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Losing Local Labor: Retaining Workers Remains a Massachusetts Challenge

Joe Selvaggi talks with Pioneer Institute’s Research Associate Aidan Enright about Pioneer’s annual report on the Massachusetts labor force and discuss which trends could portend trouble for the state’s future.

Outmigration and the Labor Force

Boston University researchers just released new demographic and financial outmigration data that is cause for concern about recent trends in the Massachusetts labor force.  Among the key facts from the BU research are: In the last decade, annual net out migration has increased by a stunning 1,100 percent to 39,000 people.   There is a growing exodus of prime-age workers (24 to 54)  High wage earners are leaving Massachusetts, too. The incomes of over half of those leaving the state range from 1.3 to over 2.6 times the state average. Wealth and tax revenue collections are leaving with them. The report of Prof. Mark Williams and graduate students Yuhan Liu and Linglan Xu at the Questrom School of Business builds on […]

Study Finds Obstacles to Search for Opioid Substitute

Inflation Reduction Act price controls on the category of drugs that includes most non-opioid pain relievers reduce return on investment, disincentivize research funding BOSTON – By reducing return on investment for the category of drugs that includes most potential non-opioid pain relievers, the Inflation Reduction Act (IRA) creates a major disincentive to the development of therapies to combat the opioid epidemic that is ravaging the United States, according to a new study published by Pioneer Institute. The problem is exacerbated by the fact that pain medication research already has a higher attrition rate than research in other therapies.  A 2023 Biotechnology Industry Organization (BIO) study found that pain projects have only a o.7 percent probability of gaining FDA approval, compared […]

Annual Massachusetts Outmigration Hits 39,000, Up 1,100% Over The Last Decade: BU Study

Could rise to 96,000 per year by 2030, costing Massachusetts $19.2 billion in adjusted gross income & $961 million in income tax revenue   BOSTON (April 24, 2024) – Annual net outmigration from Massachusetts has soared by a stunning 1,100 percent to 39,000 people since 2013, according to a new Boston University Questrom School of Business study. If the trend continues, the researchers found, the state’s net outmigration could reach 96,000 by 2030. Outmigration cost Massachusetts $4.3 billion in adjusted gross income (AGI) and $213.7 million in tax revenue during the 2020-21 tax year. The majority of that money went to Florida ($1.77 billion), New Hampshire ($1.1 billion), and Maine ($393 million.) Those numbers could rise to $19.2 billion in […]

Hoover at Stanford’s Stephen Kotkin on Stalin’s Tyranny, WWII, & the Cold War

Dr. Stephen Kotkin explores Stalin’s origins, consolidation of power, and his Communist despotism. Kotkin delves into Stalin’s cunning political maneuvers, his complex relationships with other Soviet leaders like Lenin and Trotsky, and the devastating consequences of his regime, including the forced collectivization and mass starvation of millions.