As the governors talk about the wonderful economies in their states - and in their state of the state speeches, both the governors of Washington and Idaho talked about them - the relevant numbers were those of business and job creation.
Those are reasonable numbers, but they tell only a part of the story, and not the part of the story that most people in those states directly experience. For most people, a more relevant measure would be the growth, or not, of personal income, and how that compares to the national picture. And here, the tales of the states diverge. (more…)