Voices for Utah Children released today the fifth in its series of economic benchmarking reportsthat evaluate how the Utah economy is experienced by median- and lower-income families by benchmarking Utah against another state. This year’s report compares Utah to Texas. While the Economic Opportunity benchmarks come out nearly even, with Utah ahead in 11 and Texas ahead in 8, in the Standard of Living category Utah predominates in 20 categories and Texas in just two.
Voices for Utah Children’s Economic Analyst Taylor Throne commented, “It seems clear that Texas has more to learn from Utah than vice versa. In terms of economic opportunity, Utah outperforms Texas for our labor force participation rate and our low unemployment rate (see page 13 of the report). In education, while both states are in the bottom 10 for investment, Utah claims much better 4th and 8th grade math and reading scores. At the university level, Utah invests more and enjoys stronger educational attainment levels (though our younger generation has lost the lead over the nation enjoyed by our older generations.) (See page 17.) Utah ranks 1st in the nation for our low level of income inequality, while Texas ranks 38th. We also stand out for intergenerational mobility and rank #1 for education funding fairness while Texas ranks 34th (see page 21). In the second part of the report where we measure standard of living. Utah is the clear winner in most measures. Utah enjoys much lower rates of poverty and uninsured children (though both states rank at the bottom for insuring Hispanic/Latino children) (see page 25).The most recent Kids Count overall ranking has Utah 4th and Texas 45th (see page 29). Utah also has shorter commutes, higher homeownership rates, and more volunteerism and voter participation (see page 33).”
Voices for Utah Children’s State Priorities Partnership Director Matthew Weinstein commented, “The main takeaways from this report and the others in the series are that Utah’s economic successes put us in a position to make the new upfront investments we need to make now — in education, public health, poverty prevention, and closing racial/ethnic gaps — so that we can achieve our true potential and follow in the footsteps of states like Colorado and Minnesota that have become high-wage states and achieved a higher standard of living, and do it in such a way that all our children can have a better future.”
The report release presentation took place online and can be viewed here. The presenters included both Taylor Throne and Matthew Weinstein as well as a special guest, Brandon Dew, President of Central Utah Labor Council, who emphasized the importance of policies such as support for apprenticeships, which promote higher levels of workforce preparedness, and prevailing wage laws, which help maintain a higher standard for the workforce on state-funded construction project.