By Steve Spires
Families have now heard for years that the economy is recovering. Here in Louisiana, an industrial boom along the Mississippi River corridor and in the Lake Charles area is promising tens of thousands of new jobs. But despite the sunny talk, most working families aren’t seeing the results in their paychecks.
That’s because all—literally all—of the income gains in Louisiana in the three years after the recession went to the top 1 percent of households, according to a new analysis of income tax records from the Economic Analysis and Research Network (EARN).