Michigan is a low wage state updated
As we explored previously Michigan is now a low wage state. What a turnaround! From Henry Ford’s $5 a day wage in 1914 Michigan was the place where if you were willing to work hard you could earning a living and realize the American Dream. No more. Two new studies provide more evidence on the […]
Michigan Future Schools Announces Four New School Openings in Detroit
Michigan Future Schools (MFS), an initiative of Michigan Future Inc., a non-partisan, economy-focused think tank based in Ann Arbor, announced that four new Detroit high schools it has invested in opened this fall, joining three others previously launched with investments from Michigan Future Schools. The four new schools are: Detroit Leadership Academy High School (YMCA) […]
Minnesota and Michigan
Not good news for Michigan. The unemployment rate is going up again. Up to 9.0% in August from a post recession low of 8.4% in both April and May 2013. This turn for the worse, comes with the huge Snyder business tax cuts in effect. You know the ones that were supposed to drive Michigan’s […]
21st Century central cities
In our 2006 A New Agenda for a New Michigan we wrote: “For many Michiganians, vibrant central cities are part of the past. No longer relevant or just something you visit in unique places like Manhattan, Toronto or Chicago. Think again! They are an important ingredient to future economic success. The pattern across the country […]
Student loans: a good investment
Conventional wisdom is that college educated Millennials are being crushed by student loans. A burden that will weigh them down economically for a lifetime. Its nonsense. Using data from The Ladders.com, Business Insider demonstrates the value of a four year degree or more, even if it includes student loans. They conclude: “Student loan debt is […]
More education trumps lower taxes
Terrific study by Noah Berger and Peter Fischer for the Economic Policy Institute entitled A Well-Educated Workforce Is Key to State Prosperity. Sound familiar? That four-year degree attainment is increasingly what determines which states and regions are prosperous has been the central tennant of Michigan Future’s work for years. Berger and Fisher use median wage […]