I have the following regression:
wage = constant + (beta1)*michigan+ (beta2)*california+...+(beta49)florida+(beta50)education + u
where michigan is equal to one if the person is from michigan and zero otherwise, and so on for all of the next state variables. education is equal to the number of years of education of the person. The base case is South Dakota, which is the state that does not appear in the regression, that is why the coefficient for florida is 49 and not 50.
I want to get the effect of being from south dakota against any other state in wage. My idea is to run this regression, and then add up betas for all other states (beta1 to beta49). If the sum is positive that would mean that people from any other state earn on average more, and the opposite if the sum is negative. Is this correct? if so , why? if not, why not? and what would be the right way to do it?