Time For A New Approach For Achieving Prosperity

Time for a new approach for achieving prosperity

From our inception more than a quarter century ago Michigan Future's focus has been on achieving prosperity for all Michigan households. Recreating a Michigan that is one of the most prosperous places on the planet as we were for most of the 20th Century. In our first-ever state policy agenda we pull together all that we have learned about the…

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Low Unemployment Is Not Economic Well Being

Low unemployment is not economic well being

Three New York Times articles lay out the new reality that having a low unemployment rate does not mean that American households are doing well economically. In fact today's reality is that increasingly the two are disconnected. Lots of people working and struggling to make ends meet. As we wrote in our state economic policy agenda: A prosperous Michigan is…

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Michigan Has Had A Good Eight Years, Minnesota Has Been Better

Michigan has had a good eight years, Minnesota has been better

Over the last eight years Michigan has experienced a strong recovery from the Great Recession. The headline being 500,000 new jobs. Good news indeed for a state that lost jobs every year during the previous decade. As well as Michiganders have done the past eight years, Minnesotans have done better. Michigan’s employment growth has been stronger. But Minnesotans over the…

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Candidate Question: How Are You Going To Pay For It?

Candidate question: How are you going to pay for it?

Terrific column by editorial page editor of The Detroit News Nolan Finley entitled Where's the damn money?. Finley writes:  Pithy slogans won’t fill a single pothole. Nor will shirking from the reality that the state’s decades-long neglect of its infrastructure can only be fixed through either steep spending cuts elsewhere or significant tax increases. Keep that in mind when assessing the…

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Not Much Of A Job Ladder For Low-wage Workers

Not much of a job ladder for low-wage workers

Really interesting research from the Federal Reserve Bank of New York on low-wage workers moving up to better-paying jobs. (You can find the research here and a summary article on the research here.) The report's core findings: Using data covering the expansion following the Great Recession (2011-17) and focusing on short-term labor market transitions, we find that around 70 percent…

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