2012beof-111206092256-phpapp02

The average wage in el paso county increased in 2010

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Unformatted text preview: eplaced with lower economic multiplier jobs in the service sector. These jobs tend to be more stable but pay lower wages than the jobs that were lost. The net effect is that the employment base is less susceptible to business cycle swings but wages are lower. The average wage in El Paso County increased in 2010, to $42,989. This is 1.9% above the 2009 average wage of $42,189. By comparison, the average wage in Colorado climbed 2.1% in 2010, to $47,864. El Paso County’s average wage is now 10.2% below the state average. The need for more high-income, high-multiplier primary jobs is apparent. Higher income has been linked to higher standards of living, better quality of life, lower crime, better educational attainment, better coverage of medical insurance, and improved life expectancy. Retail and Wholesale El Paso County retail sales totaled $12.8 billion in 2010, a decline of $70 million year-over-year. Colorado Springs continued to lose share in sales tax collections compared to the rest of...
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