Then there’s Kansas. They’ve gone all in on supply-side, trickle down, and they’ve got bupkis to show for it. This figure is from my own recent work, so it’s not as cute as the others, but it makes the point. It plots job growth in Kansas, the nation, and as a control for regional economic conditions, the four states surrounding KA (MO, NE, CO, OK). Once again, supply-side growth effects are beyond nowhere to be seen–KA employment growth has significantly underperformed its neighbors and the rest of the country.
From the perspective of progressive political economy, last year was an awfully tough one on many fronts. On the other hand, that makes it a good year for interesting graphics, which reminds me of the old saying: “may you live in uninteresting times.” Either way, you can count on me and my CBPP colleagues to continue to produce accurate, timely analysis that I suspect will be even more important this year as we document the pending threats to much that we value.