What Did $1.4 Billion Buy In Manufacturing Employment?

Menzie Chinn
By Menzie Chinn of Econbrowser
Professor of Public Affairs and Economics at the University of Wisconsin •

Since the phase-in of the Manufacturing and Agriculture Credit, Wisconsin manufacturing employment has lagged the Nation’s. Since full phase-in in 2016, the lag has persisted.

Not much…Wisconsin manufacturing employment up to February; January revised down…

Figure 1:  Wisconsin manufacturing employment from December 2018 release (red), January 2019 (blue), February 2019 (black), 000’s, s.a. Benchmarked data shaded green. Source: BLS, DWD. 

The Wisconsin Manufacturing and Agriculture Credit has cost $1.4 billion through FY2019, over twice the estimate.

Since the phase-in of the Manufacturing and Agriculture Credit, Wisconsin manufacturing employment has lagged the Nation’s. Since full phase-in in 2016, the lag has persisted.

Figure 2:  Wisconsin manufacturing employment from February 2019 (red) and US (black), in logs 2011M01=0. MAC phase-in in orange (percentage credits). Source: BLS, DWD. 

Disclosure:

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