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.
Sailors stand at attention on the deck of the USS Nimitz, stationed at Naval Station Everett.
Washington state estimates that in 2012, the “military industry” was responsible for 136,000 jobs and $15.7 billion in economic activity.
Bill Gates, the richest person of our new gilded age, is not only the world’s biggest giver but also one of our most influential public intellectuals.
Creating new world-class universities not among hobbies of super wealthy today.
After WWII, the U.S. established a global order to keep the peace. Today, it is coming under increasing pressure. This is of no small consequence for Washington and Seattle. Washington ranks third among states in the value of its merchandise exports and Seattle area is fourth among metro areas.
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.