Relatively ‘rich’
A conservative group puts Oklahoma in the top 15 of states in terms of “economic competitiveness.” The American Legislative Exchange Council favors states that aren’t trying to tax their way back into solvency. Utah was tapped as the best in this regard; New York is the worst. Oklahoma did well because of growth in gross domestic product and personal income between 1997 and 2007. The “Rich States, Poor States” report also favors states with right-to-work laws and a minimum wage that doesn’t exceed the federal floor rate. By these measures, Oklahoma ranks low among those who favor higher taxes, closed union shops and a state minimum wage. People and business leaders looking for a place to prosper, though, are put off by states such as New York and California. An example is Arthur B. Laffer, one of the study’s authors, who’s famous (or infamous if you don’t like him) for his supply-side economics position. He moved from California (ranked 43rd in the study) to Tennessee (ranked 9th).
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