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The role of TRANSPORTATION in a robust economy UTA Transit Academy
May 31, 2017
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Our Mission: To develop and share economic, demographic and public policy data and research that help individuals and the community make informed decisions. Our Vision: To be a vital gathering place and center for independent economic, demographic and public policy thought leadership.
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Utah’s robust economy – past, present, future
Transportation and economies of agglomeration A challenge…
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April 2016 – April 2017 Job Growth
US = 1.4% Source: Kem C. Gardner Policy Institute Analysis of Bureau of Labor Statistics Data (CES)
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Employment as a Percent of 2007 Peak
End of 2016: Utah and the United States Source: Kem C. Gardner Policy Institute analysis of Bureau of Labor Statistics data
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25-Year Job Growth , US = 28.4% Source: Kem C. Gardner Policy Institute Analysis of Bureau of Labor Statistics Data (QCEW)
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1990 – 2015: Utah, Nebraska, Arkansas, Mississippi
Total Jobs 1990 – 2015: Utah, Nebraska, Arkansas, Mississippi Note: Vertical axis does not begin at zero. Source: Bureau of Labor Statistics (QCEW)
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History: 1960-2016 & Projection: 2017 - 2065
Utah’s Population History: & Projection: Sources: Utah Population Estimates Committee, Utah Population Committee, Kem C. Gardner Policy Institute
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Utah Components of Population Change
History: & Projection: Sources: Utah Population Estimates Committee, Utah Population Committee, Kem C. Gardner Policy Institute
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How did we get here? How do we get there? AGGLOMERATION ECONOMIES
Worker utility [productivity] Number of workers
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AGGLOMERATION EFFECTS Transportation networks are a key condition
Source: Centre for Cities Transportation networks are a key condition
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AGGLOMERATION DISECONOMIES
Congestion Worker utility [productivity] Number of workers Pollution Salt Lake Tribune
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Mitigate Diseconomies
Extend Economies/ Mitigate Diseconomies With Public Transit Congestion Worker utility [productivity] Number of workers Pollution Salt Lake Tribune
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CHALLENGE
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U.S. Household Expenditures
The share of expenditures that are taxable is shrinking; growth in sales tax collections is not keeping pace with growth in the economy U.S. Household Expenditures Source: Kem C. Gardner Policy Institute analysis of the Bureau of Labor Statistics Consumer Expenditure Survey
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Facebook.com/gardnerpolicyinstitute
Twitter.com/KemGardnerInst
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