Can Government Steer The Economic Ship?
It's not clear whether government actions designed to fight a recession are having a positive impact.
With talk of recession in the air, we’re seeing more stories about whether households have really gotten ahead, economically speaking, in recent years. Some analysis shows the average household’s wages and income have actually retreated this decade. Some say this has been the situation for longer than three decades.
We’re hearing more in the news about the economic “r” word — a recession. Economists’ opinions today are split on whether a recession is occurring or will occur, but the mere mention of the possibility sends shivers through both Main Street and Wall Street.
North Carolina’s top income tax rate is now 6th highest in the nation. Such a high marginal tax rate on income-generating activity is the wrong message to send as the state seeks to recover from economic recession.
New research provides empirical support for an earlier column about North Carolina’s dangerous reliance on a few key industries. The state ranks low (8th out of 11 Southern states) in the diversity of its industrial base.