News

NC upper middle-class grew sharply over 14 years, Census figures show

NC's income distribution has shifted measurably upward since 2010, with fewer households at the bottom and more at the top, even after adjusting for inflation. The finding supports a recent American Enterprise Institute study arguing that the so-called "shrinking middle class" reflects upward mobility, not economic decline.

David N. Bass
Opinion

Facts must come before explanations

Who is to blame for North Carolina losing its industrial base over the past two decades? Misguided federal lawmakers who passed free-trade agreements? Foolish state policymakers who refused to invest in new infrastructure? Overzealous local regulators? I’ve heard each of these explanations before. Perhaps you have, too. But none constitutes a valid explanation for North...

John Hood

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Opinion

Health costs drive our budget debates

While the government shutdown in Washington and the state budget impasse in Raleigh involve different actors and effects, there is a common denominator: the extent to which debates about public finance are really debates about health care costs. When Democrats in Congress refused to support a continuing resolution to keep all federal agencies open, their...

John Hood