By Clare Crawford| September 19, 2013 |
CPI analysis of new Census data shows persistent poverty and lower real wages in San Diego County
Most households and employees in the San Diego region are doing worse or no better since the recession began five years ago, according to an analysis by the Center on Policy Initiatives of 2012 U.S. Census Bureau data released today.
A growing number of people in the region – including many who are employed – remained mired in poverty and more children have slipped into poverty. Middle-class families have lost buying power as median household income continued to drop across the county.
Our press release today quoted CPI Research Director Peter Brownell: “People have less money to spend, even those working full-time. The wealthiest saw their incomes increase in 2012, but when we hear talk of economic recovery, it hasn’t reached most people in our region.”
Our 4-page report is available here.
Clearly, the economy can’t recover for most people until wages are high enough that our neighbors can support themselves and spend money in the local community. Poverty and low wages drag down the entire region, as these data show. The recent vote to increase California’s minimum wage to $10 an hour is a welcome first step, but too little and too slowly implemented.
Stand with CPI as we continue to work for more improvement in wages and hours for all employees in our region.