Sunday, September 2, 2007

Forbes Article: Ohio Lags in Good Paying Jobs

Though no longer America's poorest big city, Cleveland remains dead last in median income, a distinction shared by Youngstown among midsize cities.

Ohio also isn't faring well in the category, seeing a steep decline since 1999. The remedies for the problem aren't easy ones.

Cleveland actually had an increase in median income last year, up more than $2,400 from 2005 to $26,535, according to data released by the U.S. Census Bureau this week. But it was still worst among cities with a population over 250,000.

Youngstown's median income was $21,850 last year, a more than 17 percent drop from 2005, according to the Census Bureau.

Cities like Youngstown are magnets for people with low incomes because of their low housing costs, said Thomas Finnerty, associate director of Youngstown State University's Center for Urban and Regional Studies.

"We have these central cities that have become the collection sites for the poor," he said. "We have an incredibly old population. When people retire, retirement income is less than working income. That's a big factor, too."

And what does Don Iannone have to say about this article: "I don't dispute Ohio and many of its communities need to work harder at developing more high wage/high skilled jobs. The key is educational attainment. Until Ohio communities, especially the more poor ones, make strides in educational improvement, good jobs will simply not come. We need to accelerate the education curve in Ohio."

Read more.

No comments: