Southwest Public Policy Institute
On June 3, 2022, Bruce Krasnow with the New Mexico Economic Development Department announced the award of over one million dollars in job training funds. New Mexico’s Job Training Incentive Program (JTIP) was originally launched in 1972 as the Industrial Development Training Program and has evolved over its lifespan. JTIP claims to have supported the […]
Originally published at Santa Fe New Mexican on June 11, 2022. Earlier this year, as New Mexico debated legislation limiting to 36 percent the annual percentage rate for consumer loans in the state, the primary witness testified in support of the bill before the Consumer and Public Affairs Committee. Claims were made that do not hold […]
Erin Norman, senior messaging strategist at State Policy Network, recently published critical commentary of President Joe Biden’s inflation-fighting plan. Introduced last week, Biden highlights his plan in the Wall Street Journal. Composed of over 1,100 words, he spent one third of the article telling Americans how good things are right now. But the public begs […]
The personal finance website WalletHub just released its report on 2022’s Best and Worst State Economies. The WalletHub methodology incorporates twenty-eight indicators across three broad categories of economic activity, economic health, and innovation potential. The weighted final score is then used to rank each state. Source: WalletHub As seen before with metrics such as post-pandemic […]
Even employers with a single employee are obligated to implement a sick leave policy under the new law. Next month, on July 1, 2022, the New Mexico Paid Sick Leave Law will take effect. The Healthy Workplaces Act of 2021 requires all private employers, no matter the size, to pay sick leave to all employees. […]
According to WalletHub’s latest report, post-pandemic, Utah’s unemployment rate has recovered more than any other state in the nation. Source: WalletHub In order to identify the states whose unemployment rates are bouncing back most, personal finance website WalletHub compared the 50 states and the District of Columbia based on six key metrics that compare unemployment […]
The latest unemployment figures have been released by the United States Bureau of Labor Statistics. In April 2022, New Mexico tops the list as the state with the worst unemployment rate in the country at 5.3%. Utah was among the best at 1.9%, with only Nebraska reporting a lower unemployment rate. State Labor force Unemployed […]
Regulators blame the utility, and the utility blames the supply chain. Is anyone blaming the legislation?
Save for the rare instances where high start-up costs or other extreme barriers to entry are present or the potential customer base is extremely limited, most economists agree: Monopolies are bad for consumers. This thinking, now more than a century old, gave rise to the adoption of increasingly more comprehensive laws giving the federal government […]
Why are New Mexico’s politicians lining the pockets of these already wealthy and successful entrepreneurs through taxpayer-funded, industry-specific subsidies?