Nearly five years later, one of these two states is doing quite well. Policy.mic had an interesting report this week.
Since 2011, Minnesota has been doing quite well for itself. The state has created more than 170,000 jobs, according to the Huffington Post. Its unemployment rate stands at 3.6% – the fifth-lowest in the country, and far below the nationwide rate of 5.7% – and the state government boasts a budget surplus of $1 billion. Forbes considers Minnesota one of the top 10 in the country for business.
As Patrick Caldwell recently explained very well, Minnesota’s gains come on the heels of tax increases on Minnesota’s top 2% and higher corporate taxes, both of which state Republicans said would crush Minnesota’s economy. As for their neighbors to the east:
By a number of measures, Wisconsin hasn’t fared as well as Minnesota. As the Milwaukee Sentinel Journal reports, Wisconsin’s job growth has been among the worst in the region, and income growth is one of the worst in the country. It has a higher unemployment rate than Minnesota. And the budget is in bad shape.
Back in January, the editorial board of LaCrosse Tribune wrote, “The governors of Wisconsin and Minnesota each presented their versions of new year’s resolutions in various media interviews last week….Which approach is better? As we enter the new year, Minnesota is clearly winning by a long shot.”