Quote:
Originally Posted by Wasatch_One
Per capita income has nothing to do with cheap jobs, it just means that money has to stretch further because of larger than avg. family size.
What you need to look at is per capita household income. Utah actually ranks 14th nationally: http://en.wikipedia.org/wiki/List_of_U.S._states_by_income
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Median household income is just as flawed, especially when you look at wages, because you don't know the distribution of the incomes for each of your samples and it's rather easy to skew the results.
The average Utahn, not family, makes an average wage of $40,950 a year (
2011). That's a pretty low number when you consider we supposedly have one of the hottest economies in the country. Of course, as I said, it's also tied to cost of living. It's much cheaper to live in Utah than it is to live Massachusetts. But still, that plays a role in cheap jobs. It's much cheaper to come to Utah and establish a business and pay less than if you're doing the same back east. You can take that comment however you want - but it's fact.
1. Utah's minimum wage is tied to the national average. There are 19 states that have a higher minimum wage than Utah. The rest either have no minimum wage laws (therefore have to pay the national average), or a law that puts their minimum wage to the national average.
2. Cost of living is low in Utah. That's not a bad thing - but it is fact. It's much cheaper to buy a bigger house in Salt Lake than it is to buy the same house in even a state like Colorado.
3. Utah ranks below the national average annual and hourly average wage.
That all adds up. I'm not saying we're a poor state - but we're not exploding with riches. It's a big reason we lack Fortune 500 companies and a great deal of millionaires and billionaires. We're a very middle class state. That's just the reality, so while those pro-business laws might entice people to the state, they're not necessarily bringing higher waged jobs. So, there is price.