The US Conference of Mayors (USCM) will release a new report that documents the gradual but dramatic shift, over the past 40 years, of income distribution in the US in favor of upper-income households.
The report examines the growing economic crisis in three key areas, including the wage levels of jobs lost during the Great Recession of 2008 versus those regained; the distribution of income in the US and across its metro regions; and a projection of median income growth for the U.S. and all metro areas.
Information about Ocean City and Trenton is featured in the report with specific statistical information about the distribution of income across the regions.
Piscataway Mayor Brian Wahler and Elizabeth Mayor J. Christian Bollwage are part of the study effort, which was led by New York City Mayor Bill de Blasio and Boston Mayor Marty Walsh.
Overall, the report projects a further drift toward income inequality in the coming years, making a wide gap between rich and poor a structural feature of America’s 21st century economy.
The report will be the focus of the inaugural meeting of USCM’s new Cities of Opportunities Taskforce, which was established at the Conference’s annual meeting this past June.
Conference leaders Sacramento Mayor Kevin Johnson, USCM Vice President and Baltimore Mayor Stephanie Rawlings-Blake and other participating mayors will be in New York at a Gracie Mansion press conference at noon on August 11.
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