It is often argued that increased manufacturing employment is the path to higher incomes. Cities compete to attract manufacturing, local economic development groups try to develop strategies for raising the manufacturing share of their regional economies, and politicians and others talk about the harm done to our standard of living when manufacturing jobs disappear. One Sample t test. Comparing means, paired samples. The primary determinant of the total income of an MSA is population.
More people means more people working and more income.
Use TPI90 as the dependent variable, POP90 as the dependent. Multiple Regression Exercise 5 is neither difficult nor surprising. A more interesting question concerns the determinants of per capita income. Many people fear that we are becoming a nation of hamburger flippers, and that the growth of services is intimately tied to a stagnation in income growth. 6. through 8.