A surge of factory building fueled by Biden administration investments in "strategic sectors" such as clean energy and semiconductors has so far flowed disproportionately to U.S. counties with relatively distressed economies and notably has not tracked "Democratic geography." Since 2021, a group of counties with relatively low employment rates for prime-age workers and low median household incomes - while accounting for only about 8% of national GDP - snared 16% of the $525 billion in announced investments, according to a data analysis by the Brookings Institution and the Massachusetts Institute of Technology. The study underscores how the embrace of a more muscular industrial policy under Democratic President Joe Biden could spread investments into regions left behind by decades of offshoring.
There are many differences between North Jersey and South Jersey, but one of the biggest contrasts between the two areas of New Jersey is Household Income
There are many differences between North Jersey and South Jersey, but one of the biggest contrasts between the two areas of New Jersey is Household Income
From the pioneers enduring hardships to find their fortune across the country to young professionals who flocked to the suburbs when having number three (and then four), parents have been willing to.
US inflation-adjusted incomes fell for a third straight year in 2022, but overall income inequality decreased, according to new Census Bureau data. Real, or inflation-adjusted, median household incomes in the United States fell by 2.3 percent in 2022 from a year earlier, with nominal gains canceled out by record-high inflation.