Make plans now to tune in to a live South Dakota News Watch panel discussion in which experts share their views on why some state residents are pessimistic about what life will be like for future generations of South Dakotans.
In the latest program within its “South Dakota Matters” series of explanatory polls and panel discussions, News Watch will bring together four South Dakota economists to discuss recent poll results that indicated pessimism among South Dakotans about their current financial status and whether life will be better for their children and future generations.
The one-hour panel discussion set for Thursday, June 3 at 7:30 p.m. Central will focus on the recent survey of 500 residents from all age groups, counties and political parties conducted by News Watch and the Chiesman Center for Democracy at the University of South Dakota. The poll showed that 74.6% of respondents said they were not doing as well financially as their parents, and that 72.2% of those survey
By Cory Allen Heidelberger on 2021-05-24
While Governor Kristi Noem makes more Presidential campaign noise about civics curriculum that she hasn’t read, she ignores the fundamental and long-standing weaknesses of the South Dakota economy. In helping to explain the economic pessimism revealed by the new
Birkeland said politicians and policymakers in South Dakota often point to intangible benefits that make the state a great place to live, such as wide-open spaces, abundant outdoor recreation and a relaxed pace of life.
But she said South Dakota’s economy doesn’t stack up well against those in neighboring states.
One example is the state’s over-reliance on the agriculture industry and continued taxation benefits for farming and ranching, to the detriment of industries such as finance, banking and insurance, which could create more and better-paying jobs, she said.
Long-standing economic hardships have prevented a sizable segment of the South Dakota population from achieving financial stability and prosperity, and those hurdles have resulted in a sense of pessimism for what awaits future generations, according to two experts who study the state economy.
State and federal data routinely show that:
South Dakota employers pay some of the lowest wages in the nation.
A high number of families pay an excessive portion of their income on housing.
The state has a regressive system of taxation.
Many workers are not seeing their pay cover the rising cost of living in the state.
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