📢 Turns out, our state economy outperformed over the long haul. Oregon's main problem is not the lack of prosperity, but the lack of shared prosperity!!
In this powerful new report from OCPP, we explain how Oregon is leading the nation in several key areas.
FULL REPORT here: https://bit.ly/4u5xGxZ
Some quick stats that WILL HIT YOU HARD:
⚡ Economic growth: From 1997 to 2024, Oregon’s GDP grew 111 percent — outpacing the national rate of 89 percent and ranking 12th among all states.
⚡Per capita economic output: Per capita gross state product rose more than 60 percent between 1997 and 2024, ranking 7th nationally and exceeding the U.S. rate of 51.5 percent.
⚡ Productivity: Oregon’s worker productivity grew 55 percent from 1997 to 2024 — ranking 6th among all states and far exceeding the national rate of 34 percent.
⚡Wages: Since 2016, when Oregon’s new minimum wage structure took effect, wages for Oregon’s lowest paid workers have grown nearly 27 percent in real terms, while the median (typical) wage has risen 16 percent. Both figures outpace the national average.
#orpol #orleg #oregon @oregonhousingauthority #oregoneconomy
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