labor force

Many people ask me about the challenges for the North Dakota economy moving forward. This is much more difficult to do than it may seem; there are no easy answers here. There are many reasons for this. What seems to be an problem now may resolve itself of its own accord in the near future. It could also be the case new problems arise as a result of federal policy or technological innovations. As Yogi Berra said, “Predicting things is hard. Especially about the future.”

Continue reading Challenges for North Dakota, pt. 1

Read more

After the boom comes the bust, or so we are told. One of the more interesting questions for North Dakota is the extent of the pain, if any, felt during the bust, and how it ends up distributed across the state. To help answer this question we need to continue analysis of the circumstances of growth in North Dakota during this century. Call it a Nearby Economic History.  A better understanding of the process of economic growth in the state is 1) important in its own right (knowledge for its own sake is seldom bad), and 2) potentially useful information as the state discusses policies going forward.

Continue reading Continuing Explorations in ND Growth

Read more