Wesley’s barbershop is in a “distressed community” while Mario’s barber shop is in a “prosperous community,” according to the Economic Innovation Group’s 2017 Distressed Communities Index, released Sept. 25.
“Policymakers for several years have been talking about the national gains we are seeing as part of the economic recovery,” EIG co-founder Steve Glickman said.
The U.S. unemployment rate has been running in recent months at a 10-year low, around 4.4 percent.
“But the parts of the country that are distressed are really not benefiting at all from the recovery, they’re in a downward spiral where they’re seeing only very modest gains,” Glickman said.
By: Nicole Raz and Katelyn Newberg, Las Vegas Review-Journal
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