The Texas ‘Miracle’ Myth

• The Texas Miracle Myth comes from a misunderstanding of how population growth affects the economy.

• Texas’s job growth is being driven by population growth; many of the people moving to Texas are attracted by the low cost of living and cheap housing (the result of a tightly regulated housing market.)

• The population growth-driven creation of low wage jobs coupled with slashed regulations represents a race to the bottom approach that is unsustainable on a national level.

The Texas Unmiracle