by Ryan McMaken
In recent articles and interviews, David Stockman has noted the divergence between economic indicators in large coastal urban centers, and those in the so-called Flyover States. The “flyover zone” constitutes those parts of the country outside the handful of major cities that benefit directly from the Fed’s easy money policies and the ongoing financialization of the economy at the expense of ordinary “main street” industries.
But just how big is this difference? Looking at median incomes can help expose some of the divergence.
In the past, we have looked at median incomes in the United States overall and found that, by several different measures, that median incomes (both household and individual) are declining in the United States.
But what about growth when measured on a state-by-state basis?