Joe Santos, director of South Dakota State University’s Ness School of Management and Economics where he leads the Dykhouse Program in Money, Banking and Regulation, was invited to discuss economic conditions for South Dakota at the 2023 Regional Economic Conditions Conference.
Currently, per capita personal income is greater in South Dakota than the rest of the United States, according to U.S. Bureau of Economic Analysis. South Dakota PCI is $66,413 while the U.S. average is $65,636.
“That’s interesting as it is, but I think this offers us a really interesting analytical off-ramp, if you will, for what’s going on in the labor markets in South Dakota,” Santos explained, referring to the state’s PCI.