States can … use their resources in a zero-sum battle with each other to provide incentives to lure companies to one state or another. But all the resources that states waste on those efforts are resources they don’t have to make their people more productive.
-Noah Berger, co-author of study showing that high wages and productivity in states is closely correlated with having a well-educated workforce, but there is no significant link between a state’s tax rates and its wages (Source: http://wapo.st/178sTOg)