Guv Brown and the Democrats are making sure the Hollywood Elite get tax subsidies. Brown is trying to help billionaire Elon Musk get subsidies for his car and his space exploration company. Strong supporters of the Democrats like the officials of Google and Apple keep tens of billions in foreign countries, so California—and the U.S., cannot tax them. The losers are the honest, decent, hardworking people of the former Golden State.
As I have said before, California is becoming the State for the very rich, the very poor and the illegal aliens—the rest of the folks need to leave the State if they want to survive financially for the long term.
“Low and middle-income workers in California saw a steeper drop in earnings than higher-wage workers during the economic meltdown and have recovered at a slower rate, according to a new report by the left-leaning California Budget Project.
The median hourly wage for a low-income worker in 2013 was $10.90, more than 5 percent below the inflation-adjusted, pre-recession level. The median wage for middle-income people, $19.10 an hour, is also just over 5 percent lower than the pre-recession level.
The cost of water, energy and food is sky rocketing—taxes are going up and government services cut. This is a collapsing economy. Time to leave.
Report: California’s recovery passing over the poor, middle class
Business Journal, 5/13/14
Low and middle-income workers in California saw a steeper drop in earnings than higher-wage workers during the economic meltdown and have recovered at a slower rate.
Low and middle-income workers in California saw a steeper drop in earnings than higher-wage workers during the economic meltdown and have recovered at a slower rate, according to a new report by the left-leaning California Budget Project.
The median hourly wage for a low-income worker in 2013 was $10.90, more than 5 percent below the inflation-adjusted, pre-recession level. The median wage for middle-income people, $19.10 an hour, is also just over 5 percent lower than the pre-recession level.
Meanwhile, higher income workers making a median of $35.23 an hour are only making 0.6 percent less than they did just before the recession.
To flatten earning disparities, the report suggests new investments in infrastructure projects and expanding job training programs, and implementing an inflation-adjusted minimum wage.
Read a PDF of the California Budget Project report.
