- March 29, 2011
- Economic Opportunity Institute
- Marilyn Watkins
The 2000 to 2010 decade was a hard one for America’s and Washington’s working families. While the top fifth gained wealth despite two recessions and sharp stock market swings, for most people the dream of attaining the hallmarks of the American middle class grew further out of reach. Holding a steady job, owning a home, sending the kids to college, affording medical care, saving for a secure retirement, each generation having more opportunity than the previous – these now all seem like relics of the 20th century.
This report reviews the current state of working Washington, including gains and losses in employment by sector and region, trends in income and wages, and changes in the workforce. It considers how unemployment affects the state and describes how increasing poverty levels impact families and communities. It evaluates the issue of economic security: what it means to have a job that provides a living wage and a home; benefits that include health insurance and time off to care for loved ones; access to high quality education, from pre-school through college; and retirement security – in short, the opportunity to work, save, and plan for the future. Finally, it suggests public policies that can begin to rebuild broadly shared prosperity for Washington’s working families.