Jon Talton comments on economic trends and turning points, putting them into context with people, place and the environment in the Pacific Northwest. His column runs every Sunday. He also makes posts in his blog. Jon Talton comments on economic trends and turning points, putting them into context with people, place and the environment in the Pacific Northwest. His column runs every Sunday. Hear Jon on KUOW's Weekday every 3rd Wednesday at 10:40 a.m.
Tough times remain for organized labor, but successful efforts in cities and states to raise the minimum wage, most notably $15 in Sea-Tac and gradually in Seattle, is something to celebrate.
Ambassador Michael Froman, the U.S. trade representative, contends that “a lot is the frustration with globalization rather than trade agreements.”
Washington is doing itself no favors by lawmakers seemingly content to let the research-and-development tax credit sunset at the end of this year. The highly successful Life Sciences Discovery Fund was saved by Gov. Jay Inslee.
A solid expansion is taking hold in the City of Destiny and Pierce County as State Farm Insurance expands, Boeing plans to build the composite tail for the 777X at Frederickson, and Toray Composites, a major Japanese aerospace manufacturer, also is expanding its Frederickson plant.
The Seattle-Bellevue-Everett region is benefiting from economic drivers specific to the Puget Sound region. But the growth rate in employment and income hasn’t matched previous eras of prosperity.
Things to watch over the next half year include the sharpening rivalry between hometown airline Alaska and deep-pocketed Delta, and whether Amazon’s amazing growth can keep going.
The Ex-Im Bank helps finance about 2 percent of U.S. exports, including Boeing jets.
It is interesting that in the age where jobs are increasingly seen as commodities that can be slashed, sent offshore for cheaper labor, interchanged or automated, only the top executives are considered indispensable.
This year’s Best of the Northwest rankings show an enviable array of public companies for a region often dismissed as an anti-business liberal hothouse. We must be doing something right.
The new rules proposed by EPA aren’t ideal. But it’s a start and could give the United States a position of strength from which to influence other nations.
Seattle is growing because its diverse economy, quality of life and the back-to-the-city movement by young people, empty-nest baby boomers and some companies is attracting population.