Business Services Industry
Massachusetts Median Income Decline while Employment Surges.
Knight Ridder/Tribune Business News, December, 1999 by Blanton, Kimberly
Knight Ridder/Tribune Business News
Dec. 9 -- Massachusetts workers are earning 5 percent less than they did a decade ago, even though employment has surpassed levels achieved during the 1980s boom, according to a report issued by Northeastern University.
Last year, the median income of Massachusetts' Center for Labor Market Studies.
Income figures are adjusted for inflation.
Declining median income may also point to a growing gap between the earnings of high- and low-paid wage earners, economists said.
New evidence that workers are losing ground casts a harsh light on the Massachusetts economy's renaissance, which is being touted as a return to the 1980s heyday, when construction cranes hung in the sky and retailers...
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