Republican Governor And Business Community Pushing For Higher Taxes

Republican Governor and business community pushing for higher taxes

You read the headline right. In Oklahoma, not Michigan. NPR, in a story entitled Tax cuts put Oklahoma in a bind, now Gov. Fallin wants to raise taxes, provides an overview of the push to raise taxes in a deeply red state. NPR writes: In her State of the State address Monday, Gov. Mary Fallin expressed the state's frustration. "We have…

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Breaking Down The Student Loan “crisis”

Breaking down the student loan “crisis”

Many believe that we have a student loan “crisis” on our hands. And indeed, the total level of outstanding student loan debt - $1.4 trillion at present – is striking. However, cumulative numbers like this, generally presented as evidence of the “crisis,” actually tell us very little about the actual impact of loans and debt on individual students. In October…

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Needed For All: Education For Losing Job(s)

Needed for all: education for losing job(s)

Must-read Linkedin column by Heather E. McGowan entitled Preparing Students to Lose Their Job. It is the best description I have read on the need to change the mission of education from one that prepares people for a job to one that prepares people for continuous job loss. Largely because of machines increasingly doing the work now done by humans, we are…

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Regional Prosperity Increasingly Linked To Four-year Degrees

Regional prosperity increasingly linked to four-year degrees

In my last post we look at the growing wage premium for those who have a four-year degree or more. Debunking the conventional wisdom that our kids are now better off foregoing a four-year degree to go into the skilled/professional trades. In this post I want to explore the importance of four-year degrees to state and regional prosperity. A core…

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The Four-year Degree Wage Premium Is Growing

The four-year degree wage premium is growing

The core lesson Michigan Future has learned in more than a quarter of a century of research about the Michigan and national economy is that the single best predictor of individual and community prosperity is a four-year degree. This, of course, is now not conventional wisdom. We are constantly bombarded by way too many business and political leaders telling us…

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