Texas is a leader in job creation over the last year and since February 2020. But Texas faces major headwinds as the recently ended 88th Legislature looked more like California than what is expected from the free-market bastion of hope and prosperity in Texas.
The best path to let people prosper is free-market capitalism as it is the best economic institution that supports jobs and entrepreneurship for more people to earn a living, gain skills, and build social capital.
Table 1 shows Texas’ labor market for July 2023 from the U.S. Bureau of Labor Statistics.
The labor market continues to improve in Texas even as there are some weaknesses remaining.
The economy continues to expand in Texas though there are headwinds.
Strengthening the Texas Model will help Texans better resist D.C.’s overreach and flourish more for generations to come.
Vance Ginn, Ph.D.