BuckeyeBlog

Some thoughts about Texas left over from my previous post. As mentioned, according to the US Dept of Labor, Texas added 139,000 jobs so far in 2008. Think what kind of job growth they would have there under a strong national economy. So far in 2008 Ohio has added a paltry 6,000 jobs.

Since the bottoming out of national manufacturing employment in March, 2004, Texas has added 40,000 jobs in the high-paying manufacturing sector. Ohio has lost a further 61,000 jobs.

Weekly wages in Texas are $831 through the 3rd quarter of last year. In Ohio, $730.

Could it be just a coincidence that one manufacturing state with no income tax, no compulsory unionization and a regulatory environment that gets out of the way of free markets is growing so much more robustly in terms of employment and wages than another manufacturing state burdened by a lack of economic and workplace freedom?

Nope, no coincidence. Our empirical work has and will continue to demonstrate this truth: the path to prosperity is lit by economic freedom, individual liberty and limited government.

Tags: Economy, Jobs and Prosperity, Taxes, Texas

This entry was posted on Tuesday, July 22nd, 2008 at 2:44 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.