The migration patterns of US households last year followed predictable patterns based on differences among states in economic growth, vitality, and dynamism, labor market robustness, fiscal health, and party control of state legislatures. To answer the questions posed above, there are significant differences between the top five inbound and top five outbound states when they’re compared on a variety of measures of economic performance, business climate, tax burdens for businesses and individuals, fiscal health, and labor market dynamism.
There is empirical evidence that Americans do “vote with their feet” when they relocate from one state to another, and the evidence suggests that Americans are moving from states that are relatively more economically stagnant, Democratic-controlled fiscally unhealthy states with higher taxes, more regulations, and with fewer economic and job opportunities to Republican-controlled, fiscally sound states that are relatively more economically vibrant, dynamic and business-friendly, with lower tax and regulatory burdens, and more economic and job opportunities.
Who’d a-thunk it? Americans vote with their feet because they value jobs, economic freedom and prosperity, entrepreneurship, lower taxes, and less government over the opposite?
The Economics and Political Science Room
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