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Vice President of Policy Cornerstone Policy Research

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1 Vice President of Policy Cornerstone Policy Research
The Case for Right-to-Work in New Hampshire: Examining the Evidence in Oklahoma J. Scott Moody Vice President of Policy Cornerstone Policy Research

2 Why Oklahoma? Until Indiana a few months ago, Oklahoma was the last state to adopt Right-to-Work in 2001 (effective 2003 due to court challenges) Oklahoma was the 22nd state (and Guam) to enact Right-to-Work

3 Economic Benefits of Right-to-Work
RTW is not just about jobs or wages and salaries RTW is fundamentally about EMPOWERING businesses and their employees with the flexibility to create a better economic future This is not Today an employee is very likely to also be a co-owner through profit-sharing, stock options, 401(k)s, IRAs, etc. The goal for any business is to increase productivity (output per worker) which is a win-win for everyone

4 Measuring Productivity in Oklahoma

5 Measuring Productivity in Oklahoma

6 Voting with Their Feet Families?

7 Net Oklahoma Migration to/from Other States
Voting with Their Feet Table 1 Net Oklahoma Migration to/from Other States Tax Years 2003 to 2008 State Taxpayers Exemptions AGI (in Thousands) Total Right-to-Work 1,567 9,326 (285,416) Total Non-Right-to-Work 11,648 31,367 384,589 Source: Internal Revenue Service and Cornerstone Policy Research

8 Why are we Talking about Right-to-Work?
RTW is the MISSING piece in the puzzle of New Hampshire’s economic competitiveness RTW doesn’t cost the state a DIME Would be the ONLY state in New England with RTW New Hampshire needs ECONOMIC GROWTH To confront the coming . . .

9 Why are we Talking about Right-to-Work?

10 Demographic Winter

11 Demographic Winter

12 Demographic Winter

13 Demographic Winter

14 Demographic Winter However, though state-wide net natural growth was 3,017 people in the geographic distribution is not equal Three counties are already in the red zone—Coos, Carroll, and Belknap—had negative net natural growth (more deaths than births) in 2011. Five counties are in the yellow zone—Grafton, Sullivan, Cheshire, Merrimack, and Strafford—with only a thin cushion of births over deaths. The vast majority of net natural growth in New Hampshire occurred in only two counties—Hillsborough and Rockingham.

15 Summary If you think economic growth is hard with a growing population, try doing it with a shrinking population, a.k.a., deflation (think Japan) Net in-migration not only improved in Oklahoma after enactment of Right-to-Work, but the data suggests many in-migrants were families New Hampshire needs more families to avoid Demographic Winter . . .

16 Vice President of Policy Cornerstone Policy Research
The Case for Right-to-Work in New Hampshire: Examining the Evidence in Oklahoma J. Scott Moody Vice President of Policy Cornerstone Policy Research


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