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July 2, 2013

MARCUS: Mixed messages of income data

(Continued)

“Wow,” says Eva, “11th place is almost in the top ten. I guess this means our state is on the right track after all.”

“Eva,” I say looking directly into her bright eyes, “if a roller coaster does not go up very far, it doesn’t have far to fall.”

“Let’s look at the numbers again. We came up short of the nation on the up side by nearly a full percentage point when the bonuses were being given out. Then when the nation’s personal income fell, we were only two-tenths behind the country as a whole.

“We were short on the up side and close on the downside. That’s not a formula for advancement or a source of pride. Indiana is on a path of continuous relative decline and our business and political leaders refuse to acknowledge that truth. Instead ...”

“I know,” Eva interrupts, “but there’s no reason to get upset about it. After all, what can one person do?”

Morton J. Marcus is an economist, writer and speaker formerly with the Kelley School of Business at Indiana University. He can be reached at mortonjmarcus@yahoo.com.

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