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Minnesota’s economic news, w/e 2/8/19

Federal taxes and spending

Fox NewsRep. Ilhan Omar floats taxing rich up to 90 percent

Economic growth

Winona Daily NewsMidwest economy: January state-by-state glance

Star TribuneMinnesota, Midwest manufacturers report growth despite inflation and trade woes

WNAXMid America Economy Showing Signs of Strength

Economic development

KSTPWith generators slated to retire, Becker looks to diversify economy

Minneapolis/St. Paul Business JournalDon’t worry about the robots yet; Twin Cities rank low for automation risk

Minn PostThe ‘angel’ tax credit for investors in startups could be on its way back to Minnesota

Labor market

WatchdogMinnesota’s unemployment rate lowest since ’99, still lags behind U.S. in economic productivity

Minn PostWith Minnesota unemployment so low, why aren’t wages going up more?

Construction DriveMinnesota groups push for state to allow teens to work on construction sites

Twin Cities BusinessJob Growth Has Ground to a Halt in Minnesota

Minn PostIn new report on automation, some good news for Minnesota’s workers

Wahepton Daily NewsApproximately 219,000 employees received a pay hike in Minnesota

Minneapolis/St. Paul Business Journal: Help Wanted Minnesota: Construction industry braces for worker shortages

Minneapolis/St. Paul Business JournalHelp Wanted Minnesota: Nonprofit, industry leaders promote construction careers to diverse future workforce

State and local taxes

Star TribuneWhy Minnesota needs to rethink its estate tax

Minn PostThe tax that pays for MinnesotaCare is set to expire at the end of the year. So far, legislators can’t agree on a plan to replace it

Minneapolis/St. Paul Business Journal: Help Wanted Minnesota: Why our stagnating labor force needs your attention now

Trade

Star TribuneTariffs could cost Minnesota 16,100 jobs, free-trade group says

John Phelan is an economist at the Center of the American Experiment. 

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