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Willisms

« Trivia Tidbit of the Day: Part 760 -- Obama's Unpopularity. | WILLisms.com | Trivia Tidbit of the Day: Part 762 -- Medicare's Runaway Growth. »

Trivia Tidbit of the Day: Part 761 -- Ten Year Job Growth, Or Lack Thereof.

Ideas Matter-

Much has been made about America's lack of net job growth over the past decade. Some places have added jobs, though. Others, not so much:

tenyearjobgrowth.gif
The first decade of this century was a dud for job creation nationwide. With a weak recovery from the 2001 recession followed by the Great Recession, the nation as a whole gained almost no jobs during the decade (actually, there was a 0.3 percent increase). That made the aughts the first decade since the Great Depression without any substantial job growth.

But as with so many national statistics, this national average hides enormous regional variation. And since, for most people, job markets are regional, this regional variation really matters for working people. The map below shows what happened to employment in each of the nation’s 100 largest metro areas from the end of 1999 to the end of 2009.

Ideas matter.

There is no reason cities like Cleveland can't turn it around. They just need to throw off the big government, big union dogmas that are dragging them down:

When cities like Cleveland and Detroit are doing well again, it will absolutely benefit cities that currently seem to be benefiting from their decline. Houston, Dallas, Austin, and other red state cities are eventually going to be bled dry by the failure of cities in the Midwest, California, and Northeast. There is no doubt that under Obama and the Democrats, successful cities and states-- conservative, for the most part-- will have to subsidize the failure in those left-leaning places. It doesn't have to be that way. States competing is a good thing. Right now, our national policy seems to be to eliminate competition, subsidize failure, and redistribute wealth. That can't last in any society, even one as strong as American society.

We won't fully pull ourselves out of this recession until we get that Washington-centric economic tinkering problem resolved.

-------------------------------------

Previous Trivia Tidbit: Unpopular Obama.

Posted by Will Franklin · 19 March 2010 11:34 AM

Comments

Hola, Nombre de www.willisms.com a GoogleReader!

Kicker

Posted by: Kicker at March 30, 2010 11:45 AM

"There is no doubt that under Obama and the Democrats, successful cities and states-- conservative, for the most part-- will have to subsidize the failure in those left-leaning places. It doesn't have to be that way."

Until demographic shifts or a return to federalism make it otherwise, it will be so. Left-leaning places will not revitalize, not if Europe is any measure of what soul-rotting Socialism does. That means that until we have the votes or the federalist safeguards in place to keep the leeches off us, we're going to subsidize the failure of our betters.

Robbery by majority vote. Like our recent World-Historic Health Care Reform.

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