THE PIONEER BLOG
Massachusetts has seen a trend of above average unemployment rates in comparison to other New England states in recent years. This may be attributed to the greater average unemployment benefit payouts, and duration of benefits, which Massachusetts has had.
Hampden County has experienced decline in its manufacturing sector, a former backbone of its economy. However, the county has still experienced this in spite of this, showing growth in new sectors.
This blog furthers the discussion about the aging workforce by examining how decreased employment among young people as they turn to education instead impacts the issue. Then, it explains the implications of an older workforce on the future of labor and productivity in the U.S.
This blog explores the factors which have contributed to observed trends of increased employment among the 65 and older demographic in Massachusetts, New England, and the United States at large, as it pertains to the aging of the workforce.
The Massachusetts lottery made $5.9 billion in 2021, making it the fourth-highest source of revenue for the state. This confirms a long-standing trend: that Massachusettans love to play the lottery.
This post explores the difference among tax policies in Massachusetts, New Hampshire, and Florida in order to explain the increasing amount of Massachusetts residents who are migrating from the state. Tax-friendly policies are very alluring to Massachusetts residents, seeing as the state is actually increasing the personal income tax rate rather than try to lower taxes, as both New Hampshire and Florida have done.
Suffolk County employment and labor trends have seen steady growth over the past 15 years. The rise of establishments and employment in the health care sector has directly contributed to these trends. Suffolk County has now surpassed Worcester and Essex counties in labor force and employment numbers.
The estate tax has become an increasingly significant source of revenue for the Bay State in recent years. Why is this: and is it a good thing?
A proposal on Beacon Hill to expand insurance subsidies up to 500 percent of the federal poverty level, could push the small business insurance market into a death spiral, without reducing the number of uninsured and hurting those with preexisting conditions.
Licensing for many professions squeezes the supply of services, artificially inflating prices and creating wage premiums. One study from the Institute for Justice put the wage premium relative to an environment without any occupational licensing at a whopping 22 percent in Massachusetts.
While many may only remember the 1994 referendum and the laws that gave rise to it, rent control policies – and opposition to them – stretch back more than a century in Massachusetts. The laws themselves varied widely from era to era, but the reasons for them – housing shortages and a lack of affordability – have been consistent. State and local lawmakers have each seen rent control as a way for the government to mandate affordability in the housing market. Yet, as tempting as price controls have been, every policy of its kind has eventually gone out of favor. Often the result of those policies’ negative externalities, like housing disrepair; reductions in supply; gentrification; and the misallocation of rental […]
An increase in corporate ownership of housing has some experts worried about potential consequences of such a shift. One study found a link between LLC ownership and housing stock that is in disrepair, with more rapid deterioration than would be expected if ownership had not changed.
Pioneer Institute is proud to join with the media and others—including The Boston Herald, The Boston Globe, CommonWealth Magazine, Common Cause, and the ACLU—in marking Sunshine Week, March 12-18.
There is a housing crisis in the Bay State, a fact unlikely to surprise many of the state’s residents. Massachusetts consistently ranks as one of the most expensive places to live in the entire country, right up there with infamously unaffordable places such as New York and California. The state ranks poorly on several measures of comparative costs, including utilities, groceries, transportation, and healthcare. But the cost that takes up the highest percentage of residents’ income is housing. Rents and the cost of the average home have skyrocketed in the wake of the pandemic, hardly cooling as mortgage rates have risen. According to Census Bureau survey data, the median rent paid by Massachusetts renters in 2020 was $1336, nearly $500 […]
During this festive season, we want to wish you and your loved ones a joyous holiday and happy New Year.