Prosperity thanks to Republicans!

[D2D]

SALT LAKE CITY—Davis Smith, co-founder and CEO of Cotopaxi, an outdoor gear and apparel company, offers a glimpse of why Utah’s economy is booming.
 
Mr. Smith said he considered launching the company in Seattle or the San Francisco Bay Area before deciding nearly five years ago to base it here, partly because of the quick access to top-notch ski resorts and bike trails, but mostly because of the young, growing and well-educated population.
   
“There are 200,000 full-time students that live within a one-hour radius of our office here in Salt Lake,” said Mr. Smith, whose company employs 85 workers. “These are our customers. These are people that love the outdoors....This is a great talent pool to be hiring from as well.”
   
                        
      
                         
   
Utah has had the fastest-growing labor force of any U.S. state since January 2010—a key ingredient for economic growth and one that provides an example for the nation as a whole as it seeks to fuel a more rapid expansion.
 
Economic growth is a function of gains in the number of workers and their productivity. More workers means more output, income and consumer spending. These trends, in turn, attract more employers and workers, fueling a virtuous cycle of growth.
 
By these measures, Utah is on a roll and the country is on a slog. The state’s labor force—the number of people ages 16 and over holding or seeking a job—has grown an average of 1.9% a year from 2010 through January 2018, more than triple the nation’s 0.6% pace, according to Labor Department data. Its workforce is more educated than the country’s, on average, making it more productive and thus appealing to many employers.
 
Utah’s spending on cars, clothing, education and the arts are all climbing faster than the nation’s, as are home prices.
 
                        
    
                         
    The state’s economy has expanded an average of 2.8% a year since 2010, the year after the recession ended, outperforming the U.S. rate of 2.2%, according to the Commerce Department.

https://www.wsj.com/articles/utah-shows-how-labor-force-growth-fuels-economic-growth-11547809200