How much do people in your state contribute to the nation’s economy? We crunched some numbers to find the answer.
How Productive Are Workers in Your State?
Ever wonder how much you contribute to the nation’s economy? In 2008, the average American old enough to be employed full time (16 and up) contributed $33.07 per hour worked toward the country’s gross domestic product, according to a recent analysis of labor data by MainStreet. To put that in context, the total GDP for that year was approximately $14.2 trillion. We sorted through data from the Bureau of Economic Analysis, breaking down the nation’s total GDP as well as the output from each state as of 2008, the most recent year available. We then factored in the total number of residents living in each state who were 16 or older that year, as well as the average number of hours they worked per week, both stats from the Bureau of Labor Statistics. We discovered that the amount individual workers contribute to the economy varies widely from state to state, so we rounded up the 10 states where workers contribute the most to the nation’s economy, followed by the 10 states that contribute the least. Those at the bottom of the list need to get their acts together and stop slacking off. After all, we’ve got a huge national debt that is only getting larger, and a stagnant economy that we need to work our way out of. It’s time for them to start carrying their weight. Photo Credit: gregor_y