The latest Prairie Business popped out of our mailbox yesterday. Among other things, we learned that South Dakota has the nation's lowest compensation per job. In 2008, the per-job average here was $40,726. The next lowest state, Montana, posts $1462 more per job. The national average per job is $56,116.
South Dakota's average compensation per job is 73% of the national average. South Dakota's cost of living is 91% of the national average. Our median household income is 88% of the national average. Our per capita personal income is 94% of the national average, ranking us 25th in the country. Evidently we make up the difference by working more hours and more jobs.
That's South Dakota's great quality of life: you get crap wages, so you work more hours and get to brag about your great work ethic. Yay.
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