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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Inclusiveness Isn’t Just A Feel-good Notion; It’s An Economic Imperative

Inclusiveness isn’t just a feel-good notion; it’s an economic imperative

In researching my recent report for Michigan Future about how metropolitan Minneapolis became one of the wealthiest and most livable regions of the country, one issue was repeatedly cited to me by business and community leaders: the need to become more inclusive. That’s not something you hear much about from metro Detroit’s business leaders, who are more focused on taxes…

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