The Federal Reserve Bank of St. Louis' report The Financial Returns from College across Generations: Large but Unequal details the bachelors degree premium irrespective of race or parents education. And that premium is substantial for all. The data come from…
In our last post we explored 2017 American Community Survey data on median earnings from work of those 25 and older who worked for the nation, Michigan, and Minnesota. Earnings included in the data are wages and salaries from a…
The recently released 2017 American Community Survey provides data on median earnings from work of those 25 and older who worked. The table at the end of this post presents that data for the nation, Michigan, and Minnesota--the Great Lakes…
If there is one issue that both Michigan candidates for governor seem to agree on it is that fixing the roads is a top priority. Good news in a state that for a decade or more let its 20th Century…
From our inception more than a quarter century ago Michigan Future's focus has been on achieving prosperity for all Michigan households. Recreating a Michigan that is one of the most prosperous places on the planet as we were for most…
Three New York Times articles lay out the new reality that having a low unemployment rate does not mean that American households are doing well economically. In fact today's reality is that increasingly the two are disconnected. Lots of people…
Over the last eight years Michigan has experienced a strong recovery from the Great Recession. The headline being 500,000 new jobs. Good news indeed for a state that lost jobs every year during the previous decade. As well as Michiganders…
Terrific column by editorial page editor of The Detroit News Nolan Finley entitled Where's the damn money?. Finley writes: Pithy slogans won’t fill a single pothole. Nor will shirking from the reality that the state’s decades-long neglect of its infrastructure can…
Really interesting research from the Federal Reserve Bank of New York on low-wage workers moving up to better-paying jobs. (You can find the research here and a summary article on the research here.) The report's core findings: Using data covering…
Important new report from the Economic Policy Institute on the continuing pulling away of the top one percent from the bottom 99 percent. The big picture story is as EPI writes: Examining the growth of income over the past century, we…