Markets

Insider Trading

Hedge Funds

Retirement

Opinion

15 Least Hardworking States in the US

In this article, we will be taking a look at the 15 Least Hardworking States in the US. You can also take a detailed look at the 5 Least Hardworking States in the US.

In the United States, each state contributes its unique thread to the nation’s socio economic fabric. The American landscape reflects a diverse mosaic of cultures, industries, and work ethics. However, there are disparities in workforce engagement and productivity that shape the narrative of the nation’s prosperity. The concept of hard work is not only a cultural ethos but also a pivotal determinant of economic growth and social advancement. States with lower workforce participation rates, higher unemployment rates, and slower economic growth often find themselves to be less hardworking states than others. Additionally, factors such as educational attainment, income inequality, and access to job opportunities play crucial roles in shaping a state’s work ethic.

According to data from the Bureau of Labor Statistics (BLS) and the US Census Bureau, these states exhibit trends indicative of lower workforce engagement and productivity. For instance, the labor force participation rate, which measures the percentage of the population that is either employed or actively seeking employment, tends to be lower in these states compared to the national average. In Alabama, as per Bureau of Labor Statistics, the labor force participation rate stands at 57.4%, as of January, 2024, compared to the national average of 62.5% during the same period. Similarly, the unemployment rates in these states may be higher than the national average. 

Moreover, economic data such as gross domestic product (GDP) per capita and median household income offer insights into the economic well-being of these states. States with lower GDP per capita and median household income levels may face greater economic hardships, leading to lower overall work ethic and productivity issues. In Illinois, for example, the GDP per capita is $65,524, compared to the national average of $63,776. Additionally, statistics, on average, weekly hours worked and productivity levels can further illuminate the labor dynamics within each state. States with lower average weekly hours worked and productivity levels may be perceived as less hardworking due to factors such as inefficient labor practices, lack of investment in technology and infrastructure, and cultural attitudes towards work.

Furthermore, the presence or absence of prominent public companies within these states can also impact their overall economic landscape and work ethic. For example, companies like The Boeing Company (NYSE:BA) in Washington or Ford Motor Company (NYSE:F) in Michigan can significantly influence employment rates and workforce engagement in their respective states. However, in some cases, the presence of large public companies may not necessarily translate to higher workforce engagement and productivity. Instances of labor disputes, outsourcing, or automation in these companies may lead to job losses or reduced job security for workers, impacting the overall work ethic of the state.

An article by Reuters reported that The Boeing Company (NYSE:BA) faced significant challenges in recent years due to issues with its 737 MAX aircraft and the COVID-19 pandemic, resulting in around 30,000 layoffs and production cuts. Similarly, Ford Motor Company (NYSE:F) is reported to have undergone restructuring efforts and workforce reductions in response to changing market dynamics and technological advancements in the automotive industry. Such developments contribute to a sense of uncertainty and insecurity among workers, potentially impacting their motivation and productivity levels.

Methodology

To compile the list of the 15 Least Hardworking States in the US we have considered rankings from multiple popular sources like: News Nation, Beckers ASC, and Thrillist. Rankings from each source were assigned a weighted score and then we calculated the average rankings of these states to calculate our own scores for each state to determine the least hard working states in the US right now, ranking from most hardworking states to the least hard working states. The list is presented in descending order of scores, with higher scores corresponding to higher levels of hard work. 

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a similar consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years. Whether you are a beginner investor or a professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders – check details here.

15. Alabama

Score: 10

Despite its high score, Alabama is perceived as less hard-working due to historical factors and socioeconomic challenges. The state has faced issues such as racial disparities, poverty, and limited access to quality education, which can impact workforce participation and productivity. Additionally, while Alabama has a diverse economy, certain regions may still struggle with unemployment and underemployment, particularly in rural areas. Factors such as low wages in certain industries and limited job training programs could also contribute to a perception of lower overall workforce dedication.

14. Pennsylvania

Score: 9.5

Pennsylvania’s ranking as a less hard-working state may stem from its transition away from traditional industries like coal mining and steel production. While the state has made strides in diversifying its economy, certain regions may still face economic challenges and workforce disparities. Factors such as rural depopulation, limited access to higher education, and an aging workforce could impact overall workforce participation and productivity. Additionally, socioeconomic factors such as income inequality and lack of investment in infrastructure and workforce development programs may contribute to a perception of lower work ethic among some segments of the population.

13. Kentucky

Score: 8

Kentucky makes it to the list of less hard-working states due to the influence of its struggles with economic diversification and access to opportunities. The state’s reliance on industries such as manufacturing and coal mining, which have experienced declines in recent years, contribute to higher rates of unemployment and underemployment. Limited access to quality education and healthcare, particularly in rural areas, hinder workforce participation and productivity. Additionally, socioeconomic factors such as poverty and income inequality may perpetuate cycles of economic hardship and impact overall workforce dedication.

12. Illinois

Score: 8

Illinois’ perception as a less hard-working state is shaped by its challenges with political dysfunction and economic disparities. The state’s struggles with corruption, fiscal mismanagement, and partisan gridlock may hinder investment in education, infrastructure, and workforce development. This exacerbate regional disparities and perpetuate cycles of poverty and economic stagnation in certain areas. Additionally, issues such as high taxes and regulatory burdens may deter business investment and job creation, impacting overall workforce participation and productivity. Despite its diverse economy and access to major metropolitan areas, Illinois may struggle to address systemic barriers to economic mobility and workforce engagement.

11. New Jersey

Score: 7

New Jersey, the Garden State, ranks 11th on the least hard-working states and several factors contribute to this ranking. The state has a diverse economy, with strengths in industries such as finance, pharmaceuticals, manufacturing, healthcare, and technology and make them better than some other states in terms of people’s hard work. This economic diversity provides residents with a range of job opportunities and promotes workforce engagement. Additionally, New Jersey’s strong work ethic is rooted in its history as a center of innovation and entrepreneurship. The state’s proximity to major metropolitan areas like New York City and Philadelphia, as well as its access to ports and transportation networks, enhance economic opportunities for residents and businesses alike. However, an influx of people from different backgrounds also means that different work attitudes enter workplaces and some of them may not be as hard working as others. Nonetheless, a well-educated and skilled workforce is crucial for driving innovation and economic growth, making New Jersey a competitive state in terms of workforce development.

10. Nevada

Score: 6.5

Nevada’s status as a less hard-working state could also be influenced by its reliance on the gaming and entertainment industry, which fosters an environment where leisure and entertainment are highly valued. The transient nature of employment in the hospitality sector, with its seasonal fluctuations and high turnover rates, may contribute to a perception of lower overall workforce dedication. Additionally, Nevada’s relatively low wages in certain industries like the food and agriculture industry  disincentivize residents from seeking long-term employment or investing in skill development.

9. Ohio

Score: 6.5

Ohio’s ranking as a less hard-working state may be influenced by factors such as economic restructuring and deindustrialization. While the state does have a diverse economy, certain regions may still be grappling with the legacy of manufacturing decline, leading to high rates of unemployment and underemployment. Socioeconomic factors such as poverty, lack of access to quality education and job training programs, and disparities in healthcare access may hinder workforce participation and productivity levels.

8. Massachusetts 

Score: 6

Massachusetts, despite its strong knowledge-based economy and investment in education, may still be considered a less hard-working state due to socioeconomic disparities and challenges related to affordability. The high cost of living, particularly in cities like Boston, may create barriers to economic mobility for lower-income residents and contribute to income inequality. While there are ample opportunities for highly skilled professionals in sectors like biotechnology and healthcare, there may be disparities in access to these opportunities based on socioeconomic background or geographic location.

7. Oregon

Score: 7

Oregon’s reputation for a laid-back lifestyle and emphasis on work-life balance could contribute to its perception as a less hard-working state. The state’s natural beauty and outdoor recreational opportunities may foster a culture where leisure activities are highly valued, potentially detracting from a strong work ethic. While Oregon does have a diverse economy and access to international markets, there may be a cultural inclination towards prioritizing personal fulfillment and well-being over traditional career advancement.

6. Connecticut

Score: 6

Connecticut’s perception as a less hard-working state may be influenced by factors such as income inequality and access to economic opportunities. While the state does have a strong finance sector and strategic location, there may be challenges related to affordability and socioeconomic disparities. The pressure to succeed in highly competitive industries like finance and insurance could lead to a culture of overwork and burnout among workers, detracting from overall workforce productivity. Additionally, socioeconomic barriers such as lack of access to quality education and job training programs may hinder economic mobility for certain segments of the population.

Click to continue reading and see the 5 Least Hardworking States in the US.

Suggested Articles:

Disclosure: none. 15 Least Hardworking States in the US is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…