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ERIC Number: ED624285
Record Type: Non-Journal
Publication Date: 2014
Pages: 19
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
The State of Working Pennsylvania 2014
Price, Mark; Herzenberg, Stephen; Sabadish, Natalie
Keystone Research Center
Pennsylvania and the nation have experienced a deep and traumatic recession and a long, slow, and painful recovery. The evidence presented in this report indicates that the recovery has been longer, slower, and more painful than it needed to be because of misguided policies crafted in Washington D.C. and Harrisburg. Since the end of 2010, as the successful American Recovery and Reinvestment Act began to wind down, economic policy have been guided by the idea that reducing spending at a time of high unemployment and sluggish economic growth would restore the economy to health. This approach, which flies in the face of an overwhelming body of experience, has not worked. This report starts by presenting the basic facts on Pennsylvania's recent economic experience, then looks at the policy context for Pennsylvania's recent economic performance, at the national and state level. The report examines the performance of the state's economy on four categories of indicators: job growth, labor-market slack, income and wages, and economic growth, then compares and ranks Pennsylvania's economic performance against that of other states since 2010. One question, of course, is how much this reflects state policies versus factors beyond the short-run control of legislators and the Governor. As the authors explain in the conclusion to this report, they think it clearly reflects both. [For the 2013 report, see ED624284.]
Keystone Research Center. 412 North Third Street, Harrisburg, PA 17101. Tel: 717-255-7181; Web site: http://keystoneresearch.org
Publication Type: Reports - Evaluative; Numerical/Quantitative Data
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Keystone Research Center (KRC)
Identifiers - Location: Pennsylvania
Grant or Contract Numbers: N/A