I'm surprised by the TN number, particularly with Nashville in the mix.
OT: Who had MS leading the way in wage growth?
- Thread starter horshack.sixpack
- Start date
It’s always interesting how data is presented. When you start with a lower number than everyone else, the % increase is always going to be mathematically biased to be higher for you than for others. Just like MSU football improved by maybe a larger percentage than any other SEC team, but still sucks.
I think % real wage growth relative to the median US real wages is a more accurate representation of the condition, if you are insisting on only using percentages.
But hey, at least it didn’t go down. That’s certainly a good thing.
Interesting. I wonder how much of this in some states is related to population growth (or stagnancy). In MS, I haven't looked but I imagine the population has remained relatively the same in that year, so any overall national wage growth trends show up easily.
Conversely, in Tennessee, they have the double whammy of people moving out of Memphis and taking jobs with them into MS and AR, plus a huge influx of people into Nashville. There is certainly some industry growth in Nashville, but a lot of people are also moving there not with jobs necessarily, but just "because it's Nashville". Seems like that might hurt wage growth stats.
Conversely, in Tennessee, they have the double whammy of people moving out of Memphis and taking jobs with them into MS and AR, plus a huge influx of people into Nashville. There is certainly some industry growth in Nashville, but a lot of people are also moving there not with jobs necessarily, but just "because it's Nashville". Seems like that might hurt wage growth stats.
Yeah, I recognized that at likely the lowest in the nation, small moves hit percentages pretty hard.
Perhaps. I mostly read the pictures and occasionally dig into the data. I follow Visual Capitalist on LI, so SPS sometimes gets subjected to their graphs when I find something interesting...
