If Indiana is doing so well, why are we doing so poorly? By now you’ve heard Indiana continues to have a declining unemployment rate, which is below the unemployment rate nationally.
Yet our median household income is 8.6 percent lower than the figure for the nation. Our median household income, adjusted for inflation, is 18 percent below our own previous peak back in 1999. That is twice the nation’s fall of 9 percent over the same 15-year period.
It comes down to a simple reality: Indiana public policies are focused on jobs and not wages. Many of our economic development officials and our elected political leaders would rather accept short-term success in bringing low-paying jobs to Indiana than financing the more difficult long-term solutions that lead to higher earnings.