In my “No Good Deed Goes Unpunished” post I pondered the questions of social welfare and economic prosperity. A recent report in CEO Magazine listed Massachusetts as one of the worst states for business. It’s interesting though that, once again, the Commonwealth seems to be outperforming national averages in economic growth and unemployment.
While no short term static analysis can can give a complete picture of economic prosperity, it’s heartening to see that, while remembering the caveats expressed in my prior post, Massachusetts continues to take social justice seriously and continues to grow economically. As long as CEOs see any effort to help the disadvantaged, maintain infrastructure, and protect the environment as “anti-business”, we will continue to see a disconnect between overall quality of life and the measurement of business friendliness.
Update: This is an interesting analysis of the relationship of state income taxes to economic prosperity.