Report: Vermont wages are stuck at 2010 levels
Vermont’s economy is growing, but that growth isn’t helping many Vermonters move ahead, according to a new report from Public Assets Institute.
The Montpelier-based think tank has been putting out its State of Working Vermont report for more than a decade, and the trend of slow growth, low wages, and high costs hasn’t changed in that time, said Paul Cillo, the nonprofit’s executive director. Vermont is one of 10 states where median household income actually dropped in 2017, the report says.
“The surprise is that there is no surprise” in the findings of the report, said Cillo. “We’re now at 10 years since the Great Recession began. There has been recovery, and it has been slow and steady. But wages are low.”
The report, released in late December, outlines Vermont’s overall economic growth and who has gained the most from it; the ability of average Vermonters to make ends meet; and the state’s job market and wages.
Read more: https://vtdigger.org/2019/01/01/report-vermont-wages-stuck-2010-levels/
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