Minnesota used to significantly outperform the rest of the US in germs of gross and per capita GDP growth.
[Since] 2019 — the last pre-COVID year — Minnesota’s real GDP growth has ranked 36th out of the fifty states, coming in at 4.0%, less than half the national rate of 8.1%.
The gross GDP growth comparison is bad. The per capita numbers, even worse:
Minnesota’s recent performance is relatively poor. As Figure 2 shows, between 2019 and 2023, Minnesota’s real, per capita GDP growth ranked 39th out of the fifty states. Again, with growth of 3.1%, Minnesota’s real, per capita GDP growth was less than half that of the United States, 6.6%.
The Walz regime will respond, no doubt, as it always does; with a selfie of “Lieutenant” Governor Flanagan feeding Governor Klink a pronto pup.
Capital, productive citizens and the college kids who are the productive citizens of the future are fleeing. Businesses have been moving their non-white-collar operations out of MInnesota for decades.
Berg: Minnesota’s economy is crashing and it’s all your fault.
Walz: We’re still ahead of Wisconsin, Iowa, North and South Dakota. Plus, we’re a Sanctuary State for abortion and gender transition, so there!
Berg: [checks Zillow for his home’s value] You know, Fort Myers is the winter home of the Twins, outdoor baseball as it was meant to be played. I wonder if my employer would let me “work from home” down there . . .
I’m betting that at least one major corporation moves their HQ out of Minnesota, before Klink leaves office. I’ve heard some buzz that some of the execs at the larger firms are getting tired of Wally World.
“We’ll be a cold Nebraska” was always the chestnut liberals would throw out to counter high taxes. We can only hope that’s the case now. Thanks DFL!
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