The story of the boy who cried ‘STEM Labor Shortage’

It is no generally conceded that the current economic environment is qualitatively different from that which prevailed little more than a decade ago.  That is, we are in the midst of a “new economy” . . . . . . Clearly Maine has a significant challenge in amassing the highly skilled human resources that are […]

In Maine, Coincident Index slows, but job growth remains strong

From the Philadelphia Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for September 2014. In the past month, the indexes increased in 43 states, decreased in four, and remained stable in three, for a one-month diffusion index of 78. Over the past three months, the indexes increased in […]

Business-targeted tax cuts do not improve state economies

FROM a London School of Economics and Political Science paper by Soledad Artiz Prillaman and Kenneth J Meier (my emphasis): Studying the 50 U.S. states over the past four decades, we find that tax incentives to businesses prove unhelpful in stimulating economic growth and may even be harmful to state economies. Over the past 30 […]