GEORGE Mason University Economics Professor Tyler Cowen has a rather interesting piece in the New York Time titled The Lack of Major Wars May Be Hurting Economic Growth. Upon a cursory look, one might find Cowen’s article repugnant by assuming that he is suggesting we should engage in war to boost economic growth. However, moving […]
THERE’S been a substantial amount of discussion about the ‘need’ to increase the number of college graduates in Maine to close the purported skills gap and boost Maine’s economy. In short, the lack of skilled and educated labor in the state is restraining the state’s economy as job opportunities remain unfilled. One might conclude from […]
THE Bureau of Economic Analysis released its advanced 2013 state-by-state GDP statistics, as well as revisions for 2010, 2011, and 2012. The national economy grew at 1.8% for 2013, down from the 2.5% rate of growth in 2012. The Rocky Mountain and Plains regions were the only regions of the 8 to experience an increase […]
THERE’S been a bit of discussion on the twittersphere about Maine tax revenues, with some arguing that the record highs in tax revenues legitimizes the LePage Administration’s tax policies–in short, the supply-side argument that cuts to the tax rate will increase economic growth and tax revenues. Specifically, some have noted that Maine is generating “record” […]
THERE’S been a lot of discussion in Maine regarding projections of the state’s slowing and declining growth for the population and labor force. While policymakers continue to focus on addressing these issues, recent research from the Center on Budget Policy and Priorities offers some insight on the reasons for interstate migration. Reviewing Census and IRS data, […]
THE national jobs report for May was released yesterday by the BLS, which has given pundits, economists, and others plenty of time to sift through the data and generate a discussion. First, the usual caveats. The jobs report is comprised of two monthly surveys and subject to subsequent revisions. This means the data is both […]
THE following is from the Center on Budget and Policy Priorities, which shows the change in spending and tuition for four-year public universities in Maine from 2008 to 2014. Since 2008, spending is down 13.3% while tuition is up 14%.: (click image to enlarge)
ELIOT Cutler rolled out his plan to increase funding and overhaul the state’s education system as a means to promote economic growth. As reported by the PPH: “States that are doing well economically are almost always the states that consistently have made investments in education, from early childhood through elementary and high school, to post […]
AS I previously wrote, there is a belief in this state that the key to unlocking Maine’s economic potential is to increase the number of college graduates. However, those who espouse that view often fail to elaborate on the nuances of that plan; specifically, how increased college grads will boost economic growth. Moreover, there is […]
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