Pennsylvania 3rd Worst in Student Debt

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Yesterday, the Washington Post reported on the toll student debt is taking on students on a state-by-state level.  Not surprisingly, Pennsylvania is ranked as the 3rd worst in the country with an average student debt burden of $32,528 and an 11.6% student default rate.  To understand what Pennsylvania can do to reverse this trend and help power the economy, read the

New Study Suggests that Low Wages Imperil Future of U.S. Manufacturing and Innovation

Debates about manufacturing wages and jobs require the ability to walk and chew gum at the same time. Let's see if we can do that.

For a half century or more the mantra has been that manufacturing jobs pay better and support a family. But a new report by the National Employment Law Project (NELP), profiled in today's New York Times, shows that  manufacturing wages for production workers have dropped below wages for all private sector workers. NELP also finds that “more than 600,000 manufacturing workers make just $9.60 per hour or less. More than 1.5 million manufacturing workers – one out of every four – make $11.91 or less.”

Cutting taxes won't spur economic growth

Flying in the face of the often heard rhetoric that tax cuts are the cure for all ills, a new study finds that cuts to business taxes are at best ineffective, and at worst harmful to state economic growth and development. A better strategy for growth is to increase investment in education and infrastructure.

Germany Makes University Education Free Again -- Pennsylvanians Take Note

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Our just-released report on Pennsylvania higher education points out that student tuition and fees at Pennsylvania's four-year state-owned universities now cover nearly 75% of university costs. Prompted by this, our friend Charlie Bacas sent us today a story on states in Germany making tuition free again.

Pennsylvania Needs to Stop Shortchanging Its Future and Invest Smartly in Higher Education

While there's been a lot of focus recently on K-12 school funding cuts in Pennsylvania, Pennsylvania higher education has experienced even larger state funding cuts in percentage terms. Pennsylvania's starting point for investing in higher education, moreover, was already near the bottom.

The list of poor rankings that reflect Pennsylvania's underinvestment in higher education is somewhat mind blowing.

For example, Pennsylvania is 48th for investment in higher education per capita.

Memory Lane -- Larry Summers on Why Some People Mow Lawns and Others Don't

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While searching for something else online, I just tripped over a letter to the editor from 1988. The letter was published during the 1988 presidential campaign, in response to a New York Times profile of the economists' advising George H.W. Bush ("Poppy") and Michael Dukakis ("Tankman").
 
Larry Summers was the economist advising Mr. Dukakis. The profile of Prof.

Pennsylvania is now dead last in job growth since January 2011

As we reported on Monday new jobs data for September were not encouraging with payrolls in Pennsylvania falling 9,600 jobs over the month.

According to data for all the states released this morning by the Bureau of Labor Statistics, nonfarm payroll employment increased in 39 states.

September job losses mark three consecutive months of job loss in Pennsylvania

On Friday the Pennsylvania Department of Labor and Industry reported that the unemployment rate fell from 5.6% to 5.7% while nonfarm payrolls fell by 9,600 jobs in September.  

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