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"Economic prosperity, or lack thereof, has long depended an awful lot on which local ZIP code you live in"
Just look at the difference in Income between Eastern PWC and Western PWC.
22 years of Stagnation in PWC and yet some PWC Supervisors still believe in
PWC's Rural Exclusionary line.
An unbalanced economy divided along racial and geographic lines with limited investment in equitable growth will hamstring the entire economy.
The region’s gap in median earnings between white workers and workers of colors has only grown in the last 10 years, widening by an additional $3,812 per year.
The employment rate gap between those two populations also ticked up a tenth of a percent through 2019.
A decade of stagnation
When compared with 53 very large metro areas with at least 1 million residents, Greater Washington came in at:
No. 51 for racial inclusion.
No. 52 for overall inclusion.
No. 43 in prosperity.
No. 37 in overall growth from 2009 to 2019.
The data suggests a weakness that’s long been raised in the region — the area is dependent on
the federal government and high-end jobs on one end and low-wage work on the other ... with little in between.
People with fewer resources are often pushed into different geographies, exacerbating that divide.
Reality is sinking in that we need a diversified economy.
There is a clear employment gap for local workers- this creates an unbalanced economy.
Expansion in Jobs from 2009-2019:
· Across the country, very large metro areas saw a 17.8% rise.
· The D.C. region’s increase in that time came in at only 10.3%.
Continued regional job growth:
· High-paying occupations-
· management positions
· computer and math fields.
· Low-paying occupations-
· home health care
· hospitality.
But there wasn’t a lot of growth in higher-paying jobs for those without a college degree, creating an unbalanced economy.