#MTGov Daily Rundown: Montana Continues to Export Young People Under Bullock
Montana college graduates make $24,000 less than national
average
(Bureau of Business and Economic
Research; pg: 17, 2016)
Montana ranks last or close to last in average earnings for
college-educated workers (Bureau of Business and Economic Research; pg: 17, 2016)
An article that ran over the weekend in the Missoulian highlights arguably the biggest economic issue under Governor Bullock: Our kids are leaving.
"For a long time, Montana hasn’t been able to hold on to its college grads, particularly those in the science, technology, math and engineering, or STEM, fields.
Only 38 percent of Montana University System bachelor’s degree recipients who major in engineering – and 55 percent of STEM degree holders overall –are employed in Montana within their first year after graduation." -Missoulian, 7/16/2016
The article cited research from the University of Montana Bureau of Business and Economic which found that, since 1990, Montana has faced an outmigration of college graduates.
“For many years, at least since 1990, Montana has experienced a net outmigration of college graduates. Two facts help illustrate this. First, there are more Montana natives with a college degree than there are college educated residents….Second, growth in the number of college educated Montanans has not kept pace with Montana’s production of college degrees." -University of Montana Bureau of Business and Economic Research, "Montana Economic Report 2016"
UM BBER officials note that the outmigration of college graduates represents a "weak link" in the state economy.
"It seems as though the only demographic that is choosing not to stay in Montana is young, college-educated people. Montana’s net migration rate of -24.2 percent for young college grads ranks 48th in the country, above only Alaska and Idaho.
The article cited research from the University of Montana Bureau of Business and Economic which found that, since 1990, Montana has faced an outmigration of college graduates.
“For many years, at least since 1990, Montana has experienced a net outmigration of college graduates. Two facts help illustrate this. First, there are more Montana natives with a college degree than there are college educated residents….Second, growth in the number of college educated Montanans has not kept pace with Montana’s production of college degrees." -University of Montana Bureau of Business and Economic Research, "Montana Economic Report 2016"
UM BBER officials note that the outmigration of college graduates represents a "weak link" in the state economy.
"It seems as though the only demographic that is choosing not to stay in Montana is young, college-educated people. Montana’s net migration rate of -24.2 percent for young college grads ranks 48th in the country, above only Alaska and Idaho.
'The loss of young college-educated workers is a weak link in Montana’s economy,' Ward said. 'In recent decades, regional economists have found that the number of skilled, creative workers in a region strongly predicts long-term regional economic success.'" -Missoulian, 7/16/2016
BBER officials cited low wages as a major reason why young people had a hard time staying in Montana.
"'Low wages and/or a lack of jobs provides the most plausible explanation for the net out-migration of young, college-educated Montanans,' Ward explained." -Missoulian 7/16/2016
Montana is 49th in the country in overall wages and 50th in the country in wages for millennials.
“When it comes to the reasons people live in Montana, wages are not at the top of the list. But you might be surprised to know that the state ranks dead last in median income for millennials. Millennials are defined by the Pew Research Center as people born between 1981 and 1997. A new study featured in Business Insider found millennials in Montana earn a median annual income of $18,000, the lowest in country.” NBC Montana, 12/14/2015)
Low wages and the outmigration of college graduates is the primary reason why Greg Gianforte, a proven job creator is running for governor.
"Unfortunately, Montana is 49th in the nation in wages, and our kids have become our most precious export. Too many kids are leaving to find opportunity elsewhere. Like many Montana families, I want to see my kids and grandkids around the table on Sunday afternoons." -Greg Gianforte
BBER officials cited low wages as a major reason why young people had a hard time staying in Montana.
"'Low wages and/or a lack of jobs provides the most plausible explanation for the net out-migration of young, college-educated Montanans,' Ward explained." -Missoulian 7/16/2016
Montana is 49th in the country in overall wages and 50th in the country in wages for millennials.
“When it comes to the reasons people live in Montana, wages are not at the top of the list. But you might be surprised to know that the state ranks dead last in median income for millennials. Millennials are defined by the Pew Research Center as people born between 1981 and 1997. A new study featured in Business Insider found millennials in Montana earn a median annual income of $18,000, the lowest in country.” NBC Montana, 12/14/2015)
Low wages and the outmigration of college graduates is the primary reason why Greg Gianforte, a proven job creator is running for governor.
"Unfortunately, Montana is 49th in the nation in wages, and our kids have become our most precious export. Too many kids are leaving to find opportunity elsewhere. Like many Montana families, I want to see my kids and grandkids around the table on Sunday afternoons." -Greg Gianforte
Those numbers will remain the same whether it's Bullock or Gianforte. Telecommuting isn't going to budge that. Besides telecommuting, what are Gianforte's ideas? I haven't really heard any, just that we need to boost wages, create jobs.
ReplyDeleteHow?