Economist Robert Genetski has taught at NYU and University of Chicago’s Graduate School of Business. He’s written a number of new books. Most recently,” Classical Economic Principles & the Wealth of Nations.” Genetski stopped by our WGVU studios. A student of right-to-work he explains how it impacts states making it law.
“If you look at the past 20 years the top 10 performing states in the country, nine out of 10, nine out of the top 10, first nine, were all right-to-work states. The 10th was the state of Washington. Washington is not a freedom-to-work or right-to-work state, but it does not tax individual income, it does not tax corporate income. So, it gives their people more freedom on the tax side. If you look at the opposite, the 10 worst performing states in the country, they were all not right-to-work states, and all of them tax individual and corporate income. They did not give people freedom.”
Genetski explains that freedom is the key driving force behind economic success at the state and federal level. He tells us Canada’s Frazier Institute studies indicate this economic freedom supports a higher standard of living and the poor do better as well.
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