Jeanne Boeh, professor of economics at Augsburg College, was one of several experts quoted in a recent Star Tribune article on the current state of Minnesota’s economy. She attributes Minnesota’s steady economy to its diversity, which makes it less dependent on agriculture than neighboring states.
“Because we’re a diversified economy, we will keep trudging along at a lukewarm pace and eventually the labor shortages will happen and employers will raise wage rates more in order to get good workers,” Boeh said. “I think we are OK.”
Read Main Street’s mood is resilient despite rocky markets on the Star Tribune site.