economy

Ashley Gross / KPLU

Regional economist Dick Conway says even though we have lots of big, vibrant companies in the Puget Sound area these days, our economy still rises and falls with the fortunes of one, a certain aerospace giant.

And that's why he says it's so critical that Boeing's 777x jet will be built in Washington state after members of the International Association of Machinists and Aerospace Workers voted narrowly to accept a contract extension. They agreed to cuts in hard-fought retirement and health benefits to preserve those jobs. 

It’s taking longer for Pierce County to bounce back from the recession than counties to the north, such as King and Snohomish. But economists at Pacific Lutheran University expect the economy in Tacoma and the region to show some improvement this year. 

PLU economists Martin Wurm and Neal Johnson have been crunching the numbers on everything from Pierce County’s housing market to retail sales to come up with an economic forecast. 

Port of Tacoma

A team of economists at the University of Puget Sound say strength in military spending and port traffic will help lift Pierce County’s economy this year.

John-Morgan

Taxes have loomed large this election season. Can we jumpstart the economy by changing the tax system? Should the rich pay more or less?

These are hotly debated issues and for perspective, we turned to two experts on opposite ends of the political spectrum. In an earlier interview, Robert Reich, who was President Clinton’s labor secretary, explained why he thinks the tax system needs to do more to redistribute wealth from the rich toward the poor and middle class.