According to the most current federal Bureau of Labor Statistics (BLS) data for Massachusetts (2021), average income for every occupation listed falls far below the $1 million threshold proposed in the Fair Share Amendment.
Care for Our Commonwealth: The Cost of Universal, Affordable, High-Quality Early Care & Education Across Massachusetts
Early Care and Education is Critical for Families Across the Commonwealth, while adults work to provide for their families, they depend on reliable and nurturing …
These infographics show the impacts of the increase in the Massachusetts minimum wage on January 1, 2020, from $12 to $12.75 per hour.
The United States is in the midst of the longest economic expansion in its history, following the Great Recession with sustained recovery. Massachusetts’ economy today exemplifies this, highlighted by continued job growth and a very low unemployment rate that is consistently below the national level. If a rising tide lifts all boats, we should see all Massachusetts residents benefiting, but this isn’t the case.
The U.S. Census Bureau recently released new data from its American Community Survey (ACS), allowing us to see how Massachusetts residents fared economically last year. Although the state has made significant gains in poverty reduction and income growth in recent years, especially since the recession, year-over-year progress began to slow in 2017. Compared to 2016, the poverty rate was essentially flat, and median household income grew at a much slower pace.