California: Higher Taxes And Surging

California: Higher taxes and surging

Turns out that California since 2010 has contributed 20 percent of the country's GDP growth with 12 percent of the country's population. As we explored previously this growth occurred primarily after California passed a major tax increase in 2012. And was written off as in permanent decline by many during the Great Recession. Conventional wisdom had it that high taxes, not…

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The Powerful Myth Of The Young, Unemployed BA

The powerful myth of the young, unemployed BA

It passes for conventional wisdom these days that there’s a large mass of young college graduates (those with a four-year degree or more) who can’t find a job. Everyone seems to have a story about a friend of a friend whose son or daughter got a fancy degree from a fancy university, but is now living in their parents’ basement,…

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A Vibrant Central City Is Vital To Regional Prosperity

A vibrant central city is vital to regional prosperity

Updated data from Joe Cortright of Impressa on the continuation of young professionals choosing to live in central cities. Cortright, using American Community Survey data, looks at the change in the number of 25-34 year olds with a four-year degree living in the largest city in each region with a population of one million of more from 2012-2016. Cortright found:…

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We Need Regional Transit To Grow Our Economy. It Shouldn’t Be That Controversial

We need regional transit to grow our economy. It shouldn’t be that controversial

A few weeks ago, Amazon announced that neither of Michigan’s major metros, Detroit and Grand Rapids, are finalists for the location of HQ2. Lou wrote about why we at Michigan Future were not at all surprised. For years, MFI has advanced an economic development strategy that would lead to a high-prosperity Michigan based on the reality that a talented workforce…

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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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