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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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