Massachusetts has fared better than most states during the recession but will face “enormous fiscal and economic challenges” in the years ahead, according to a report released Sunday by the Massachusetts Budget and Policy Center.
During the recent crisis, Massachusetts lost fewer jobs than most states and maintained higher wages, all while avoiding a significant increase in poverty, according to “The State of Working Massachusetts,” a report prepared by the Massachusetts Budget and Policy Center, a nonpartisan think tank that studies economic issues.
Thanks to its colleges and universities, Massachusetts has one of the best-educated, best-paid workforces in the nation, but a new study shows the gap between the haves and have-nots has widened–especially during the recent recession.