Michigan's per-capita income plummeting, now at 100-year low

[bmw]

https://martinwaymire.app.box.com/s/pt6 ... baf28hiyn3

Twenty years after issuing their first report on the future of Michigan’s economy, researchers at the University of Michigan and Michigan Future Inc. say the state is headed down the wrong path.

“When we first compiled the data in 2004, we feared that without a recognition of the new drivers of prosperity, we risked falling behind. Nothing really changed and Michigan is now one of the nation’s poorest states,” said economist Donald Grimes of U-M’s Research Seminar in Quantitative Economics.

OUCH.

https://news.umich.edu/michigans-knowle ... udy-shows/

Michigan’s economic standing has plummeted with the Great Lakes state now ranking 39th in personal income per capita among the 50 states. If each state’s personal income per capita grew over the next 23 years at the same rate that it did between 1999 and 2022, Michigan would end up as the 48th poorest state in the country by 2045, just above Alabama and Mississippi.

Michigan’s per capita income in 2022 was 13% below the national average, the lowest Michigan has been compared to the nation since the data was first compiled in 1929. This is the opposite of where Michigan was in the 20th century when the state was structurally a relatively high prosperity state. In 1999, Michigan ranked 16th in per capita income, slightly below the national average.

But hey, let's elect a bunch of Democrats to run our state!

[Rate This]

https://martinwaymire.app.box.com/s/pt6 ... baf28hiyn3

Twenty years after issuing their first report on the future of Michigan’s economy, researchers at the University of Michigan and Michigan Future Inc. say the state is headed down the wrong path.

“When we first compiled the data in 2004, we feared that without a recognition of the new drivers of prosperity, we risked falling behind. Nothing really changed and Michigan is now one of the nation’s poorest states,” said economist Donald Grimes of U-M’s Research Seminar in Quantitative Economics.

OUCH.

https://news.umich.edu/michigans-knowle ... udy-shows/

Michigan’s economic standing has plummeted with the Great Lakes state now ranking 39th in personal income per capita among the 50 states. If each state’s personal income per capita grew over the next 23 years at the same rate that it did between 1999 and 2022, Michigan would end up as the 48th poorest state in the country by 2045, just above Alabama and Mississippi.

Michigan’s per capita income in 2022 was 13% below the national average, the lowest Michigan has been compared to the nation since the data was first compiled in 1929. This is the opposite of where Michigan was in the 20th century when the state was structurally a relatively high prosperity state. In 1999, Michigan ranked 16th in per capita income, slightly below the national average.

But hey, let's elect a bunch of Democrats to run our state!

But the trouble is kimosabe that the Republicans ran it for most of that time period. They had EVERYTHING for a chunk of it. Hey that’s another thing in common with Alabama and Mississippi. Statistically speaking red states on the whole are poorer and more reliant on government aid than blue states. Electing a bunch of Democrats to run our state is a relatively recent phenomenon. You’re rather misguided to bring either party into what are changes largely caused by global economic forces anyways. Government can effect things some but a relatively small amount compared to the whims of economics. This is the same reason blaming or celebrating the president for the economy is idiotic.

[TC Talks]

We definitely need more union jobs and better education funding.

Both were much stronger with Democrats. Which party keeps trying to eliminate prevailing wage laws? Which party cut school funding?

Clearly Charter and Religious School aren't working.

Very simple: More education means higher wages. Union jobs pay much more.

[bmw]

From 1969 to 2002, we had a Republican governor for all but 8 years.

Since then, 12 of the last 20 years have been under Democrat control.

[Rate This]

From 1969 to 2002, we had a Republican governor for all but 8 years.

Since then, 12 of the last 20 years have been under Democrat control.

And between 1969 and 2002 the states economy sank like a stone and continued to do so until around 2010. After that it's recovered steadily, the state has a surplus and things are being fixed up. We are far ahead of where we were 14 years ago as a state. You aren't gonna turn around a 40 year decline very quickly. But if you want to raise that per capita income you had better get some high paying tech jobs and other education requiring things in here.

What was the makeup of the legislature during this 50 year time frame? It's also awfully silly for you to pile such a complicated issue on the back of which party had a governor in there. It's borderline malpractice.

[TC Talks]

Neither party have done much to strengthen the things that make our state attractive to new people. However, Traverse City has.

We currently have more millionaires in zip code 49684 than anywhere else in the U. S.

We have good schools, are we are attracting higher paying jobs with the tech incubator. Recently, a headhunter from Detroit tried to recruit tech employees from Traverse City. He couldn't match wages or quality of life.

This state must break from it's history of white collar/blue collar. It's killing us.

[radiofann]

To be fair, one must measure state and local taxation level and what the median income after taxes buy you in terms of affordable living, size of house, affordability of housing.

Look at calif and NY state, higher per capita income, I’m sure, but higher costs of living as well.

If people can still afford their home in SE mich and a cottage, or snowbird place in Florida, or without these things, if you have a reasonable retirement savings which matches the cost of,living retiring here in Michigan, I’d say match up per capita income to state tax level.

Taxfoundation.com and tax policy center.com have state taxation levels.

[CurlyHoward]

This state must break from it's history of white collar/blue collar. It's killing us.

The "fuck education, I can always go work the line" mentality persists even though most of those jobs are gone.

[TC Talks]

This state must break from it's history of white collar/blue collar. It's killing us.

The "fuck education, I can always go work the line" mentality persists even though most of those jobs are gone.

The trouble is that unskilled jobs don't pay sustainable wages. I see people screw around with service jobs for almost a decade and realize it's really hard to pivot to something more sustainable.

[MWmetalhead]

https://martinwaymire.app.box.com/s/pt6 ... baf28hiyn3

Twenty years after issuing their first report on the future of Michigan’s economy, researchers at the University of Michigan and Michigan Future Inc. say the state is headed down the wrong path.

“When we first compiled the data in 2004, we feared that without a recognition of the new drivers of prosperity, we risked falling behind. Nothing really changed and Michigan is now one of the nation’s poorest states,” said economist Donald Grimes of U-M’s Research Seminar in Quantitative Economics.

OUCH.

https://news.umich.edu/michigans-knowle ... udy-shows/

Michigan’s economic standing has plummeted with the Great Lakes state now ranking 39th in personal income per capita among the 50 states. If each state’s personal income per capita grew over the next 23 years at the same rate that it did between 1999 and 2022, Michigan would end up as the 48th poorest state in the country by 2045, just above Alabama and Mississippi.

Michigan’s per capita income in 2022 was 13% below the national average, the lowest Michigan has been compared to the nation since the data was first compiled in 1929. This is the opposite of where Michigan was in the 20th century when the state was structurally a relatively high prosperity state. In 1999, Michigan ranked 16th in per capita income, slightly below the national average.

But hey, let's elect a bunch of Democrats to run our state!

Trade policy that shipped manufacturing jobs overseas by the hundreds of thousands coupled with disinvestment in things that attract jobs and new residents are contributing factors.

No one wants to move into a state with loads of urban decay, blight, poor public services at the state level, and crappy weather.

[Rate This]

https://martinwaymire.app.box.com/s/pt6 ... baf28hiyn3

Twenty years after issuing their first report on the future of Michigan’s economy, researchers at the University of Michigan and Michigan Future Inc. say the state is headed down the wrong path.

“When we first compiled the data in 2004, we feared that without a recognition of the new drivers of prosperity, we risked falling behind. Nothing really changed and Michigan is now one of the nation’s poorest states,” said economist Donald Grimes of U-M’s Research Seminar in Quantitative Economics.

OUCH.

https://news.umich.edu/michigans-knowle ... udy-shows/

Michigan’s economic standing has plummeted with the Great Lakes state now ranking 39th in personal income per capita among the 50 states. If each state’s personal income per capita grew over the next 23 years at the same rate that it did between 1999 and 2022, Michigan would end up as the 48th poorest state in the country by 2045, just above Alabama and Mississippi.

Michigan’s per capita income in 2022 was 13% below the national average, the lowest Michigan has been compared to the nation since the data was first compiled in 1929. This is the opposite of where Michigan was in the 20th century when the state was structurally a relatively high prosperity state. In 1999, Michigan ranked 16th in per capita income, slightly below the national average.

But hey, let's elect a bunch of Democrats to run our state!

Trade policy that shipped manufacturing jobs overseas by the hundreds of thousands coupled with disinvestment in things that attract jobs and new residents are contributing factors.

No one wants to move into a state with loads of urban decay, blight, poor public services at the state level, and crappy weather.

Fortunately the state has begun to turn all of the negatives around since 2010. But the weather is a problem and the manufacturing jobs are not coming back.

[MotorCityRadioFreak]

Blame the fucking Nerd. People tend to leave a place if it has poisoned water.

[Matt]

Blame the fucking Nerd. People tend to leave a place if it has poisoned water.

Rick Snyder saved Michigan. It's unfortunate the Flint EM was not as competent as Kevin Orr, but more blame falls on Flint's failed local government. Any complaints about Benton Harbor under Whitmer's watch?

[MotorCityRadioFreak]

Blame the fucking Nerd. People tend to leave a place if it has poisoned water.

Rick Snyder saved Michigan. It's unfortunate the Flint EM was not as competent as Kevin Orr, but more blame falls on Flint's failed local government. Any complaints about Benton Harbor under Whitmer's watch?

Snyder saved his ass. Right to work for less? He was the jerk supporting it. Rolling back the film credits and moving the film industry out of state? Snyder. Reinstate the pension tax? Jerk Nerd again. The dude is a loser, and you are better than that.

[TC Talks]

Blame the fucking Nerd. People tend to leave a place if it has poisoned water.

Rick Snyder saved Michigan. It's unfortunate the Flint EM was not as competent as Kevin Orr, but more blame falls on Flint's failed local government. Any complaints about Benton Harbor under Whitmer's watch?

Actually David Muchmore is primarily to blame for Flint. He forced the water deal to help several fracking donors who needed the water pipeline from
Lake Huron. Google it.