November 22, 2013
A Ball State University economist says employment-based tax credits are more effective than tax abatement in attracting jobs to Indiana. Center for Business and Economic Research Director Mike Hicks says between 2005 and 2010, state EDGE credits created one manufacturing job per $1,000, while local abatements resulted in one manufacturing job per $30,000 in tax dollars lost. Hicks expands on the research in an interview to air this weekend on Inside INdiana Business Television, including member affiliate WTHR-13.
November 22, 2013
While the city had a larger percentage gain, Fort Wayne continues to lag significantly behind the national average annual income, which is more than $45,000. There’s still reason to stand up and cheer, said Michael Hicks, a professor of economics at Ball State University and director of the school’s Center for Business and Economic Research. He attributes the higher income percentage to companies paying employees more and an influx of workers into the job market.
November 21, 2013
Thanks to China and Saudi Arabia, Ball State University enrolled a record number of international students this fall.
November 7, 2013
CBER director Michael Hicks penned a guest column about how to help minimum wage workers.
November 1, 2013
Michael Hicks, director of the Center for Business and Economic Research at Ball State, wonders whether tight times during the recession have caused a lasting shift in consumer spending trends.
October 18, 2013
The numbers are abysmal. For every $1 the average American worker makes, the typical Hoosier is paid 86 cents. Our state ranks 40th in the nation in income, a drop of 10 spots in the past 30 years. Per-capita incomes in Indiana, according to a recent Ball State University study, are at the nation’s 1996 level — that’s back to the days when Bill Clinton and Bob Dole were competing for the presidency.
October 3, 2013
The economic impacts of a government shutdown are likely to vary depending on geographic location, how many federal employees live in a given area, and how long the partial halt in operations lasts, according to one economist. Ball State University economist Michael J. Hicks (no relation to the author of this article) made those conclusions based on an analysis of the unemployment rates and employment levels in the nation’s capital during the 11 shutdowns that occurred since 1976.
September 20, 2013
DPI director Robert Yadon penned a guest column.
September 14, 2013
Most worrying for the movement, even public-sector unions, whose membership has remained stable for 30 years, are in trouble in some places. Last year in Wisconsin unions rallied to recall Scott Walker, the governor, after he limited collective-bargaining rights. But they failed, and public-sector union membership fell by a quarter in a year. Backers of “right-to-work” laws, under which workers in unionised sectors are not obliged to pay dues, have begun to make inroads in the rustbelt. Public-sector unions remain strong, rich and powerful in California and the north-east, but overall membership dipped slightly last year. Michael Hicks at Ball State University expects pension pressures to lead to further decline.
September 8, 2013
Michael Hicks, director of Ball State University's Center for Business Research, said the roots of the system date to the time of the Louisiana Purchase in the wake of the French and Indian War. The hundreds of trustee offices, which have largely been eliminated elsewhere, give Indiana the dubious honor of having more units of local government per capita than any other state.
Note: This story originated with the Kokomo Tribune and was distributed nationally by Associated Press.
August 23, 2013
Many Hoosiers earn personal incomes that are decades behind their working counterparts in the rest of the country, a new Ball State University study says.
April 20, 2013
Indiana's jobless rate holds steady in March
Michael Hicks, an economist and director of Ball State University's Center of Business and Economic Research, said the resiliency and relative strength of Indiana's economy is the one bright spot in the unemployment report.
"With job losses of 11,000, we still see overall job numbers over the past year exceeding all but a few states," he said. "Moreover, we enjoy a growing labor force, which speaks well to long-term prospects. Still, these numbers are bad, and with a worsening national economy, employment data are likely to disappoint for months to come."
April 11, 2013
Ball State Economist Explains Chained CPI
Those opposed to the chained CPI say it will mean smaller increases in Social Security checks over time. Ball State Economist Mike Hicks says the chained CPI allows people to choose between similar products in places where they're cheaper. He says many economists believe the current CPI overstates inflation because it doesn't take this into account.
April 5, 2013
US Job Growth Slows, Jobless Rate Dips
Another economist, Michael Hicks of Ball State University in Indiana, says it may take a decade or longer to get back to the unemployment levels seen before the financial crisis.
April 2, 2013
Brave New Burbs: Indy's Outlying Areas Are Booming
Ball State’s Beaubien says. A healthy city has to have healthy suburbs—it’s not one or the other. And the more choices a region provides, the better. “It’s the equivalent of a community only having a Ford dealership,” he says. “If someone wants a Toyota, they’re going to have to go somewhere else.
March 30, 2013
Universities work to boost performance, state aid
Ball State President Jo Ann Gora told the House Ways and Means Committee in January that the school has been at a disadvantage because it has worked to raise admission standards and the quality of programs while keeping enrollment around 16,000. That strategy, along with Ball State's focus on non-STEM degrees, has hurt it’s funding, she said. Note: Associated Press distributed this story nationally.
March 19, 2013
Matthew Tully: Suburban flight and the CityWay in Indianapolis
Many people find these questions to be simple ones, at least based on a new Ball State study that showed Hamilton, Hendricks and Johnson counties experiencing the state’s largest net migrations in recent years -- meaning people moving in from another county. Marion County suffered the lowest such migration, meaning thousands more moved out than moved in.
March 17, 2013
Migration study: Hamilton County continues to lead in population growth
Though it continues to draw more new residents than any other city in the state, Indianapolis continues to lose population at a slightly higher rate, according to a new population-movement study by Ball State University. Hamilton County, the suburban neighbor to the north, continues to reap the benefits. "It is kind of surprising that the rankings are so consistent," said Dagney Faulk, the director of research, who co-authored the study. "Hamilton County has had the highest population growth for years, it’s always at the top. Marion County has the most moving in, but they also have the most moving out. It’s the classic story that’s been going on for decades all across America."
February 18, 2013
'Reader's Digest' Parent Company FIles for Bankruptcy Protection
"I think it probably is the end for Reader's Digest," David Sumner, a professor of journalism at Ball State University, tells our Newscast unit. "It's facing problems from two or three different levels — from declining readership, advertising, more so than the vast majority of American magazines."The average reader of the magazine, Sumner says, is in her 50s, and her household income is between $50,000 and $60,000. Note: This story ran on NPR affiliates across the nation.
February 18, 2013
Will Bass Pro Shops lure people to Tampa Bay area?
Another Bass Pro fan is Michael Hicks, an economist at Ball State University. Hicks has written a research paper on Cabela's, a Bass Pro Shop rival with a similar rustic theme and entertainment offerings.
February 4, 2013
Report: Rising gas prices may make public transportation more attractive to Hoosiers
Rising gas prices over the coming decade may make public transportation significantly more attractive to Hoosiers, say three new reports from Ball State University.
February 3, 2013
Heed leaders' cautions on college funds
President Jo Ann Gora of Ball State University told legislators last month that a cumulative loss of $77 million is “unsustainable."BSU is punished for raising admissions standards, she said. "We would like a greater recognition of the quality of the education experience," Gora said in an interview, noting that the university increased its graduation rate by 12 percent over the past decade. "We believe, and our trustees believe, in our approach. That is why we are so troubled that this formula does not recognize our success."
January 16, 2013
Walmart's Veteran Hiring Plan Draws Praise, Skepticism
Walmart is such that they ought to easily accommodate any vet looking for work," said Mike Hicks, a Ball State University economist who has studied Walmart's retail impact. "They probably won't see a huge uptick in vet applications, but it is smart from both a public relations and human capital perspectives."
December 2, 2012
Indiana experiencing surge in wind power market
Environmentally, wind is also a comparatively clean alternative to generating electricity with fossil fuels, said Scott Rice-Snow, a geological sciences professor at Ball State. And that's true for much of the wind industry, said Michael Hicks, an economist at Ball State. While it might still be viable to use existing turbines, "if the incentives went away, it might mean we see less new or future investment," he said.
Note: This story originated with the Anderson Herald-Bulletin and distributed by Associated Press. The Indianapolis Business Journal also posted it.
December 1, 2012
Study: 'Fiscal Cliff' Fall Would Hit Hoosier Paychecks, Employment
A new report from Ball State's Center for Business and Economic Research (CBER) suggests going over the so-called "fiscal cliff" would result in Indiana residents paying more taxes and employers hiring fewer workers. The study also predicts unemployment would be more than a percentage point higher each year over the next five years.