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Economic shortfalls identified | Local | The Journal Gazette


Economic shortfalls identified
SHERRY SLATER | The Journal Gazette
An 18-month Brookings Institution study has identified three well-known weaknesses in Indiana s economy.
The 136-page report was short on surprises but long on validation, according to an official with the Central Indiana Corporate Partnership, which commissioned the study.
The challenge now for economic development officials is to persuade owners of thousands of small- and medium-sized Hoosier businesses to buy into the report s recommendations, which include investing more heavily in technology, training workers and creating better jobs, the official said.
A Ball State University economist disagrees with that conclusion, however.
Michael Hicks, director of Ball State University s Center for Business and Economic Research, said Indiana s most urgent need is for state spending on higher education, which will increase the percentage of workers skilled to operate such technology. ....

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Brookings report looks at long-term employment changes by state


Brookings used those projections to see how growth differs from the baseline in different states.
Tourism-heavy states, like Nevada, see the biggest percent differences.
DC and Massachusetts may experience smaller changes to their employment growth because of the pandemic than other states, based on a new Brookings report.
Mark Muro, senior fellow and policy director of the Metropolitan Policy Program at Brookings, and research assistant Yang You looked at how employment may change across the US over 10 years.
The analysis is based on the Bureau of Labor Statistics recent projections that consider how the pandemic may affect employment. The two alternate scenario projections from BLS take into account how potential changes in business and consumer behavior from the pandemic may affect employment in the long term.  ....

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As the pandemic continues, musicians wait in the wings


The Bel Airs spend a lot of time on the road, but the band usually plays New Year’s Eve at home in Columbia. That won’t happen this year.
Michael Cherry, 63, has been the drummer for the Columbia-based rock, rhythm and blues band for 25 years. “And I’m the new guy,” he said.
While some musicians lost a hobby or a side business with the pandemic, Cherry lost a living.
Since The Bel Airs went their separate ways when the pandemic hit in March, Cherry has been doing a hodgepodge of handyman work and spending time at home caring for his mother who has dementia. ....

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