Pa. residents’ buying power still eroding
Pittsburgh Post-Gazette: Pennsylvania families were squeezed last year as many residents lost jobs and those working saw their inflation-adjusted buying power eroded by stagnation in income and wages, according to an annual report on the state of the state’s economy.
The Keystone Research Center’s 15th annual check-up on the status of working Pennsylvanians examined the economic challenges residents faced over the past 12 months.
“The central message of our report is we need to be focused on the jobs deficit and the middle class wage deficit, and not the federal deficit,” said Stephen Herzenberg, executive director of the non-profit economic research group in Harrisburg… (more)
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