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Florida's Standard of Living Declines Since 2000


September 3rd, 2013 | WMFE- The standard of living for Floridians has declined since 2000. That's according to Florida International University's 10th annual State of Working Florida report which was released Monday.

The Research Institute on Social and Economic Policy report says Florida’s poverty rate increased dramatically, by nearly 47%, since 2000.

Inequality also rose sharply, along with the cost of housing food and transportation.

Over the same period the employment rate declined by nearly 5% and the median hourly wage and amount of hours worked also dropped.

The report calls for a strong policy response to stop Florida heading into another decade of declining living standards, and to help the economy grow.

FIU researchers say policy makers could take steps to increase the minimum wage, and increase the coverage of paid sick leave.

 

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