Guest opinion: Washington state needs to change to stay on top

Guest opinion: Washington state needs to change to stay on top

In early June, the financial website WalletHub released its rankings of “Best and Worse State Economies” and Washington state led the field of 51 as best by a healthy margin.

WalletHub economists viewed the states from three key dimensions — economic activity, economic health and innovation potential. Then the analysts from Dartmouth and Carthage colleges and the University of Texas-Austin looked a 28 key indicators of economic performance and strength when comparing all 50 states and the District of Columbia. The data ranged from GDP growth to startup activity to share of jobs in high tech industries.

Washington’s overall score was 77 compared with second place Utah with 73. The only other state to crack 70 points was Massachusetts. Each indicator was measured on a 100-point scale.

When it came to highest GDP growth, Washington was the leader and was in the top five for most exports per capita, highest change (most improvement) in nonfarm payroll, highest percent of jobs in high tech industries, and, most independent patents per 1,000 working age populations.

Only in unemployment rate was Washington ranked in the bottom five — meaning it was higher than the national average.

Much of the research was well underway when the COVID-19 pandemic swept across the world and hit the United State three months ago.

Before the pandemic lockdown, our state’s jobless rate was 3.8 percent which was slightly above the national average. By April, Washington’s unemployment rate shot up to 15.4 percent (national average 14.6) with nearly 611,000 people without jobs.

Adding salt to our wounds, many suddenly out-of-work people didn’t receive their employment checks. Our state’s Employment Security Dept. learned its data was breached. Thieves walked off with $650 million in fraudulent claims which is equal to one of every $8 paid, Seattle Times writer Paul Roberts reported. He added the state has recovered $333 million as of June 4.

The pandemic lock down hit small businesses hard, particularly those owned by minorities. For example, in mid-June, the Wall Street Journal reported the number of active black business owners fell by 41 percent.

WSJ published data from economist Robert Fairlie, University of California, Santa Cruz, who wrote the number of working business owners plummeted from 15 million in February 2020 to 11.7 million in April. That 3.3 million is a stunning 22 percent drop.

“No group was immune to negative impacts of social distancing policy mandates and demand shifts,” Fairlie added.

Minority business owners were hit hardest. About 441,000 black, 658,000 Latino, 1.1 million immigrant and 1.3 million women businesses disappeared. For women, one of four businesses closed.

Fairlie said most industries “with the exception of agriculture” were hit hard with hotel and leisure down 35 percent and nearly one-quarter on restaurants closed. Only time will tell if those businesses reopen when the lockdowns completely lift.

If the pandemic wasn’t bad enough, many inner city businesses have been looted, ransacked and burned in the civil unrest sparked by the tragic death of George Floyd in Minneapolis.

In Seattle, for example, protesters took over a section of Capitol Hill making the police department’s east precinct its headquarters. Protests, mostly peaceful, continue across the nation despite attempts to correct problems with policing procedures.

In the end, the looting and rioting must stop and we must find ways to immunized against COVID-19 and its mutations. For Washington to remain one of the best places for economic growth and in which to live and raise a family, we must stop the looting, have safe streets and equality among all Americans. It all starts with respect for another and private and government property.

Don C. Brunell is a business analyst, writer and columnist. He retired as president of the Association of Washington Business, the state’s oldest and largest business organization, and now lives in Vancouver. He can be contacted at theBrunells@msn.com.

More in Opinion

Don Brunell
Guest opinion: Coronavirus spurring air cargo growth

It’s no secret that airlines and airplane manufacturers have been clobbered by… Continue reading

Crystal Linn
Aging Successfully: Gratitude, thankfulness and mental health

Have you ever stopped to consider the differences between the words gratitude… Continue reading

Sara Brabant dresses as “Weird Al” Yankovic for Halloween saying “my hair was just right.” She reminds us all to have fun as we can in these weird times. Photo courtesy of Oak Table Cafe
Reporter’s Notebook: Weird, wild and thankfulness

“Well, that’s weird!” Bill said of the funny coincidence. “No, that’s just… Continue reading

Jeremy Field, regional administrator for the U.S. Small Business Administration (courtesy photo)
Guest opinion: Shopping small for 2020 holiday season needed more than ever

It’s no secret that the Coronavirus pandemic has made a huge impact… Continue reading

Guest opinion: A climate changes-based apology

An apology to family and friends: I have been well prepared by… Continue reading

Don Brunell
Guest opinion: Military diversity’s lifeline

Diversity in the ranks has been the lifeline of our all-volunteer military,… Continue reading

USEPA Photo by Eric Vance. Public domain image
Being Frank: A time to remember

This fall marks the 50th anniversary of an event that sparked the… Continue reading

Kris Johnson is president of the Association of Washington Business, the state’s chamber of commerce and manufacturers association.
Guest opinion: Washington needs manufacturing to lead the economic recovery

Kaitlyn Pype wasn’t sure what she wanted to do with her life,… Continue reading

Guest opinion: Time for our communities to come together

Time for our communities to come together To our communities: We are… Continue reading

Linda B. Myers
From the Back Nine: And the winner is …

This “opinion piece” will run the day after the election; I am… Continue reading

Bertha Cooper
Think About It: ‘Children will listen’

“Careful the things you say. Children will listen.” Some of you will… Continue reading

Letters to the Editor — Oct. 28, 2020

‘Fear-mongering’ flyers defy reality I received a baseless, fear-mongering flier by the… Continue reading