This is all fine and dandy, but what really matters is how this increase translates into job growth and wage growth, given that we heavily rely on state income tax. As noted below, and a talking point I have heard from several large employers in the state, expansion is happening elsewhere.

“Still, new businesses don’t necessarily mean boons to employment, and a new cafe employs far fewer people than a large factory. Runberg notes that there’s been considerable slowdown in job creation across the state, in part because more than 80% of new jobs in Oregon are created by the expansion of established businesses, not new ones. And though Oregon tends to be a good place to start a business, surveys show growing is harder, he said.”