3 ms·
We could look at state-level GDP as one measure, but I don't think it's as clear-cut as you think - see [1]. There's a significant amount of money in farming,
by mdorazio 7y ago
We could look at state-level GDP as one measure, but I don't think it's as clear-cut as you think - see [1]. There's a significant amount of money in farming, livestock, and manufacturing, which tend to cluster in "cheap" states. I think you make a good point about concentration of wealth at the state level, though. There's probably a case to be made that rural states are more susceptible to control by a few individuals/corporations that make up large segments of the state's economic output. It's worth noting that economic inequality is usually higher in states with bigger economies, though [2].
[1] https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP https://en.wikipedia.org/wiki/List_of_U.S._states_and_territ...
[2] https://en.wikipedia.org/wiki/List_of_U.S._states_by_Gini_coefficient https://en.wikipedia.org/wiki/List_of_U.S._states_by_Gini_co...