IN a recent piece for Bloomberg, Noah Smith discusses the ongoing debate about the tech worker shortage and immigration. In that piece, he writes the following (my emphasis): But in a modern rich economy, a lot more people care about distribution than about efficiency, so everyone will keep on arguing about “shortages.” I wish we […]
THERE’S been some discussion in Maine about the need to increase educational attainment of the state’s workforce to boost job growth. While such discussions garner support, and the notion that Maine’s job growth would accelerate with a more educated workforce, there are some questions about the efficacy of education as an engine for economic growth. […]
ACCORDING to data released by the Bureau of Labor Statistics this morning, the Portland-South Portland-Biddeford area was the only metro area to outpace the state in job growth over the past year. From the report: Unemployment rates were lower in August than a year earlier in 322 of the 373 metropolitan areas, higher in 44 […]
FROM an op-ed titled A promise to grow jobs, shrink government that no Maine politician is making, authored by Allison Mitchell and published in this morning’s BDN: In just a month, America votes. Here in Maine, I’ll be looking for candidates smart and bold enough to call for investment in Maine’s future. As a parent, […]
WILLIAM Gale and Andy Samwick published a recent paper examining the relationship between taxes and growth, and find little correlation between the two. While there are some caveats noted in their work, Gale and Samwick strongly rebut the argument that tax rates are an impediment to economic growth. A couple of highlights from the paper: […]
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 […]
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