Andrew Sum on the sad state of Massachusetts’ economy
Mass Inc.’s magazine CommonWealth has a terrific interview with Andrew Sum, director of the Center for Labor Market Studies at Northeastern University. You should absolutely read the interview. I’ll include just this one brief quote in which he addresses Massachusetts’s jaw-droppingly weak job creation performance over the past two decades:
We put too many of our eggs in too small a number of baskets, and what you’ve got is an overdependence on health care and social services.
That is, an over reliance on the tax privileged non-profit sector.
Many, many more gems – including lots of hard data – can be found in the interview so go read it.
