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Tuesday, October 21, 2014         

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Fight to curb out-of-control living costs


POSTED: 01:30 a.m. HST, Aug 24, 2014

~~<p>The fact that 1 in every 5 Hawaii residents depends on donated food to survive is an unmistakable sign that the price of paradise has spiraled out of control. Groceries for a family of four cost 68 percent more here compared to the rest of the United States, and the price of gas, electricity and housing are among the highest in the country. Many costs continue to rise -- even though the labor market has yet to fully recover, five years after the Great Recession officially ended.</p>
<p>Federal Reserve Chairwoman Janet Yellen acknowledged that reality in a major speech Friday, saying that although the U.S. unemployment rate has fallen, negative factors cloud the overall jobs outlook, including the &quot;sluggish pace&quot; of wage growth, the historic low level of employment among the working-age population, and the fact that many people who want to work full time can land only part-time jobs.</p>
~~

The fact that 1 in every 5 Hawaii residents depends on donated food to survive is an unmistakable sign that the price of paradise has spiraled out of control. Groceries for a family of four cost 68 percent more here compared to the rest of the United States, and the price of gas, electricity and housing are among the highest in the country. Many costs continue to rise -- even though the labor market has yet to fully recover, five years after the Great Recession officially ended.

Federal Reserve Chairwoman Janet Yellen acknowledged that reality in a major speech Friday, saying that although the U.S. unemployment rate has fallen, negative factors cloud the overall jobs outlook, including the "sluggish pace" of wage growth, the historic low level of employment among the working-age population, and the fact that many people who want to work full time can land only part-time jobs. Login for more...



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