Mississippi is ripe with economic opportunity. With abundant natural resources, two deepwater ports, a low cost of living, and a central location to much of the nation, there is ample potential for growth.
Before the 2000s, Mississippi ranked 14th in economic growth at 2.1 percent. However, this growth has slowed. How can Mississippi get back on track?
Private sector growth carries the greatest potential for state economies, with private-sector job growth being one of the key measurements for economic growth. But in Mississippi, state and federal government have taken the helm as the top sectors in the state. Altogether a poor job has been done in cultivating an environment that promotes economic growth.
The Clarion Ledger reports that in Mississippi, federal, state, and local government spending amounts to 55 percent of the economy. This is the fifth-highest percentage in the nation. This is not an environment that breeds growth. To get Mississippi back on the map economically, limited government and free-market capitalist principles should take the forefront by reducing the government’s size and spending.
According to a study conducted by the Legatum Institute, Mississippi has failed to achieve satisfactory standards of prosperity, especially when compared to other states throughout the United States.
Mississippi has consistently ranked in the ten lowest states over the last ten years in terms of economic quality. This is considering factors such as financial stability, productivity and competitiveness, dynamism, and labor force engagement.
Mississippi’s economic situation has caught national attention as the US News and World Report has similarly ranked it and neighboring states at the lowest in the United States. Many local economies have experienced no growth as employment opportunities, and major industries have dwindled in size. In addition, limited educational resources have made the possibility of innovation stagnant.
The Daily Journal estimates that 19.6 percent (nearly one out of every five residents) of the Mississippi population live below the poverty line. This is the highest poverty rate in the country.
But there is an exciting tomorrow for Mississippi if the right steps are taken. The near future of the state is promising as it leaves the world of Covid. The state’s gross domestic product is expected to rise by 2.8% this year. Such growth has not been seen since before the Great Recession; however, it is expected to plateau within the next few years.
This does not need to be the case. If policy makers want to change the trajectory of their state, it might be time to harness this economic momentum and give the opportunity for economic growth back to the citizens of the state.
Economic growth can only occur if government refrains from drowning it. If the state wants more available capital, encouraging the private sector to grow through tax cuts and regulatory reform, could effectively lower poverty levels -this just might be a better strategy than expanding the government sector.
At the Mississippi Justice Institute, one of our foundational causes is litigating to free workers from excessive licensing laws that make it exceedingly difficult for ordinary people to use their talents and earn an honest living.
We’re focused on this issue because we believe that there is inherent dignity in work; that opportunity is vital to a vibrant society; and that pursuing one’s calling is at the very heart of the American Dream.
Occupational licenses were originally intended for professions in which a mistake could pose serious health and safety risks to the public, like EMTs or school bus drivers. But they have also crept into many professions that pose no risk to the public, like florists and interior decorators.
In the 1950s, only one out of twenty people required a government permission slip to do their job. Today, that number has skyrocketed to nearly one in three. And most of those licenses are for working class jobs.
What has led to this explosion in occupational licensing? Counterintuitively, practitioners of various occupations lobby the government to impose regulations on them. In exchange, they gain a sense of legitimacy, monopoly use of a title, and expensive and time-consuming barriers to entry into their professions which keep many would-be competitors at bay.
The posterchild for licensing creep is the beauty industry. Because of the need for sanitation in any profession which involves touching customers, and because the work sometimes entails the use of sharp implements, chemicals, or heated appliances, practitioners of the profession claim that their work is dangerous and needs to be licensed and regulated. But the potential dangers are often wildly exaggerated by industry insiders and used to justify licensing burdens that are vastly disproportionate to the actual risks involved.
The excessive and costly training that results from this scaremongering can make it virtually impossible for workers of modest means and young people to break into the beauty industry. A new report by the Institute for Justice shows that the average beauty school program costs $16,000 and takes about a year to complete.
Beauty school students borrow an average of $7,100 in federal student loans, which is $600 higher than the average student. After all of that, beauty school graduates can expect to earn just $26,000 a year on average, less than restaurant cooks, janitors or concierges – none of whom are required by law to attend costly schools before working.
This type of excessive licensing has implications far beyond the beauty industry. Recent research indicates that excessive licensing laws cost our country an estimated 2.85 million jobs per year and over $200 billion annually in increased consumer costs.
Perhaps that is why reforming occupational licensing laws has become one of the few remaining bipartisan issues. In 2015, the Obama administration issued a report encouraging states to roll back unnecessary occupational licenses. In late 2020, former President Trump followed suit, issuing an executive order that similarly encouraged states to enact licensing reforms and outlined several principles for reform. And on July 9, 2021, President Biden joined the club, issuing a new executive order encouraging the Federal Trade Commission to ban unnecessary licensing restrictions.
When President Obama, President Trump, and President Biden all agree that licensing creep is strangling the American Dream, it’s a pretty safe bet that they’re right. Mississippi is making progress in this area, but we need to continue working to eliminate anticompetitive licensing laws and let Mississippians shape their own destinies.
As the nation gradually exits COVID and heads back into regular operations, the climate is ripe with opportunity to consider questions regarding the merits of regulatory freedom. Throughout the country, states have taken different stances on how to best approach the pandemic.
Some, such as New York and California, instituted a strong lockdown policy that vastly expanded government control over social and economic activities, while others, such as Florida and South Dakota, took a more hands-off approach, ensuring that the principle of individual autonomy drove good social and economic policy. These differing approaches offer a unique opportunity to evaluate whether the government is necessary to solve all of society's problems. History, free-market principles, and experience would certainly say that it is not.
For example, Brad Polumbo of the Foundation for Economic Education asserts the data is overwhelmingly in favor of free states over those states that locked down completely. For one, studies by The Lancet in July of 2020 and the Frontiers for Health in November of 2020 demonstrated that the stringency of COVID regulations showed no correlation with the numbers of COVID deaths within those states that promoted lockdowns.
Instead, studies indicated that the stringency of COVID regulations led to great economic cost as businesses took significant financial hits. Social consequences have included an increase in suicides, domestic violence, and drug overdoses.
Meanwhile, when comparing lockdown states to those that took a more relaxed approach, the result is quite telling. In terms of unemployment, those states that have prioritized lockdowns have taken longer to return to normal than those that took a more relaxed position. On top of that, most states that took the hands-off approach are much better positioned with unemployment (about 3 percent) than those that took a strict lockdown approach.
On a practical level, the pandemic offered the opportunity to really put various philosophical and economic principles to the test. As the pandemic comes to a close, it is evident that mistakes were made. Not adhering to principles of economic and social freedom may have been one of those mistakes. When making this kind of evaluation, hindsight is, of course, always going to be 20/20. However, the data demonstrates that moving forward, the best policy is that which adheres to limited government and prioritizes individual autonomy.
The Covid experience has only further demonstrated that there is no reason, pandemic or otherwise, that justifies government shutting down people’s lives and taking away their freedoms. As Mississippi and the nation at large return back to normal, it is critical that the protection of individual freedom and establishment of limited government ought to be the priority.
We live in a day when the logistics supply chain touches almost every aspect of life. From raw materials such as lumber and steel to complex electronics, practically every element of the market is somehow related to the workings of the logistics supply chain.
There have been multiple recent events highlighting the critical significance of a supply chain that can scale and adjust quickly to new scenarios. In the international trade sector, the accidental blocking of the Suez Canal slowed world shipping and completely halted all traffic through a waterway that facilitates 12 percent of all world trade.
On the infrastructure level, devasting cyberattacks targeted critical supply chain infrastructures and led to unforeseen shortages of essential resources. From a productivity standpoint, the logistics sector has had to confront the challenges of the backlog that came from a global pandemic with its labor shortages, lockdowns, and unprecedented demands for certain products.
In the wake of such shortages, it is more important than ever that our supply chain is strengthened and made to work better and faster. For these reasons, it is critical to recognize the role technology contributes to our supply chain’s ability to scale quickly in the event of future challenges.
The technologies that carry promise for supply chain advancements are numerous. Although these technologies cover multiple sectors and accomplish numerous tasks, there is a combined effect that can reduce shortages, increase speed, and facilitate efficiency.
A key technology with the potential to expand supply chain efficiency is the further implementation of automated data analysis. Using a combination of sensors, automated reporting, and location tracking, logistics companies have the ability to capture data trends and increase efficiency.
Furthermore, artificial intelligence (AI) development has created a new frontier as companies can now utilize data through AI. Using AI, logistics companies can predict patterns and respond to supply chain variables as quickly as possible. AI does not just increase efficiency for large logistics companies. AI also opens up new doors for smaller logistics companies that may not have the expertise and workforce for large-scale data analysis.
Building on the power of data collection and analysis, there has also been an uptick in warehouse technologies that use data-driven decision-making to sort inventory, standardize inventory management, and ultimately send off orders for shipping. These technologies also increase the level of production, decrease the incidents of injury, lower labor costs, and improve product traceability.
All of these technologies have a real significance as America continues to face challenges to the supply chain. As many in the nation come to grips with just how far-reaching the inefficiencies in our system are, the solutions that emerging technologies bring to the table are practical tools that could help to meet new challenges.
The free market developed the technologies to push the supply chain into the future, and the free market has the tools to make the supply chain more efficient. Instead of expanding government control of the supply chain and putting more regulations on transportation and logistics, government leaders should pursue policies that will encourage technology innovation and support the free market. As a result, our supply chain just might emerge better than ever before -and even more ready to meet the challenges of tomorrow.
In recent years, the political and economic landscape in the United States has brought about a subtle but significant policy proposal. This proposal involves special jurisdictions in a quest to help struggling businesses that have been affected by the COVID-19 pandemic or by poor economic infrastructure in their respective communities.
As part of President Trump’s economic plan, states throughout the United States (in addition to the federal level) have instituted a plan to give tax breaks to businesses to try to revitalize the economy. Mississippi is no exception as it has adopted various special economic zones with the express intent of prioritizing the investment and development of state infrastructure. In cities such as Vicksburg, this reform has reportedly saved jobs and helped stabilize the hurting economy.
These Opportunity Zones are designated to “encourage long-term investments in low-income and rural communities through Qualified Opportunity Funds.” Currently, there are about 100 Opportunity Zones in Mississippi. This will last as a program until 2027 per the Tax Cuts and Jobs Act of 2017.
They operate on the basis that investors can earn tax relief through investments designated by the Opportunity Zone. Such benefits increase as the time the investment is held increases. These zones have been placed in strategic areas throughout Mississippi and particularly target low-income and rural communities.
As a matter of policy, this appears to generally makes sense on paper. It goes without saying that to get more money into struggling areas, it is important to have opportunities for capital investment. This has been done in the past by incentivizing businesses with generous tax breaks rather than just having federal or state grants to keep those areas from downing. In doing so, the principle of choice by the consumer remains intact, by allowing the private sector to direct capital to where it is most needed.
In addition, such a policy has been propounded as a way to help fix economic decisions in the reality of business rather than the theory of bureaucracy. Opportunity zones can help promote economic growth in those hurting communities.
Tom Bell of the Foundation for Economic Education describes this principle perfectly and rightly suggests that, “it also bears noting that [these special jurisdictions] escape the charge that they can thrive only thanks to top-down subsidies. These days, special jurisdictions happen only if and when private investors fund them. That sort of objective oversight helps to ensure that special jurisdictions, far from floating on clouds of theory, have a solid grounding in the real world.”
In recognition of this fact that these geographic zones are entirely dependent on private investment, it is important that they do not offer only fiscal incentives. Otherwise, some have rightly pointed out that Opportunity Zones could potentially lead to crony capitalism. It is important that Opportunity Zones be coupled with tangible evaluations for success by local community members in order to avoid this.
As Lotta Moberg points out, the focus of the zones must encompass whole regions and offer not just tax breaks but thorough deregulation as well that will assist in directing those investments. This was done in Hong Kong, and it not only liberalized the economy, but incentivized state officials to provide further reform. Ultimately, it confirmed one of Friedman’s primary predictions: “Privately created and managed special jurisdictions tend to outperform public ones.”
As a general principle, the people of Mississippi and businesses ought to welcome the concept of free-market zones as opportunities to fix their own communities that are struggling economically. However, rather than simply placing a tax break incentive to fix the problem, the mindset behind Opportunity Zones needs to have a broader application as state governments seek direct investments from the private sector.
Ultimately, government incentives are not the answer to expanding investment. Rather than focus on specific regions, policies should lower taxes and regulation across the board. Free market investments that are not restrained by government action are much better solutions to building communities. Opportunity Zones may carry potential in some contexts, but ultimately it is broader freedoms for the free market that have the best chance at growing communities.
In a day when high-tech farming and agriculture are growing in importance, high-speed internet technology is becoming an important tool for farmers across the country. Emerging mobile internet could play a key part in getting farms connected and expanding their capacity.
In order for agricultural implements to be connected to the internet, mobile connectivity is a critical component. Wired broadband infrastructure (such as fiber) is not always available in rural areas. But mobile internet connectivity is essential for elements such as tractors, drones, and other tools that may be outside the reach of a wired connection.
A relatively high amount of bandwidth is required for mobile internet connections to achieve their highest potential for agricultural use. While the widely available 4G mobile internet technology common in cell phones allows for some applications, 4G was originally designed for private consumer use in cell phones. Thus, it is not as ideal for commercial applications, such as agriculture.
With speeds that are usually slower than a wired internet connection but relatively responsive, 4G is ideal for personal use such as checking social media, watching a quick video, or sending an email. But the technology doesn’t always carry the bandwidth that is needed in a commercial context.
But the exponential growth of 5G is expanding mobile connectivity capabilities, which carries some exciting possibilities for agricultural technology. What is 5G? 5G stands for “5th Generation” since it is the fifth generation of mobile internet technology. Unlike 4G technology, 5G technology provides the opportunity for mobile connectivity that meets or exceeds most wired internet speeds.
For agricultural use, 5G has numerous applications that are continually expanding. For instance, 5G can power automated sensors that determine soil and crop status. The correct application of fertilizer can then be applied to specific areas of the fields.
Tractors, powered by 5G, can utilize artificial intelligence to assess crop health and detect weeds to apply precision herbicide. Drones, powered by 5G, can assess pests and specifically target areas that need pesticides. For livestock, 5G-powered tracking devices can track herd movements. The speed of 5G can be used to upload photos of dairy stock to analyze their health by artificial intelligence systems. When it comes to agriculture and 5G, quite literally, the sky is the limit.
As farmers utilize the enterprise-level speeds of 5G, they will be able to monitor the ever-changing variables of agriculture more effectively. These emerging capabilities could have a tangible impact on greater efficiency, higher yields, and increasing profit margins for agriculture.
America’s 5G internet infrastructure is building up at a rapid rate. Farmers, investors, and policy makers would do well to be prepared so that the industry can hit the ground running as 5G technology becomes increasingly available.
In recent years, the Department of Defense has increasingly emphasized the need for defense technology developments and innovations from the private sector for the United States to maintain its military advantages. From a public policy perspective, few issues impact the private sector as much as the regulatory burden. With the private sector playing a growing role in national defense technologies, it is essential to consider the impact that such regulations have on private-sector research and development for technology.
In the context of defense, innovation is not simply a matter of improving a consumer’s quality of life or economic outputs. The extent of innovation can ultimately mean the difference between victory and defeat. History demonstrates the role of the private sector in the development of technologies that are then utilized for military purposes. History also shows the tragic results on the battlefield that will occur if the private sector of an enemy nation is able to create superior technology and innovations.
For instance, it was the Wright Brothers who invented the airplane in 1903. Just six years later, in 1909, innovations and improvements encouraged the United States military to purchase the world’s first military aircraft from the Wright Brothers to be used for aerial scouting. By the beginning of World War I in 1914, further innovations were built on the Wright Brothers' concept of a working flying machine. The planes were then used for fighter missions, bombing raids, and other military activities.
Lagging behind in the race to innovate the airplane had real consequences for the Allies in World War I. An innovation introduced in the German Army Air Service’s Fokker Eindecker fighter aircraft enabled them to achieve total air superiority for several months during a period in 1915-1916. This relatively simple innovation developed by a private sector airplane manufacturer in Germany used a timing mechanism that allowed a machine gun to fire in-between the propeller blades. Unfortunately, after the Allies began to have four losses for every aerial victory, Allied pilots got the nickname "Fokker Fodder." These losses continued until the Allies were able to study a captured Eindecker and replicate the technology.
World War I and the Wright Brothers are in the distant past, but the strategic significance of private sector innovation is more critical than ever. The American regulatory environment compares relatively well against the regulatory boundaries for technology development compared to some other nations. However, America will have to work hard to maintain its place at the top as other countries reform their regulatory policies and use the results to develop military technology.
Ironically, despite being a totalitarian regime, China has recently introduced a plan to spur on “private sector” research and development in order for the nation to become more economically and militarily competitive. With a goal to become among the most technologically innovative nations in the world by 2035, China has introduced policies to lower regulations on banking, research, venture capital, and development. This should serve as a significant consideration for the United States as China continues to emerge as a growing security threat.
In light of the significance of private sector innovation for national defense and international competitiveness, policy makers should pursue measures that lower the regulatory burden so that the private sector can more easily develop and innovate technology for defense use. Instead of using antiquated regulatory models to regulate cutting-edge technologies, regulatory frameworks should be implemented that are designed with innovation in mind, such as regulatory sandboxes.
The stakes are too high for American regulatory policy to justify hindering technological research, development, and innovation. The lessons of history and the importance of America’s international competitiveness are essential to preserving a strong national security.
Communications Specialist
Mississippi Center for Public Policy
Jackson. MS
Located in Jackson, the Mississippi Center for Public Policy (MCPP) is Mississippi’s free market think tank, advocating for the principles of limited government, liberty, and America’s Founding ideals for three decades. To learn more about the MCPP’s thirty-year efforts of advocating for freedom, look at our website: www.mspolicy.org
The Mississippi Center for Public Policy is looking to hire a Communications Specialist with a flair for producing engaging content across a variety of mediums and continuing to expand our audience. MCPP is looking to significantly step up its digital campaigning and output. The successful candidate will be key to making this happen. They will be conscientious, and able to focus on detail and work independently. Reporting to the Director of Communications, the role is based in our Jackson office, and the applicant would be expected to work from the office during normal office hours.
Key Responsibilities
- Writing excellent copy, both as website articles and as press releases
- Creating digital content
- Digital distribution, promotion, and targeting, including assisting in the management of our presence across all social media platforms
- Audience acquisition and engagement
- Management of our email database and communications via Mailchimp
- Organize podcasts and videos for our weekly series, including booking guests
- Using software to create graphics, flyers, and posts to effectively promote articles and reports.
More important than any specific experience is a willingness to learn and be part of a fun, enthusiastic team.
Qualifications
- 0-4 years of experience; this role would likely suit an entry level candidate looking to begin a career in the think tank space, or someone with a couple years experience
- Understanding of social and web analytics reporting
- Ability to juggle multiple projects while effectively managing timelines and expectations
- Excellent verbal and written communication skills Alignment with and passion for the mission or MCPP is critical
- Strong grasp of free market ideas and principles
To Apply
Qualified candidates should submit the following application materials as one PDF:
- Resume
- Cover Letter detailing your interest in the position and the mission of MCPP
- Writing Sample no more than 5 pages in length; samples relevant to MCPP’s work preferred but any sample is acceptable
Applications should be submitted to Talent Market via this link: talentmarket.org/apply-for-your-dream-job/.
There is no application deadline for this position. Applications are accepted on a rolling basis. This job will remain posted on our site until it is filled.
Questions can be directed to Katy Gambella, Network Engagement Manager of Talent Market, who is assisting with the search: [email protected].
While we thank all applicants in advance for their interest in this position, we are only able to contact those to whom we can offer an interview. Only direct applications will be considered. No phone calls, please.
Talent Market is a nonprofit entity dedicated to promoting liberty by helping free-market nonprofits identify talent for critical roles. We provide free consulting and recruiting services to free-market think tanks, policy organizations, research centers, and capacity-building institutions dedicated to advancing the principles of limited government and free enterprise.
Some may often get a sense of uneasiness when considering the future, especially within the context of employment. People seldom truly know what the future holds. Generally, whenever there is a hint of “new” technology making life easier, there may come a sense of worry that someone may have to lose their job.
However, nothing can be further from the truth, and while our society does continue to progress into a more autonomous state, the opportunity for jobs is still very much alive. In fact, studies have shown that there is quite often a positive effect between technological innovation and employment opportunities.
In Mississippi, several innovations have the potential to grow the economy substantially. In pursuance of scientific advances, Adranos, Inc., a company originating from Alabama, is making a corporate investment as part of its relocation close to the Stennis Space Center. While the initial job count is only in its beginnings, it can only increase as this company continues to settle in and develop their rocket motor technology.
The Ingalls Shipbuilding company, America’s largest military shipbuilding company, also continues to grow the Mississippi economy and provide additional jobs. In fact, they are projected to provide over 3,000 jobs as they are “steadily adding new team members to the growing workforce.” This likely due to an increase in efficiency as the company finds new ways to organizing their business through new technological systems.
Mississippi companies have observed these opportunities and have sought to capitalize upon it. For example, C Spire, a Mississippi-based company, has sought to create opportunities for education and training in areas of STEM seeking to create a technological movement within the state. This includes ensuring that schools have sufficient internet, people have the resources to learn coding, and IoT innovations and telehealth are expanded to provide quality care for pervasive health issues in Mississippi.
The best response to all of these opportunities is to allow them to grow. This can be done by embracing the technological advances that remain evident throughout the state. Government should keep these lanes of innovation open as the people of Mississippi embrace the innovations that will progress the economy into further prosperity.