Income Gap | St. Louis Public Radio

Income Gap

Every day is an exercise in tight decisions for Corey Robinson. “If you only make $8.50, you gotta use your money wisely,” he said. “Do you feel like eating today, or do you feel like getting on the bus?”
Kae M. Petrin | St. Louis Public Radio

On his first job out of college as a corrections officer for St. Louis County in 1984, Perez Maxwell noticed that no black men had social work roles. When he sought a promotion to social worker two years later — a position he said he had the education and training to win — he hit a wall.

That was just the first of several jobs where Maxwell observed that he and his black colleagues lost out on leadership roles that went to white counterparts with similar education.  

He can’t help but think that helps explain why many black people in St. Louis continue to be paid much less than white people. Black households made 49 percent of what white households made in St. Louis, based on median incomes in the most recently available census data, which detailed how the nation changed in 2016.

Kyra Sanders, 13, holds a handwritten sign as she lines up without about 20 others to bring attention to a new non-profit that wants to bring jobs and businesses to a strip mall in north St. Louis County.
Camille Phillips | St. Louis Public Radio

A former Democratic campaign manager is partnering with a Greendale resident to start a new non-profit in Ferguson called Communities in Unity.

Damion Trasada and Theresa Bradley say they want to buy an empty strip mall in the Ferguson area and recruit local businesses to locate there. They would then use the revenue from the shopping center to support youth development programs. The stores in the strip mall would also provide jobs for young people living in the area.

Federal Reserve weighs in on income, wealth gap

May 11, 2015
Mary Edwards

Bill Emmons and Bryan Noeth, senior economic adviser and policy analyst at the St. Louis Fed’s Center for Household Financial Stability joined “St. Louis on the Air” host Don Marsh to discuss the growing wealth gap.

Rep. Lacy Clay
St. Louis Public Radio

African Americans continue to face long-term and persistent inequities when it comes to employment, income and wealth, according to a report by the Congressional Black Caucus and the Democratic staff of the Joint Economic Committee.  The report, Economic Challenges in the Black Community, says the recession took a greater financial toll on African-American households than it did on white households, increasing the disparity in wealth between blacks and whites.

Judy Baxter, via Flickr

A new study shows low-income children in Missouri will have a harder time getting ahead compared with their wealthier peers than those in past decades.

This article first appeared in the St. Louis Beacon: The disparity in income between the top 1 percent and the other 99 percent fueled the Occupy Wall Street movement and gave momentum to the ongoing push to raise taxes on the rich. As important as this is both as a social topic and an economic policy issue, there is much confusion that hinders rational debate.

This article first appeared in the St. Louis Beacon, Jan. 29, 2012 - WASHINGTON - Billionaire investor Warren Buffett thinks he should pay more taxes. Ditto for billionaire Bill Gates. And so does millionaire President Barack Obama, as he made clear in his State of the Union address and speeches around the country last week.