a hard time moving to where incomes are highest. Incomes aren’t high for them.
|