- Economy
Between 2012 and 2015, Missouri saw significant out-migration, losing roughly 5,000 to 7,000 residents annually. However, since 2019, there has been a steady inflow of migrants, peaking with 11,178 in 2021. From 2012 to 2021, Adjusted Gross Income (AGI) outflows exceeded inflows by 3.9%, indicating an overall outflow of income from Missouri. A negative net AGI in Missouri implies that higher-income earners are leaving the state, while relatively lower-income individuals are arriving.
These statistics demonstrate the need to attract Christian and Conservative companies move their business into Missouri. Better jobs with more pay. We can restart the economy by adding higher paying jobs. This will also attract good people to move to our state. A good example of this strategy is South Dakota. We can and should learn from their experience and implement those processes in Missouri.
South Dakota has seen unprecedented growth over the last several years. New data from the U.S. Bureau of Economic Analysis shows that South Dakota ranks in the top 5 for growth in both gross domestic product (GDP) and personal income.
South Dakota’s GDP grew by 11% since this time last year. The state had the second largest GDP growth in the nation, nearly double the national growth rate of 6.1%.
Total personal income grew by 9.2% in the last year, putting them among the top five U.S. states. And, South Dakota nearly doubled the national personal income growth rate of 5.1%.
These numbers come when South Dakota’s unemployment is already the lowest in the American history at 1.9%.