Our leaders in Jackson like to blame Mississippi’s weak economy on the “Obama economy.” Looks like the Obama economy did OK outside of Mississippi. But none of this has much relevance to Mississippi’s economic situation.
The simple fact is that Mississippi’s economy underperforms because, over time, our income and employment have been stagnant, eroding our economic engines in many communities.
In August Bloomberg.com reported Mississippi had the greatest drop in real median household income among all 50 states from 1999 to 2014. It was down a whopping 23.1 percent. (Real median household income is adjusted for inflation.)