Accounting for Growth: Human capital and education
Back in October, I wrote about Minnesota’s relatively poor performance on GDP per capita growth in the last decade: Data from the Bureau of Economic Analysis (BEA) show that in nine of…
Back in October, I wrote about Minnesota’s relatively poor performance on GDP per capita growth in the last decade: Data from the Bureau of Economic Analysis (BEA) show that in nine of…
When Gross Domestic Product (GDP) shrank in the first quarter, many commentators were quick to blame the Trump administration. When GDP surged in the second quarter, many other commentators were…
Last week, I noted that “[i]n every single year since 2014, Minnesota’s economy has grown more slowly, in real terms, than that of the United States. What accounts for this?…
A new report from the Minnesota Chamber of Commerce has generated some interest among the state’s media this week. Headlines include: KSTP: MN Chamber of Commerce report says the state’s…
Yesterday, I wrote that “Per capita economic growth comes from three sources,” one of which is “Growth in human capital, the quantity and quality of the labor provided.” I also…
The recent film “A Precarious State” has drawn a number of responses, a recurring theme of which is that Minnesota’s problem is its slow growing economy resulting from its slow…
In our report “The State of Minnesota’s Economy: 2020: A focus on economic growth,” we wrote that: Per capita economic growth comes from three sources: an increase in the amount…
The (not-so-shocking) truth about Minnesota’s agriculture. A while back, some soul searching was done at the Star Tribune, pondering why, outside the Twin Cities metro, so few Minnesotans use the…
Yesterday, Gov. Tim Walz surprised many by announcing that he will run for an unprecedented third term in office. No doubt he believes that he will be better placed for…
Back in May, when the Bureau of Economic Analysis (BEA) announced that “Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025…
A while back, some soul searching was done at the Star Tribune, pondering why, outside the Twin Cities metro, so few Minnesotans use the paper for anything other than lining their…
That was then… Back in 2023, there was much excitement among Minnesota’s political leaders and journalists when our state placed fifth on CNBC’s annual ranking of “America’s Top States for Business.” Some…
In American Experiment’s 2021 report, “The State of Minnesota’s Economy: 2020 — A focus on economic growth,” we wrote: "What matters for economic welfare is per capita income. This is…
When it comes to education spending in Minnesota, there never appears to be enough dollars at play. Gov. Walz and the teachers’ union continually call to “fully fund” public schools,…
Yesterday, the Bureau of Economic Analysis (BEA) announced that: Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January, February, and…
In American Experiment’s 2021 report, “The State of Minnesota’s Economy: 2020 — A focus on economic growth,” we wrote: What matters for economic welfare is per capita income. This is…
Last week, I wrote about how the growth rate of per capita Gross Domestic Product (GDP) can be broken down into the share that comes from growth in human capital,…
In American Experiment’s 2021 report “The State of Minnesota’s Economy: 2020 — A focus on economic growth,” we wrote: What matters for economic welfare is per capita income. This is…
Back in 1994, the economist Paul Krugman wrote: Productivity isn’t everything, but in the long run it is almost everything. A country’s ability to improve its standard of living over…
Spending on E-12 public education is Minnesota’s biggest general fund expenditure. For the 2024-2025 biennium, E-12 education makes up nearly 35 percent of all general fund dollars and is expected…
Last week, the Bureau of Economic Analysis (BEA) released data for state Gross Domestic Product (GDP) in the second quarter of 2024. It showed that: Real gross domestic product increased in…
Last week, the Bureau of Economic Analysis (BEA) announced that while “Real gross domestic product [GDP] increased in 39 states and the District of Columbia in the first quarter of 2024,”…
Bold new plans for expanding universal basic income (UBI) programs are threatened by Minnesota’s slow-growth economy. St. Paul Mayor Melvin Carter was posting just yesterday on Twitter (X) about the…
In our 2021 report “The State of Minnesota’s Economy: 2020 — A focus on economic growth,” we wrote: What matters for economic welfare is per capita income. This is a…