The number of Americans who say they’re middle class has dropped drastically in recent years.
Morici, a Professor of International Business at the University of Maryland, said he expects the President will be able to pass a raise in the minimum wage because “there is a lot of sentiment in the country that $7.25 an hour is too low.”
Could the recent economic downturn improve our health? Certainly not from a standpoint of stress, but it did cause Americans to eat less overall, at least according to the USDA.
Voters in New Jersey last month approved a constitutional amendment that increases the state’s minimum wage by a dollar.
Comprehensive research out of Georgetown University claims that shifting “economic realities” and an increasingly non-linear relationship between work, education and retirement is behind the lag in transition to adulthood.
Despite the blows dealt from the last few decades of economic decline, Philadelphia is making a strong come back.
Chris reviews the details of the Washington Navy Yard shooting and President Obama’s response. He also discusses New Jersey using Hurricane Sandy relief money to clear debris following the Seaside Park fire and Governor Corbett’s Medicaid expansion plan. He talks to Dick Yuengling from the Yuengling Brewery and State Representative Daryl Metcalfe.
Philadelphia ranks fifth in total household income, and saw that rise slightly faster than the national average.
The unemployment rate was 7.5 percent as of July 2013 in Pennsylvania and eight percent in the Philadelphia area.
The recession has affected jobs in all sectors, but some fields have been harder hit than others.
The enrollment boom for American colleges is over, with a 2% drop in enrollment in 2012-13 and more expected except for for-profit and community colleges.
Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Chris discusses President Obama’s statement on Trayvon Martin and Race, the impending birth of the royal baby, and the bankruptcy of Detroit. He talks to Jeff Roe and Michael Bronstein on the Monday Morning Matchup, Phillies Manager Charlie Manuel, John Hayward from Human Events, and Rob Levine from Holt’s Cigar Company.
It’s a big weekend in Philadelphia for lacrosse fans as the NCAA Championships are in town.
These giant prizes have many players dreaming big and local lottery officials excited for an economic boost.