Posts Tagged ‘employment growth’

Income Tax Hikes Have Not Stifled Job, Income Growth

Conservatives frequently argue that tax increases stifle job growth. In reality, data from 1950 to the present show no indication that Minnesota income tax increases have had any adverse impact on job creation or income growth. In fact, Minnesota’s rate of job and income growth has tended be greatest following state income tax increases and…

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Minnesota Passes Wisconsin in Total Jobs

Total 2017 employment in Minnesota eclipsed that of Wisconsin for the first time in history,* despite having over 200,000 fewer people. Just ten years ago, Minnesota had 93,000 fewer jobs than Wisconsin. The Gopher State now has 6,200 more jobs, according to the Quarterly Census of Employment and Wages (QCEW).† In light of recent trends…

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Myths of the 2017 Federal Tax Act

The “Tax Cuts and Jobs Act” (TCJA)—the massive federal tax cut passed in December 2017—has failed to produce the benefits touted by its promoters. And if history is any indicator, there is no reason to believe things will change in the future. The following debunks several often-touted claims made by TCJA backers. Myth #1: The…

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Minnesota Job Growth Is Strong, Considering Its Low Unemployment

Minnesota job growth has been fairly healthy in recent years, relative to the rest of the nation and neighboring states. Last month, a North Star article showed that Minnesota has surpassed the national average on multiple economic indicators—including job growth—during the current business cycle (i.e., since 2007). A recent Economic Policy Institute (EPI) report also…

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When Equal Unemployment Rates Are Not Equal

Minnesota and Wisconsin currently enjoy low unemployment rates relative to the rest of the nation. In addition, both states enjoyed an above average decline in unemployment rates since the beginning of the Great Recession. However, this does not mean that the economies of these states have performed equally well. Minnesota achieved its low unemployment rate…

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Minnesota Outperforms Neighbors in Job Growth

Since the turn of the century, employment growth in Minnesota has kept pace with the rest of the nation and comfortably surpassed the Midwest average. Minnesota’s strong performance relative to the rest of the region has persisted through two recessions, a major financial meltdown, a major tax reduction, and a major tax increase. The following…

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Fiscal Policy Doesn’t Explain Below Average Employment Growth

Minnesota has lagged modestly behind the national average in terms of employment growth during the 21st century. However, there is no reason to blame Minnesota’s sub-par employment growth upon progressive fiscal policy. Rather, the state’s below average job growth is explicable—and even defensible—in terms of other labor force realities in the state versus the rest…

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