Posted on 08/14/2020 8:02:46 PM PDT by SeekAndFind
New York has the worst economic outlook of any state in the US, according to a recent ranking that comes as thousands flee the Big Apple amid escalating crime and chaos.
The American Legislative Exchange Council (ALEC) published its 13th annual Rich States, Poor States ranking on Wednesday. The researchers looked at issues such as taxation and the economic competitiveness of the state.
The economic outlook rating state gross domestic product, absolute domestic migration and non-farm payroll employment.
Utah, for the 13th year running, was top of the ranking and New York, for the sixth year in a row, was last.
The future of New York City, one of if not the largest city economy in America, is becoming decreasingly appetizing for the rich thanks to a series of decisions by officials.
Since March, Mayor Bill de Blasio has stripped the NYPD of $1billion and moved 13,000 homeless people into hotels around the city.
He has waved off wealthy New Yorkers who fled at height of the pandemic to avoid getting COVID-19, and says they will be replaced, seemingly paying no heed to gaping tax deficit they will leave if they pull their money permanently out of the city.
Gov. Andrew Cuomo, by contrast, is begging them to stay to keep the city afloat.
These are the rankings for economic outlook which measures is based on state gross domestic product, absolute domestic migration and non-farm payroll employment
New York was the global epicenter of the pandemic for an agonizing month during which, at its most intense, close to 1,000 people across the state were dying every day.
(Excerpt) Read more at dailymail.co.uk ...
True. Add to that employers, who previously had to project success with a Manhattan address, have had the stigma of off-site and remote work removed. Companies no longer have to play the pretend game with the shiny people in professional wear occupying a pricey office to show their clients they're getting top notch professionalism for their money. Clients now expect the work will be done by remote staff, even from home.
I would laugh when people would show up for meetings in a suit and tie at a client's office after I had just seen them at their own office in jeans. It's like getting into costume before the cameras roll. I still see it in web meetings now. I'll have a pre-meeting web conversation with someone in regular clothes and then see them an hour later on the web conference dressed up, contacts in, hair done, etc. (the women more extreme than the men).
With the digital backgrounds, it's even funnier. I'll see people in one meeting with the household craziness behind them and then in a different meeting with a professional looking office with windows overlooking a corporate lawn. I can't tell you how many "promotions" I've seen with coworkers going from cubicles to wood-paneled and floor-to-ceiling-windowed "corner offices". (and a few whose office now appears to be a luxury sky box overlooking the field in the stadium of their favorite sports team)
Now you can have fixed images as your digital background. Soon to come is a video loop of any moving background you want; busy offices, production shops, tropical breezes blowing trees edging a lagoon, etc.
It wasn't just the work that was affected by the digital revolution, it was the image and presentation of the company and staff... and no one knows that impact better than Madison Avenue.
Amazing list... eight out of the top ten best are Republican States... the two dem states in the top 10 both had Republican governors before the current sitting democrat...
In the bottom ten - worst states - eight out of ten are democrat.
1. Utah R
2. Wyoming R
3. Idaho R
4. Indiana R
5. North Carolina D
6. Nevada D
7. Florida R
8. Tennessee R
9. Oklahoma R
10. Arizona R
11. North Dakota R
12. Wisconsin D
13. South Dakota R
14. Michigan D
15. Texas R
16. Virginia D
17. New Hampshire R
18. Colorado D
19. Missouri R
20. Mississippi R
21. Georgia R
22. Arkansas R
23. Alabama R
24. Delaware D
25. Kansas D
26. Alaska R
27. Iowa R
28. West Virginia R
29. Ohio R
30. Louisiana D
31. Kentucky D
32. South Carolina R
33. Montana D
34. New Mexico D
35. Massachusetts R
36. Nebraska R
37. Maryland R
38. Pennsylvania D
39. Washington D
40. Connecticut D
41. Maine D
42. Oregon D
43. Rhode Island D
44. Hawaii D
45. Minnesota D
46. California D
47. Illinois D
48. New Jersey D
49. Vermont R
50. New York D
Wow, this chart is very revealing. Thanks for the heads up, GOPJ.
You can really see the flight from disaster states and warmer climates. I was heartened to see Georgia is 21, so my home real estate investment looks pretty good, unless Northeasters bring their political Covid when they move here.
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