Michigan Income Growth Awesome
Well, well, well we kept hearing how the Right-to-Work law would crush Michigan and the middle class. The doomsayers were out in force attempting to enlighten us on the crushing economic blows that will be coming our way if the Right-to-Work law was to pass.
Does Michigan having the nation’s third fastest personal income growth in the nation count as an economic blow to the middle class?
Does that statistic equal the unions, Democrats and the media telling us the Right-to-Work law really means the “right-to-work-for-less”?
I would so NO!
The Michigan Capitol Confidential news site is reporting that Michigan’s citizens incomes grew faster than all the other states but two. The states of Washington personal income grew by 1.5% and Maine 1.4%.
Michigan’s personal income grew by 1.3% from the fourth quarter of 2015 to the first quarter of 2016, we almost tied for second best in the nation.
That led the University of Michigan economist Don Grimes to be quoted in the article stating:
“More confirmation that Michigan's economy is doing very well”
The national average of personal income growth during that same period was 1.0% on average. The states personal income growth ranged from a loss of 1.3% to Washington’s 1.5% gain. Personal income grew in every state except the states of Wyoming and North Dakota.
When you give people the ability of freedom as opposed to the lack of freedom, people will prosper.
Let’s talk about this today on The Live with Renk Show which airs Monday through Friday 9 a.m. to noon. To let me know your thoughts during the show please call (269) 441-9595.
Or please feel free to start a discussion and write your thoughts in the comment section.