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Speaker 1: Indiana facing some income challenges, especially in downtown Indianapolis, so

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Speaker 1: it goes hand in hand population, economy and downtown Indianapolis.

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Speaker 1: The goal is to grow by twenty thousand residents over

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Speaker 1: the next decade, but the median household income in Indiana

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Speaker 1: increased only fourteen percent from nineteen seventy to twenty twenty three.

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Speaker 1: That has been adjusted for inflation, by the way, which

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Speaker 1: is well below the national average. We now rank fourth

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Speaker 1: lowest in the country for income for income growth, congratulations,

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Speaker 1: the medium income rank. It dropped. It used to be.

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Speaker 1: We used to be at sixteenth place in nineteen seventy.

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Speaker 1: We're at thirty seven today and it's.

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Speaker 2: Look, sixteenth is nothing to brag about. But we can't

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Speaker 2: even keep that and now we are where we're at. Look,

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Speaker 2: we've talked about this on this show for a long time.

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Speaker 2: We see these local politicians that talk about creating economic

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Speaker 2: development and we're going to bring jobs here and all

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Speaker 2: of this growth, yet none of it has translated into

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Speaker 2: wage growth for average everyday hoosiers. It's what we've been

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Speaker 2: talking about forever, and this report from Axios just played

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Speaker 2: that out perfectly, improved it out.

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Speaker 1: So you've got a lagging income growth and that's going

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Speaker 1: to make it harder for Indiana to attract or retain

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Speaker 1: young professionals. And that also is a factor for home

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Speaker 1: ownership and also entrepreneurship as well. The bachelor degree holders

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Speaker 1: in Indiana has risen twenty two percent. However, you also

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Speaker 1: have the state's foreign born population increasing as well, and

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Speaker 1: that is up five percent.

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Speaker 2: The politicians are going to have to figure this out

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Speaker 2: at some point in time. And again, going from sixteenth

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Speaker 2: in wage income growth down to thirty eighth over the

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Speaker 2: last fifty years is a terrible track record. But everything

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Speaker 2: in this state right now seems to be set up

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Speaker 2: to foster a great business environment that does not then

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Speaker 2: trickle down to the average every day Hoosier. Let's let's

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Speaker 2: talk about the Chicago Bears. We talked about that all

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Speaker 2: week long, and the state of Indiana is willing to

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Speaker 2: throw two billion dollars to lure the Chicago Bears to

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Speaker 2: Northern Indiana. It's going to be great for the Bears,

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Speaker 2: it's going to be great for the business, it's going

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Speaker 2: to be great for economic development up in Northern Indiana.

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Speaker 2: But everything that they've done, which has been similar to

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Speaker 2: this again doing everything to be pro business. Growth has

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Speaker 2: not translated into more affordability for Hoosiers or high paying

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Speaker 2: jobs or high paying jobs. And again, nobody's talking about

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Speaker 2: any high paying jobs with the Chicago Bears Stadium. There'll

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Speaker 2: be some good construction jobs, but once the stadium is built,

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Speaker 2: that's going to be gone, and everything that's going to

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Speaker 2: be left are your average service jobs associated with that