BTC REPORT: Ten Years After the Great Recession, N.C. has an Economy that Works for Some

By Patrick McHugh, BTC Economic Analyst
December 2017
The ten years since the start of the Great Recession have done little to address the fundamental economic problems facing North Carolina. The worst of the recession may have passed, but many barriers to economic opportunity and security remain.
This report documents the persistence of long-standing economic inequalities (particularly along racial lines), a deepening divide between wealthy investors and everyone else, a lack of robust job growth overall, and the continued concentration of economic opportunity in a few metropolitan areas. None of these pathologies are natural, but rather the lack of adequate policy response, and their continued existence demands real solutions.
Correction: The following sentence has been corrected on page 4: "As shown here, African American workers in North Carolina were paid roughly $3.25 per hour less on average than their white colleagues in 2016, a gap that compounds rapidly over time into a monthly pay disparity of almost $600 and a deficit of more than $6,700 annually."
PDF icon BTC REPORT -- 10 years later FINAL.pdf900.64 KB
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