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http://www.michiganfuture.org 37
http://michiganblogger.com 6

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Transcript

  • 1. 1
    www.michiganfuture.org
  • 2. Our goal
    A high prosperity Michigan
    2
  • 3. What state do we want to emulate?
    3
  • 4. 10 Most Prosperous States
    4
    Connecticut
    New Jersey
    Massachusetts
    Wyoming
    Maryland
    New York
    Virginia
    Alaska
    Washington
    New Hampshire
  • 5. Looking at “income” more closely
    Components of Per Capita Income
    Private Earnings
    Government Earnings
    Dividends, Interest, Rent
    Transfer Payments
    Social Insurance Taxes & Resident Adjustments
    Goal is to be high in Private Earnings
    5
  • 6. Breaking down income
    6
    Key numbers in our analysis
  • 7. Best states in private income
    7
  • 8. Worst states in private income
    8
  • 9. Traits of prosperous states
    High proportion of wages from knowledge industries
    High proportion of college grads
    Big metro with higher per cap income than state
    Largest city in that metro has high proportion of college grads
    9
  • 10. What is the knowledge economy?
    10
  • 11. Michigan’s income rank aligned with our college attainment rank
    11
  • 12. 10 Most Prosperous Regions
    San Jose/San Fran.
    Washington/Balt.
    NY/Newark
    Hartford
    Boston/Worchester
    12
    Seattle
    Houston
    San Diego
    Denver/Boulder
    Philadelphia
  • 13. Major metros smarter
    13
  • 14. Major metros richer
    14
  • 15. Big metros winners in private earnings
    15
    Resources are flowing from largest metros
    to smaller communities
  • 16. Metro Detroit vs. Metro Minneapolis
    16
    2009 Rank among 55 metros 1 million population or more
  • 17. Metro Grand Rapids vs. Metro Minneapolis
    17
    2009 Rank among 55 metros 1 million population or more
  • 18. Metro Lansing vs. Metro Madison
    18
    2009 data
  • 19. High education industries growing in U.S.
    19
    $45,558
    $59,926
    Employment change 2001-09
    $33,383
  • 20. High education industries doing best in Michigan
    20
    $54,964
    $43,645
    Employment change 2001-09
    $34,646
  • 21. Recession accelerates trends
    21
    Date
  • 22. Our conclusion:
    22
    The places with the greatest concentration of talent win!
  • 23. Young talent is aggregating in urban regions
    Younger college grads
    Blue = With children
    Red = Without children
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30. Our recommendations
    Align Michigan culture with the flat world realities
    Create places where talent wants to live
    Ensure success of vibrant higher ed system
    Reinvent K-12 education to align with new realities
    Develop new public and – more importantly – private sector leaders
    30
  • 31. Bottom line
    We must get younger
    and better educated
    or
    we will get poorer
    31
  • 32. For more information about Michigan Future, our reports or what the media is saying, please visit our Web site at:
    www.MichiganFuture.org
    32