Let’s say you wanted to combine the economic advantages of a specific state with the cost-of-living advantages of small-town life. Which small town would you choose? Well, Business Insider, in addition to releasing the fifty nifty United States economy rankings we looked at earlier today, has also put together a list of the most affordable small towns in each state.
Which state do you think has the best economy? How about the worst? Where do you think your own state falls into the ranking?
I have some potentially alarming news.
IT’S POSSIBLE THAT YOU ARE NOT IN THE MIDDLE CLASS
Fortune claims that 90% of offices are planning parties in 2014. Get out those reindeer headbands!
The U.S. unemployment rate is currently at 5.8 percent—the lowest since the financial crisis of 2008. The U.S. economy has grown at a rate of 3 percent for the past four to five quarters encouraging analysts to say that our country “is finally casting aside the shackles imposed by the financial crisis.” Corporate profits are at a record high. And yet, household incomes remain volatile—especially for low and middle-income households.
Mommies, especially low-income ones, take a hit in the labor market, whereas daddies, especially already privileged ones, reap rewards. You must be as tired of reading this nonsense as I am of writing about it.
Ms. Correll asked participants how much they would pay job applicants if they were employers. Mothers were offered on average $11,000 less than childless women and $13,000 less than fathers. In her research, Ms. Correll found that employers rate fathers as the most desirable employees, followed by childless women, childless men and finally mothers.
Low-income women lost 6 percent in wages per child, two percentage points more than the average. For men, the largest bonuses went to white and Latino men who were highly educated and in professional jobs. The smallest pay bumps went to unmarried African-American men who had less education and had manual labor jobs. “The daddy bonus increases the earnings of men already privileged in the labor market,” Ms. Budig wrote.
GAH SEXISM UNEQUAL OPPORTUNITY OUR CLASSLESS SOCIETY okay I’m out. Only good news now:
+ New Orleans’s economy has seriously bounced back post-Katrina; it reversed a pre-hurricane decline and is now outperforming the country in general.