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Priceless
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So says Slate
Let’s compare Massachusetts to its peers on three basic measures of success: education, social well-being, and economic strength. Some Americans believe good results on these metrics are the goals of responsible government, and others believe they’re the happy consequences of free markets. But however we get there, these are desirable outcomes for all Americans.
First up is education, the foundation of America’s meritocratic values and the key to whatever success the country will find in a globalized, knowledge-based economy. Massachusetts is renowned for its higher-education institutions. Less well known, though, is that the home of the original Tea Party also has the best schools in the country. On the most basic measures of educational achievement—fourth- and eighth-grade math and reading skills—Massachusetts tops the nation.
Education Week’s Quality Counts 2012 report expands on this success. On their overall index, Massachusetts ranks second, to Maryland. But on two of the index’s most important measures of results—a lifetime educational Chance for Success index, and a K-12 Achievement index that bundles metrics such as test results, year-on-year improvement, and the gap between poor and wealthier kids (perhaps the truest test of our fabled meritocracy)—the Bay State again leads the nation.
And most of the world. According to a 2011 Harvard study, while reading proficiency in Mississippi is comparable to Russia or Bulgaria, Massachusetts performs more like Singapore, Japan, or South Korea. Often better: Massachusetts students rank fifth in the world in reading, lapping Singapore and Japan, and needless to say, every state in the union. In math, Massachusetts slots in a global ninth, ahead of Japan and Germany. (Some international educational studies rank Shanghai and Hong Kong as separate countries; if this wasn’t done, Massachusetts would likely rank two places higher.)
Finally, let’s take a purely dollars-and-cents look at Massachusetts. No matter where you start on the political spectrum, this is the most important question, because many Americans believe we must choose between social investments and a competitive economy. So what economic sacrifices is Massachusetts making to achieve such extraordinary educational and social outcomes?
None, apparently. Massachusetts has the second-highest per capita personal income among the states. Unemployment in March was 6.5 percent, well below the national 8.2 percent. Its state per-capita GDP ranks sixth-highest. Its median household income (a measure of widely-distributed income) is fifth.
Massachusetts is looking particularly sharp when it comes to the globalized, tech-driven economy on which America’s superpower standing hinges. According to a 2011 report, Massachusetts has the highest per-capita venture capital, patents, and technology licensing of 10 leading high-tech states. Worker productivity in Massachusetts (GDP per employed person) is the third-highest in the world. And research and development spending as a share of GDP in Massachusetts is higher than any country anywhere.
Massachusetts is as green as it is high-tech, and recently displaced California as the nation’s most energy-efficient state. No surprise, then, that the Kauffman Foundation put Massachusetts at the top of its New Economy Index. More surprising, perhaps, is CNBC’s index of America’s top states for business. This is a calculus so ruthlessly focused on corporate competitiveness that it marked states down for high union membership. Massachusetts came in sixth. Not bad for the People’s Republic.