The State of Working America, 12th Edition

http://stateofworkingamerica.org/12th-edition-press-release/

“The State of Working America, 12th Edition” finds that
policy-driven inequality has undercut low- and middle-
income workers for past three decades

Low- and middle-income workers and their families would
have had far better income growth over the past 30 years
if economic policies had not directed the fruits of
economic growth to the highest-income Americans, a new
Economic Policy Institute book, “The State of Working
America, 12th Edition” finds. For example, had there
been no growth in income disparities since 1979, annual
income for a middle-income household would have been
$88,875 in 2007, $18,897 higher than the $69,978 it
actually was. The median household lost wealth between
1983 and 2010 and had just $57,000 in net worth in 2010,
rather than the $119,000 it would have had if wealth had
grown equally across all households over this period.

Like the 11 previous editions of “The State of Working
America” that EPI has released since 1988, the new
edition provides a comprehensive, data-based answer to
the question, “How well has the economy worked for
American families?” In the 12th edition, the first
published in four years, economists Josh Bivens, Elise
Gould, Lawrence Mishel and Heidi Shierholz analyze data
on income, mobility, wages, jobs, wealth and poverty.
Their analyses illuminate the economic experience of
working Americans since the 1970s, when compensation and
productivity growth diverged. For the first time, the
entire book, including the full text and all of the
charts, is available online and fully downloadable,
along with summary fact sheets that include the book’s
key findings. Additionally, the feature “Open Data”
enables researchers to download additional data on
selected income, jobs and wages charts. The username for
the website is media and the password is $18,897. The
website is under embargo until 12:01 a.m. EDT on
Tuesday, September 11.

“The State of Working America, 12th Edition” explains
that economic policies, including policymakers’ actions
and failures to act, have undercut the ability of
workers to benefit from economic growth in the United
States.

For the entire press release, go to:
http://stateofworkingamerica.org/12th-edition-press-release/

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