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Think tank: Georgia workers lose 20 years of progress

ATLANTA — Georgia’s poverty rate is at its highest point in 30 years. The typical Georgia household’s annual income, in terms of purchasing power, is about what it was in 1990.

Those are some of the noteworthy conclusions of a new analysis released Tuesday by the left-leaning Georgia Budget & Policy Institute.

“Due to the almost unprecedented impact of the Great Recession,” researchers wrote, “working Georgians have seen essentially two decades worth of economic progress disappear. ... Georgia families are struggling across the board.”

The report was based on employment and wage figures compiled by various government agencies.

From 2010 to 2011, median household income fell by almost $2,000 in Georgia. Annual wages for the median worker, meanwhile, dropped more than $2,500. Since 2007, Hispanic and African-American workers, on average, have taken a harder income hit than their white counterparts. Across all races, workers without college degrees lost almost all of the wage gains they had seen since 1990.

The think tank, which typically advocates for aggressive government action, said the solution is to invest in education, job training and infrastructure. Those kind of investments “heighten quality of life and make Georgia an attractive place to live, work and invest,” the authors write.

But, they add, Georgia leaders have abandoned such a strategy in recent years.

“Deep budget cuts over the last several years have helped to undermine the well-being of average Georgians, and they continue to compromise the state’s path to economic recovery.”

The report did not cite specific cuts or make specific policy recommendations going forward.

The analysis does not include any figures from 2012, during which many economic indicators have crept upward nationally.

In Georgia, state tax collections through the first several months of the current fiscal year are up over their 2011 levels. There has been a sharp increase in corporate income tax collections and a more modest, though steady increase in personal income tax collections.

That could suggest an improving household earnings landscape, though the monthly Revenue Department reports do not shed any light on exactly which sectors of the work force may be earning more.

Comments

RedEric 1 year, 10 months ago

Synopsis; people are losing jobs, companies are closing, wages of existing jobs are much lower than earlier so the recommended solution is to spend lots of taxpayer money. Where do these morons live?

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chinaberry25 1 year, 10 months ago

They seem to like to live this way.But this is a biased report. Folks who left Georgia for the good life to make big money have returned south. As long as it is cheap to live in Albany, it will never progress. Albany is mecca for the poor folks. It you can open your mouth you can get welfare and food stamps. Wonder if DFAS ever verify anything they say. We found out the schools didn't.

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VietVet1 1 year, 10 months ago

Produce more babies = bigger welfare check........problem solved. That's how it's working in Albany

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Sister_Ruby 1 year, 10 months ago

.....Georgia workers lose 20 years of progress......in the past 4 years.

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Sister_Ruby 1 year, 10 months ago

..........just think how bad things will be after four MORE years.

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hotdog 1 year, 10 months ago

The think tank, which typically advocates for aggressive government action, said the solution is to invest in education, job training and infrastructure. Those kind of investments “heighten quality of life and make Georgia an attractive place to live, work and invest,” the authors write.

But, they add, Georgia leaders have abandoned such a strategy in recent years.

“Deep budget cuts over the last several years have helped to undermine the well-being of average Georgians, and they continue to compromise the state’s path to economic recovery.”

Clearly you are clueless...as pointed out in this article...GOP Policies(deep budget cuts) are killing this state....you are correct that 4 more years of Republican control in this state is killing the state's economy

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VietVet1 1 year, 10 months ago

See folks, this is what drugs do to you. GOP has made you produce more (babies that will never know who their daddy is) and SSI. Sure glad this re-elected administration isn't behind any of this.

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VSU 1 year, 10 months ago

Sister was talking about 4 more years of Obama.

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Sister_Ruby 1 year, 10 months ago

VSU is correct. As usual.

For the record, DEEP BUDGET CUTS are needed in every state and especially by the Federal Government. Otherwise we will never recover and will get flushed down the tubes.

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stc1993 1 year, 10 months ago

We've been investing in education for years all we've gotten for our money is the dumbing down of America. High school graduates that can't read & write. They can't even do 5th grade math a lot of them.

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bigbob 1 year, 10 months ago

This article isn't about Albany, it said promote education, job training & infrastructure. 3 things Albany is obviously against just look at DCSS & taxes. No company will come here but I bet more leave.

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VSU 1 year, 10 months ago

I would bet you are correct.

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Cartman 1 year, 10 months ago

Our congressional district is one of the poorest in the nation. Georgia didn't vote for Obama the first or second time, so no real stimulus money came or will come our way. Our local congressman is experienced and is a Democrat, but has so little clout that we remain ignored and he has done nothing.

And now we've been told that we lost 20 years of gains. What a shocker.

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FryarTuk 1 year, 10 months ago

Governor Sonny Perdue caused serious damage to Georgia's educational systems. He lined his own pockets with land sales and retro tax deductions and kicked GA families to the curb. No one can take care of themselve or their families without proper education. If you can't get a job you can't pay taxes either. Facts which seem to be lost on the current crop of state GOP knuckledraggers.

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