Michigan's per capita income in 2022 was 13 percent below the national average, the lowest compared to the nation ever. The state ranked 39th. (For those who prefer median household income as a measure of economic well being, Michigan ranks…
Significant tax credit would help working families make ends meet Michigan Future, Inc., a non-profit think tank focused on rising income for all Michigan households, today called for enactment of the Working Parents Tax Credit that would provide households receiving…
In today’s economy, the reality is talent attracts capital and quality of place attracts talent. Where young talent goes, high-growth, high-wage, knowledge-based enterprises follow, expand, and are created. Because talent is the asset that matters most to high-wage employers and…
Minnesota is a high tax state. Has been for decades. Minnesota is the Great Lakes States best in economic well being and demographic outcomes. Has been for decades. Michigan is not a high tax state. Its taxes per capita far…
The first post I wrote for this blog was 13 years ago. It was entitled the Need For a New Michigan and made the case that what made us prosperous in the past, won't in the future. That if we…
As Rick Haglund chronicled for Crain's Detroit Business, since General Motors in 1992 chose Arlington Texas over Willow Run for a motor vehicle assembly plant, Michigan’s economic development priority has been to compete for auto assembly and auto parts plants.…
A decade ago in a column for Dome we made the case that Indiana's low tax economic strategy was a failure and would continue to fail going forward. We wrote: The Mackinac Center for Public Policy on Monday is hosting…
The New York Times in an article entitled Jim Farley tries to reinvent Ford and catch up to Elon Musk and Tesla writes: Yet Wall Street still thinks that Tesla, which is worth more than $1 trillion, will dominate the…
Metro Minneapolis has built a diverse economy that is one of the wealthiest of any large metropolitan area in the country and has withstood deep national recessions. Median household income in the Twin Cities of $73,231 was the seventh highest…