MassBudget: A Well-Educated Workforce is Key to State Prosperity

MassBudget    Information.    Participation.  Massachusetts Budget and Policy Center    Democracy. Well-Educated Workers = High-Wage Economy  We have long known that a high-quality education is vital to helping children reach their full potential. A new paper from MassBudget and EPI documents the strong connection between a well-educated workforce and a prosperous state economy.      A Well-Educated Workforce is Key to State Prosperity finds that states with better-educated workers have economies that create higher-paying jobs. In fact, in those states with the best-educated workers median wages are roughly 30% higher than in states with less-educated workers. Since 1979, the share of Massachusetts workers with a bachelor's degree or higher has more than doubled, and over those same years state-wide wages have increased significantly.         Looking at other ways states have tried to strengthen their economies, A Well-Educated Workforce is Key to State Prosperity also finds that lowering tax rates does not seem to help states generate high-wage jobs. There is essentially no correlation between the overall level of taxation in a state and its average wages.   As part of our ongoing effort to reach new audiences, we would like to encourage you to share our Facebook post with friends and retweet messages from our Twitter feed.  A Well-Educated Workforce is Key to State Prosperity is co-authored by Noah Berger, president of the Massachusetts Budget and Policy Center, and Peter Fisher, research director at the Iowa Policy Project.  Read A WELL-EDUCATED WORKFORCE IS KEY TO STATE PROSPERITY Visit the EPI BLOG for a summary of findings View coverage of the paper in the Washington Post's GOVBEAT BLOG  The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts. MASSACHUSETTS BUDGET AND POLICY CENTER 15 COURT SQUARE, SUITE 700 BOSTON, MA 02108

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