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Joined: 28 Dec 2005 Posts: 11987
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Posted: Fri Jun 19, 2015 11:53 am Post subject: Wisconsin Growth Rate |
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PeakTrader:
Yet, over the past four years, employment growth increased much faster than population growth in Wisconsin than the U.S..
"The U.S. employment-population ratio has grown 1.5% since Mr. Walker took charge. Yet Wisconsin’s employment-population ratio has jumped 2.5%."
For article, google: A Closer Look at Scott Walker’s Record on Jobs.
http://www.wsj.com/articles/a-closer-look-at-scott-walkers-record-on-jobs-1430688558
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Wisconsin as a whole gained an estimated 14,611 (0.25%) people from 2013 to 2014 for a total population of 5,757,564. The state has gained 68,296 (1.2%) people since 2010.
http://www.jsonline.com/news/population-down-in-half-of-wisconsins-counties-in-2014-b99469267z1-297613661.html
U.S. population growth rate
http://www.multpl.com/us-population-growth-rate/table/by-year
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Bruce Hall:
Three months or six years… different pictures.
Michigan Has Third Largest GDP Growth Since Recession.
Graph - Real per capita GDP growth (by state) 2009-14
http://www.michigancapitolconfidential.com/21460
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PeakTrader:
Here’s another map from the Pew Charitable Trusts – “…numbers for states released last week by the U.S. Department of Commerce Bureau of Economic Analysis (BEA)” – June 2015:
http://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2015/6/17/most-states-show-economic-growth
And, there isn’t much difference between startups in Minnesota and Wisconsin, although Minnesota has a higher educated population, e.g. for emerging industries. Also, it looks like a regional phenomenon. List:
http://www.kauffman.org/microsites/kauffman-index/rankings/state
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Wisconsin didn’t go far enough closing the gap between overpaid government & union workers and underpaid non-union private workers.
It should raise the state minimum wage, particularly since real wages in lower-skilled industries haven’t kept up with productivity growth and the state is near full employment.
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“Arnobio Morelix, a research analyst who studies startups at the Kauffman Foundation: “Places with high startup activities tend to be attractive for reasons beyond just the economy,” Morelix said. “They are places where people want to live and people want to move.””
If Wisconsin raised the minimum wage, GSP may grow faster, and if California reduced regulations, its GSP may also grow faster.
High and low skilled jobs are both growing faster than middle skilled jobs. Article:
http://www.newyorkfed.org/research/current_issues/ci18-7.pdf
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It seems, Ohio has become more diversified than Wisconsin:
https://en.wikipedia.org/wiki/Economy_of_Ohio
Of course, Wisconsin leads the nation in the production of paper and cheese, and second in beer (with no oil, natural gas, and coal production).
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Wisconsin has been lagging Minnesota for decades.
There may be a greater drain of higher income and higher educated people, both old and young, in Wisconsin than Minnesota.
Minnesota and Wisconsin: How did two peas in a pod grow apart?
March 7, 2015
“From the 1940s to the 1960s, Minnesota and Wisconsin were as alike as “two peas in a pod.”
But then something happened: Minnesota rose while Wisconsin fell.”
http://www.startribune.com/minnesota-and-wisconsin-how-did-two-peas-in-a-pod-grow-apart/295426901/
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