With inflation soaring, Americans are looking to increase their wages to keep up and, if possible, get ahead. You can put yourself in an advantageous position regarding those goals if you live in certain states in America where personal incomes are growing the fastest. No surprise, many of Your Survival Guy’s 2023 Super States are experiencing the fastest-growing wages. The Wall Street Journal’s editorial board reports:
President Biden will never admit it, but he has Republican-led states to thank for the resilient U.S. economy and labor market. Witness how an earnings surge in right-leaning states is helping compensate for sluggish growth in progressive ones.
New state personal income data from the Bureau of Economic Analysis highlights how aggregate worker and proprietor earnings in red states grew significantly more in the last year than in the blues. The disparity owes to GOP-led states adding more jobs, including in higher-paying industries like tech and finance, along with faster-growing wages.
Earnings nationwide rose 5.4% on average between the first quarters of 2022 and 2023, but much less in New York (2.6%), Indiana (2.6%), California (2.9%), Connecticut (3.4%), Rhode Island (3.6%), Maryland (4%), New Jersey (4.3%), Oregon (4.5%) and Illinois (4.6%). Apart from Indiana, these states are run by Democrats—and most have been for years. They boast high taxes and a high cost of living, which along with Covid lockdowns spurred increased out-migration during the pandemic.
Meanwhile, earnings in the same period surged in North Dakota (9.7%), New Mexico (9.6%), Nevada (9.1%), Florida (9.1%), Nebraska (8.6%), Hawaii (8%), South Carolina (8%), Alaska (7.9%) and Texas (7.7%).
Action Line: If you’re looking to survive in a better America, begin your search with Your Survival Guy’s 2023 Super States, and then click here to subscribe to my free monthly Survive & Thrive letter, and become a Survivor.
