Florida is one of three states that lead the nation in Income Inequality!
According to the Economic Policy Institute, a non-partisan think tank, Florida has one of the largest income gaps between the very rich and everyone else! The report cites that in Florida, "the top 1 percent had an average income of $1.54 million, or 39.5 times as much as the $39,094 average income for the bottom 99 percent.” In addition, “the disparity is so lopsided in part because the average Florida wages for the bottom 99 percent are well below the national average.”
the top 1 percent had an average income of $1.54 million, or 39.5 times as much as the $39,094 average income for the bottom 99 percent.
I join with President Obama when he stated that the widening income gap among Americans is the “defining challenge of our times”. We not only need to elect public officials who will promote economic development but also economic justice! I believe that automation and climate change will have a significant effect on our economy and that we need to retrain our workforce and prepare for the future. It is clear to me that unless something changes this new generation will be the first one to earn less than our parents.