Posts Tagged ‘Minnesota economy’

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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While Minnesota Reinvests, Wisconsin Disinvests

Tax cuts enacted in the Badger State in recent years have contributed to a more regressive tax system and recurring revenue shortfalls, as noted in the preceding article in this series. Meanwhile, tax increases in Minnesota have not only made the tax system less regressive, but also helped to produce a significant surplus after years…

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The Connection Between Public Policy and Prosperity

Since the end of the Great Recession, Minnesota has comfortably surpassed Wisconsin in terms of GDP and income growth, and job creation. Based on newly released 2016 data from the American Community Survey, median household income in the Gopher State is 15.5 percent ($8,800) greater than in America’s Dairyland. Caution is in order when drawing…

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Minnesota’s Economy Doing Relatively Well

Conservative interest groups contend that Minnesota’s economy is floundering, the victim of “blue state” (i.e., progressive) fiscal policies. Critiques published by North Star and others show such claims are generally bogus and based more on politics than coherent economic analysis. Evidence of Minnesota’s strong economic performance relative to other states can be found in the…

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Doctor Frankenstein, Meet Your Monster

Several weeks ago, the right wing Center of the American Experiment (CAE) observed that Minnesota’s economic performance over the course of the 21st century has been “mediocre” and touted a forthcoming report that would stimulate debate over “the extent to which Minnesota’s blue-state policies are eroding the state’s historic economic strength.” Our five-part series, which…

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State Trend in Sub-Par GDP Growth Reverses Under Progressive Policies

In the post-World War II era, Gross Domestic Product (GDP) has been the principal way of measuring economic growth or contraction. Based on this widely accepted measure, Minnesota’s economy has slightly underperformed the national average over the course of the current century, but has outperformed the national average in the two years since the enactment…

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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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Minnesota Wage Growth Stronger Under Progressive Policies

Conservatives have blamed “blue-state” policies for what they consider to be lackluster performance by Minnesota’s economy during the 21st century. However, wage growth in Minnesota has been slightly stronger vis-à-vis the national and adjacent state averages under recently enacted progressive policies than under the conservative policies that preceded them. As noted in the first article…

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Don’t Blame Blue-State Policies for Red-State Outcomes

Conservatives frequently claim that “blue-state polices” are hurting Minnesota’s economy. One line of analysis they have used is to identify negative or lackluster economic trends since the turn of the century and then lay blame for them at the feet of progressive public policy. There are at least three problems with this line of analysis.…

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Minnesota Manufacturers Optimistic

A recent survey shows that “Minnesota’s manufacturers are feeling remarkable levels of across-the-board confidence in the financial prospects for their companies in 2016,” despite growing uneasiness about the U.S. economy. Concerns among manufacturers about the impact of government policies and regulations have steadily declined over the last seven years. These findings are from the recent…

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