Business Insider has published a ranking of state economies, and Washington State is at the very bottom of their list. Right down there after 49 other states and D.C. Oh…wait, the list is in descending order of rank.
Whoa, whoa, whoa…since when did Business Insider become a socialist-loving, minimum-wage-increase-approving, leftist pinko publication?
I suppose their methods account for something like per-capita arugula sales or Kumbaya downloads, no?
We ranked the economies of all the states and DC on seven measures: unemployment rates; GDP per capita; average weekly wages; recent growth rates for nonfarm payroll jobs; GDP; house prices; and wages. For more on our methodology, click here.
Here’s what they found:
Washington state scored extremely well on most of our metrics. Its Q2 2015 annualized GDP growth rate was a stunning 8.0%, by far the highest among the states and DC. The November 2015 average weekly wage of $1,073 was the second highest in the country, and was 5.6% higher than the weekly wage in November 2014, the third highest wage growth rate.
Huh…there goes Seattle’s minimum wage law utterly destroying our state again.