The Nation's Mayors To Release Economic Report Showing Widening Wage Gap, Increasing Income Inequality

Launch Cities Of Opportunity Task Force Led By NYC Mayor Bill de Blasio, Boston Mayor Marty Walsh

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Aug 08, 2014, 02:14 ET

WASHINGTON, Aug. 8, 2014 /PRNewswire-USNewswire/ -- On Monday, August 11, The U.S. Conference of Mayors (USCM) will release a new report that documents the gradual, but dramatic shift over the past 40 years of income distribution in the U.S. in favor of upper-income households. The report examines the growing economic crisis in three key areas: the wage levels of jobs lost during the Great Recession of 2008 versus those regained; the distribution of income in the US and across its metro regions; and a projection of median income growth for the U.S. and all metro areas.

Overall, the report projects a further drift toward inequality in the coming years, making income inequality a structural feature of the 21^st century economy.

The report will be released in conjunction with the inaugural meeting of USCM's Cities of Opportunities Taskforce to be led by New York City Mayor Bill de Blasio and Boston Mayor Marty Walsh at Gracie Mansion in New York City on Monday. The Task Force, which was established at the Conference's Annual Meeting this past June, is focused on strategies for addressing income inequality, promoting economic mobility and creating jobs in America's cities.

In attendance at Monday's meeting will be USCM President and Sacramento Mayor Kevin Johnson, NYC Mayor Bill de Blasio, Boston Mayor Marty Walsh and more than thirty participating mayors from across the country who will discuss the report as well as policy measures to address income inequality and close the widening wage gap.

To request an EMBARGOED copy of the USCM economic report, please contact Elena Temple-Webb at [email protected] or Maria Guex at [email protected].

The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are nearly 1400 such cities in the country today, and each city is represented in the Conference by its chief elected official, the mayor. Like us on Facebook at facebook.com/usmayors, or follow us on Twitter at twitter.com/usmayors.

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SOURCE The U.S. Conference of Mayors