From factories to knowledge-based
Our work at Michigan Future is focused on understanding the changes occurring in the American economy largely due to globalization and technology and how to be successful in that economy. Our interest is in the long term structural changes in the economy, rather than year to year (or even shorter term) largely cyclical changes. For […]
Minnesota or Indiana? III
As we have seen Minnesota has better economic outcomes on every metric that matter to families trying to pay the bills and save for their retirement and their kids college education. Its not close. The main reason for the out performance is that Minnesota is over concentrated in the knowledge-based service industries that have faster […]
Minnesota or Indiana? II
So if so-called business friendly policies, as we explored in my last post, is not the path to more and better jobs, what is? Lets explore how the Minnesota and Indiana economies have been changing over the past two decades to try to find the answer. As we saw in the last post the main […]
Minnesota or Indiana?
I want to update a column I wrote for Dome in November 2011. Entitled “Model state for Michigan’s future?” I wrote then: The Mackinac Center for Public Policy on Monday is hosting an event with Indiana Governor Mitch Daniels as the featured speaker. This is a continuation of a decades-long tradition of inviting Indiana governors […]
A relevant state ranking
We have written previously about how irrelevant state business climate rankings are to whether or not a state’s residents are doing well economically. Here about the recent CEOs ranking according to Chief Executive Magazine. And here about the widely publicized Tax Foundation State Business Cost Rankings. These are the reports that rank Indiana as the […]
Metro NYC winning
As we explored in my last post, 25-34 year olds with a four year degree or more are concentrating in big metros, with a high proportion living in their central cities. Seventy four percent of young professionals are living in one of the 54 regions with a population of one million or more and in […]
Michigan’s share of young talent
One of the questions I’m now asked most frequently is “how is Michigan doing compared to other states in retaining and attracting recent college graduates?” Good question and encouraging that it is being asked more frequently. Folks seem to be understanding that where recent college graduates choose to live after college matters to Michigan’s future […]
Tax cuts and economic growth
Another great New York Times Economix blog from Bruce Bartlett entitled “the Bush tax-cut failure”. Bartlett is one of the original supply side tax cutters. He served as senior staff to, among others, Jack Kemp, Ronald Reagan and Ron Paul. (By the way, his new book “The Benefit and The Burden: Tax Reform-Why We Need […]
Another irrelevant business ranking
Interesting Peter Luke column for Bridge on the conundrum of Michigan, despite enacting two big business tax cuts and right to work legislation, ranking near the bottom in a survey of more than 700 corporate CEOs according to Chief Executive Magazine. (You can find their rankings here.) Luke explores the contrast between Michigan’s ranking of […]
Attracting talent
New York Mayor Michael Bloomberg in a column for the Financial Times makes the case that talent is what matters most to economic growth. And that place –– particularly vibrant central cities –– is the key to attracting talent. The column is entitled “Cities must be cool, creative and in control”. Worth reading! Bloomberg writes: […]