Wednesday, June 28, 2017
TKC EXCLUSIVE AND BREAKING NEWS!!! SURVEY SEYZ: KANSAS CITY WORKING CLASS STAY LOSING WAGE GROWTH!!!
Important info sent from our blog community offers perspective on REAL LIFE FOR WORKING PEOPLE IN KANSAS CITY.
And here's what we learn from this study of Kansas City living conditions, labor life and search for housing . . .
DESPITE SO MANY PROMISES ABOUT JOBS, TECH AND CREATIVE CLASS OPPORTUNITY: MOST KANSAS CITY HAVE BEEN LEFT BEHIND!!!
Here's the story as it relates to housing and the search for affordable living space.
Post-Rent Wage Growth: Kansas City did not Achieve Inclusive Growth for all Classes of Workers
Although most metros have experienced overall wage growth over the past decade, very few have achieved something called "inclusive growth" that benefits all workers. We define metros as having achieved inclusive growth if blue-collar, knowledge, and service workers all experienced increases in post-rent wages, which we calculated using BLS wage data and Census rent data.
Nationwide, post-rent wages for knowledge workers increased by 6 percent, while post-rent wages decreased for blue-collar (-5 percent) and service (-7 percent) workers. In most metros, rents increased steadily while wages stagnated, leaving blue-collar and service workers with less post-rent income in 2015 than in 2005.
The post-rent wages for knowledge workers increased in 93 percent of the metros studied, but only 7 percent of metros met the criteria for inclusive wage growth. Our analysis shows the combination of unequal wage growth and rising rents have led to an increase in inequality between blue-collar, knowledge, and service workers in most metros.
The results of this analysis can currently be viewed here.
Here are some of the highlights you might be interested in:
- In the Kansas City metro, post-rent wages for knowledge workers increased by 3.3% over the past decade. Knowledge worker employment increased by 21.9%
- Over the same period, post-rent wages for blue-collar workers decreased by 2.3% and post-rent wages for service workers decreased by 5.4%
- Although 83% of metros experienced overall post-rent wage growth, only 7% experienced post-rent wage growth for blue-collar, knowledge, and service workers
The full report can be viewed at this link.
Developing . . .