The Texas Growth Machine
The data show that the Lone Star State’s prosperity is no mirage. – City Journal
By Wendell Cox at City Journal
EXCERPTS:
… the rest of the nation could turn to the Lone Star State as a model for dynamic growth, as a close look at employment data shows. …
… job creation has far outpaced the national average. The number of jobs in Texas has grown by a truly impressive 31.5 percent since 1995, compared with just 12 percent nationwide, …
… about three-quarters were in firms with two to nine employees, …
… For industries paying over 150 percent of the average American wage, Texas could claim 216,000 extra jobs; the rest of the country added 495,000. In other words, the Lone Star State, with 8 percent of the U.S. population, created nearly a third of the country’s highest-paying positions. Texas also added 49,000 positions paying 125 percent to 150 percent of the U.S. average; the rest of the country lost 174,000 jobs in that category.
FULL ARTICLE
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