Between now and 2035, Minnesota's declining Labor Force Participation is going to slow GDP per capita growth.
The laws of economics applied just as much in 1946 as they do now. Here, in Newsweek from this day in 1946, the great economic writer Henry Hazlitt explains some…
A round-up of the last week’s economic news stories in Minnesota.
Minnesota has low unemployment but creates jobs at a lower rate than the nation generally. And the jobs it does generate have been in lower productivity sectors of the economy.
In 1980, Nobel prize winning economist Milton Friedman turned TV presenter. Over ten episodes, his PBS program Free to Choose explored the workings of the market economy and explained how…
The laws of economics applied just as much in 1946 as they do now. Here, in Newsweek from this day in 1946, the great economic writer Henry Hazlitt explains some…
A round-up of the last week’s economic news stories in Minnesota.
With the looming closure of Whiskey Junction in Minneapolis, we can start to see the victims of the city's job killing $15 minimum wage
Whiskey Junction has been Minneapolis watering hole since the 1880s, but no longer: the bar is closing at the end of this month. The Pioneer Press reports: Owner Tom O’Shea…
More people working means more goods and services which means a higher standard of living. But the purpose of work is production, it is not an end in itself. In…
Minnesotans would have been $3,500 better off in 2016 if the state's workers were as productive as the national average. Why aren't they? We discuss this in our new report, The State…
In 1980, Nobel prize winning economist Milton Friedman turned TV presenter. Over ten episodes, his PBS program Free to Choose explored the workings of the market economy and explained how…
Milton Friedman (1912-2006) was one of the greatest economists of the 20th century. But, along with his academic work, he was a gifted writer of economics for a lay audience.…
A round-up of the last week's economic news stories in Minnesota.
Contrary to much myth, free markets do have mechanisms to raise earnings. When wage rises are decreed by government, some workers lose out to pay for it. But when those higher wages come…
Minnesota's economy grew more slowly than 43 other states in the second quarter of 2017. Much depends on trends at the national level, but the variations suggest that local factors…
Minnesotans work hard and greater numbers than the national average. But they produce less than the national average. So, while GDP per capita is relatively high, GDP per worker isn't…
A new report by Center of the American Experiment finds Minnesota’s economy continued to be lackluster in 2017 with slightly below average economic growth, lagging productivity and personal income gains…
Politicians passed high state tax rates into law. They told us high taxes are a good thing. They have repeatedly said that tax rates don't affect decisions about location, employment,…
In 1980, Nobel prize winning economist Milton Friedman turned TV presenter. Over ten episodes, his PBS program Free to Choose explored the workings of the market economy and explained how…
The laws of economics applied just as much in 1946 as they do now. Here, in Newsweek from this day in 1946, the great economic writer Henry Hazlitt explains some…
A round-up of the last week's economic news stories in Minnesota.
(Photo Credit: The Markle Foundation) A new report from Center of the American Experiment reveals that there’s “gold in a two-year degree.” The study found that young Minnesotans who choose…
In 2011, Sen. Bernie Sanders wrote "These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes…