You’ve been hearing a lot about Texas’ income inequality issues, especially from Democrats across the state and country. But you might not be getting the whole picture.
“We’ve been able to create more jobs in the middle class area than the rest of the country. The rest of the country has been flat in that regard,” Perryman told KTRH. “As far as earned income Texas has been able to maintain that middle class possibility.”
Texas has had better job growth than the rest of the country for over a decade, and that begs the questions, "What is middle class today?"
"Most people would put that in the $75,000 to $100,000 range if you have a family of four,” Perryman stated. If you are married with no kids you can consider yourself middle class if you are making above $40,000.
So if that's the case, how does the middle class today compare to the middle class of the 1960's?
“If you adjust it for inflation it’s about the same. Middle class has to do with purchasing power and with lifestyle,” Perryman explained. “In terms of purchasing power middle class is relatively constant.”
Perryman says the middle class jobs are coming from the tech sector, oil and gas and health care.