News / Article

Louisiana struggles to retain college grads despite energy industry's presence

Source: - Sep 23, 2019

According to, Louisiana’s current strained economy is based largely on three factors: taxes, bureaucracy and an exodus of young adults after earning college degrees.

Gary Wagner, a business economist at University of Louisiana at Lafayette, said the issue is widespread.

“This is not oil and gas. The struggles that we are seeing are much more systemic and broad than what can just be confined to oil and gas,” Wagner said, referencing what is called “brain drain” - college graduates leaving the state.

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Category: General Business