How much workers made in the pandemic labor market
We have explored frequently that those with a four-year degree or more over a forty-year career work more and earn more than those with less education attainment. One of the reasons being that those with a B.A. or more tend to keep their jobs during downturns and if they lose a job get back to […]
Concentrating talent is the path to prosperity
The 21st Century path to prosperity––to a broad middle class––is concentrating talent. Not factory jobs. Why? Because today’s mass middle class are professionals and managers who work in offices, schools and hospitals. Not production workers who work in factories. You can see that clearly in the table at the bottom of this post. We compared […]
Rivian HQ and Amazon HQ2 are the path to prosperity
A year ago Rivian, often described as the Tesla of trucks, announced that they were moving their headquarters from suburban Detroit to Irvine California. The announcement received hardly any Michigan press coverage. And, even more concerning, no reaction from Michigan’s political and business elites. Two years earlier Amazon announced that, despite big subsidy offers from […]
The business case for a big Earned Income Tax Credit expansion
We have proposed a big Earned Income Tax Credit expansion. Increasing the current state match from six percent to 60 of the federal credit. Doing so would increase the average state credit from $150 to $1,500. To us it is clear, as evidenced by nearly four in ten Michigan households unable to pay for basic […]
Led by New York, big cities had a great decade
The 2010s were a great decade for America’s big cities. The 2020 Census found that each of the top 25 cities in the country gained population. 14 of them had population growth of more than 100,000. New York City led the way. Growing by an astonishing 629,000. Only 29 cities in America have a population […]
Minnesota led the Great Lakes in population growth
More than a decade ago we asked if the state’s economic development strategy worked, what state would you want Michigan to look like? Our answer was Minnesota. At the time the most prosperous state in the Great Lakes. And cold weather and non coastal so that mirroring their economy seemed realistic for Michigan. As the […]
America does not have a student loan crisis
Google student loan crisis and you get to choose from 58 million results. Over and over and over again we are told that today’s college students, particularly those who pursue a four-year degree, are saddled with debt so large that they are more likely to be paupers than prosperous. So as conventional wisdom goes high […]
Where young professionals develop essential skills
In our last post we looked at the skills business-led KC Rising describes as essential to career success: communication, collaboration, critical thinking, interpersonal skills, proactivity and executive function. In this post we want to look at where metro Kansas City young professionals develop essential skills. KC Rising conducted focus groups with young professionals in part […]
21st Century career success essential skills
The business-led metro Kansas City regional prosperity organization KC Rising recently published a terrific report defining what are the essential skills all students need for career success. Their definition: Communication – The ability to adapt within various channels, to connect effectively with clients, co-workers, supervisors, and other collaborators. Collaboration – Cohesive teamwork that recognizes and […]
Michigan’s top ten upper middle class occupations
This post answers the question “What are Michigan’s top ten upper middle class occupations?” Where we define upper middle class as jobs that pay at least $70,539. Our calculation of what it takes to be upper middle class for a three person household. In 2019 there were 914,000 of those jobs out of a total […]