Despite Recovery, Wages Sink in 80 Percent of Big Metros
By Karla Bowsher
While many of America's largest metropolitan areas saw robust growth during the economic recovery, median wages fell in the vast majority of these areas, and many residents did not achieve a higher quality of life.
Those facts emerged in a report from the nonprofit Brookings Institution that is billed as a new way to measure economic growth in U.S. metros.
Brookings says its report attempts to measure not only economic growth, "but also how growth is achieved and who benefits from it." It examines three metrics in each metro:
Growth — changes in the size of the economy
Prosperity — changes in the economic well-being of workers and residents
Inclusion — changes in disparities by income and race
Among the findings are that between 2009 and 2014, only nine of the 100 largest metro areas outperformed averages in growth, prosperity, inclusion and inclusion by race, according to Brookings. For example, the study found that:
Median wages declined in 80 of the 100 areas.
Just 21 metros saw a significant narrowing of the gap between whites and people of color on measures of median wage, relative income poverty and employment.
Report co-author Alan Berube, Brookings senior fellow and deputy director, concludes in a news release:
Local leaders hoping to extend and accelerate this economic recovery need to make deliberate efforts to ensure that more people and communities benefit from a rising tide.
The study also ranked the largest 100 metro areas based on growth, prosperity, inclusion by income and inclusion by race:
Growth
Highest-ranked:
San Jose-Sunnyvale-Santa Clara, California
Austin-Round Rock, Texas
Houston-The Woodlands-Sugar Land, Texas
Lowest-ranked:
Palm Bay-Melbourne-Titusville, Florida
Albuquerque, New Mexico
Wichita, Kansas
Prosperity
Highest-ranked:
San Jose-Sunnyvale-Santa Clara, California
Houston-The Woodlands-Sugar Land, Texas
Austin-Round Rock, Texas
Lowest-ranked:
Las Vegas-Henderson-Paradise, Nevada
Palm Beach-Melbourne-Titusville, Florida
New Orleans-Metairie, Louisiana
Inclusion
Highest-ranked:
Tulsa, Oklahoma
Springfield, Massachusetts
San Jose-Sunnyvale-Santa Clara, California
Lowest-ranked:
Albuquerque, New Mexico
Augusta, Georgia-Richmond County, South Carolina
Columbia, South Carolina
Inclusion by race
Highest-ranked:
Cape Coral-Fort Myers, Florida
Las Vegas-Henderson-Paradise, Nevada
Bakersfield, California
Lowest-ranked:
Lakeland-Winter Haven, Florida
Augusta, Georgia-Richmond County, South Carolina
Deltona-Daytona Beach-Ormond Beach, Florida
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