What is the significance of the Sun Belt's GDP?

[Anonymous]

Anonymous wrote:
Lots of boomers retiring. That wealth growth in the South is likely coming from more pension and SS income. There's a difference between GDP that is coming from those sources and GDP from the growth of industry and businesses. It would be interesting to know how much of the growth is from retirees and how much from working people moving.

How do you explain this? https://www.wsj.com/articles/sunbelt-cities-nashville-and-austin-are-nations-hottest-job-markets-5a454a53?mod=article_inline

[Anonymous]

Anonymous wrote:I have seen several news articles today about states in the Sun Belt boasting a higher GDP than states in the Northeast and higher than the national average. I thought Red States don't contribute as much to the economy as Blue States. Or is it Red State governors trying to show why their economic policies work better than those of Blue States and cities? Is the transfer of wealth to the Sun Belt due to the Pandemic and remote work?

You misread the articles. They don’t have higher GDP than the Northeast, they have a higher rate of GDP growth since the Pandemic. Not at all the same thing. A big part of that is that a lot the Northeast did not drop off as much as the Sunbelt because the Northeast has a higher share of professional jobs that could be performed from home, and Sunbelt employers were more likely to lay-off workers than to give them temporary deferments. It’s similar with jobs. There is more hiring in the Sunbelt but that’s because there is more quitting and job hopping. More people in the NE did not have a break in employment or change jobs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have seen several news articles today about states in the Sun Belt boasting a higher GDP than states in the Northeast and higher than the national average. I thought Red States don't contribute as much to the economy as Blue States. Or is it Red State governors trying to show why their economic policies work better than those of Blue States and cities? Is the transfer of wealth to the Sun Belt due to the Pandemic and remote work?

You

You misread the articles. They don’t have higher GDP than the Northeast, they have a higher rate of GDP growth since the Pandemic. Not at all the same thing. A big part of that is that a lot the Northeast did not drop off as much as the Sunbelt because the Northeast has a higher share of professional jobs that could be performed from home, and Sunbelt employers were more likely to lay-off workers than to give them temporary deferments. It’s similar with jobs. There is more hiring in the Sunbelt but that’s because there is more quitting and job hopping. More people in the NE did not have a break in employment or change jobs.

No. You’re way off. From the Bloomberg article:

The numbers tell the story. For the first time, six fast-growing states in the South — Florida, Texas, Georgia, the Carolinas and Tennessee — are contributing more to the national GDP than the Northeast, with its Washington-New York-Boston corridor, in government figures going back to the 1990s. The switch happened during the pandemic and shows no signs of reverting.

The state selection is odd given that the southern states are not contiguous, but the comparison does say something.

[Anonymous]

Anonymous wrote:
I wonder how much is from remote workers.

With 68,442 students as of the Fall 2022 semester, the University of Central Florida has the second-largest on-campus student body of any public university in the United States. In East Orlando, it's a large employer.

The 4th largest employer of ALL graduates from UCF regardless of their college degree or major, is Lockheed Martin. And where is Lockheed Martin HQ'd? Not Florida. There is a large Lockheed Martin presence. There is a large defense presence.

There are also a lot of awards shows and presentations.

The National Defense Industrial Organization, HQ'd in Arlington, VA, has one or two big conferences in Orlando every year. Some companies in Florida, especially Orlando, do nothing but prepare for that one conference.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have seen several news articles today about states in the Sun Belt boasting a higher GDP than states in the Northeast and higher than the national average. I thought Red States don't contribute as much to the economy as Blue States. Or is it Red State governors trying to show why their economic policies work better than those of Blue States and cities? Is the transfer of wealth to the Sun Belt due to the Pandemic and remote work?

You

You misread the articles. They don’t have higher GDP than the Northeast, they have a higher rate of GDP growth since the Pandemic. Not at all the same thing. A big part of that is that a lot the Northeast did not drop off as much as the Sunbelt because the Northeast has a higher share of professional jobs that could be performed from home, and Sunbelt employers were more likely to lay-off workers than to give them temporary deferments. It’s similar with jobs. There is more hiring in the Sunbelt but that’s because there is more quitting and job hopping. More people in the NE did not have a break in employment or change jobs.

No. You’re way off. From the Bloomberg article:

The numbers tell the story. For the first time, six fast-growing states in the South — Florida, Texas, Georgia, the Carolinas and Tennessee — are contributing more to the national GDP than the Northeast, with its Washington-New York-Boston corridor, in government figures going back to the 1990s. The switch happened during the pandemic and shows no signs of reverting.

The state selection is odd given that the southern states are not contiguous, but the comparison does say something.

The state selection is odd because they were cherry-picked to make a point. Those states also aren’t at all “the Sun Belt” which includes California and Arizona.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have seen several news articles today about states in the Sun Belt boasting a higher GDP than states in the Northeast and higher than the national average. I thought Red States don't contribute as much to the economy as Blue States. Or is it Red State governors trying to show why their economic policies work better than those of Blue States and cities? Is the transfer of wealth to the Sun Belt due to the Pandemic and remote work?

You

You misread the articles. They don’t have higher GDP than the Northeast, they have a higher rate of GDP growth since the Pandemic. Not at all the same thing. A big part of that is that a lot the Northeast did not drop off as much as the Sunbelt because the Northeast has a higher share of professional jobs that could be performed from home, and Sunbelt employers were more likely to lay-off workers than to give them temporary deferments. It’s similar with jobs. There is more hiring in the Sunbelt but that’s because there is more quitting and job hopping. More people in the NE did not have a break in employment or change jobs.

No. You’re way off. From the Bloomberg article:

The numbers tell the story. For the first time, six fast-growing states in the South — Florida, Texas, Georgia, the Carolinas and Tennessee — are contributing more to the national GDP than the Northeast, with its Washington-New York-Boston corridor, in government figures going back to the 1990s. The switch happened during the pandemic and shows no signs of reverting.

The state selection is odd given that the southern states are not contiguous, but the comparison does say something.

The state selection is odd because they were cherry-picked to make a point. Those states also aren’t at all “the Sun Belt” which includes California and Arizona.

DP. The sunbelt overall is still showing the most growth, but those states are juggernauts. Companies and entire industries are relocating there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have seen several news articles today about states in the Sun Belt boasting a higher GDP than states in the Northeast and higher than the national average. I thought Red States don't contribute as much to the economy as Blue States. Or is it Red State governors trying to show why their economic policies work better than those of Blue States and cities? Is the transfer of wealth to the Sun Belt due to the Pandemic and remote work?

You

You misread the articles. They don’t have higher GDP than the Northeast, they have a higher rate of GDP growth since the Pandemic. Not at all the same thing. A big part of that is that a lot the Northeast did not drop off as much as the Sunbelt because the Northeast has a higher share of professional jobs that could be performed from home, and Sunbelt employers were more likely to lay-off workers than to give them temporary deferments. It’s similar with jobs. There is more hiring in the Sunbelt but that’s because there is more quitting and job hopping. More people in the NE did not have a break in employment or change jobs.

No. You’re way off. From the Bloomberg article:

The numbers tell the story. For the first time, six fast-growing states in the South — Florida, Texas, Georgia, the Carolinas and Tennessee — are contributing more to the national GDP than the Northeast, with its Washington-New York-Boston corridor, in government figures going back to the 1990s. The switch happened during the pandemic and shows no signs of reverting.

The state selection is odd given that the southern states are not contiguous, but the comparison does say something.

That the author cherry picked states to make a point?

[Anonymous]

Do people realize California is a sun belt state? California, Arizona, Texas, Georgia, Florida, North Carolina … Tennessee. They’re all booming.

[Anonymous]

Anonymous wrote:Do people realize California is a sun belt state? California, Arizona, Texas, Georgia, Florida, North Carolina … Tennessee. They’re all booming.

You're proving the thesis of the article. It said "sunbelt" and indeed, Arizona, Texas and Nevada are thriving as they gain many of the people and companies leaving California. California is part of the Sunbelt but isn't growing the way these other states are. Mississippi and Louisiana are also not growing like the others.

[Anonymous]

Anonymous wrote:Do people realize California is a sun belt state? California, Arizona, Texas, Georgia, Florida, North Carolina … Tennessee. They’re all booming.

The large cities in those states are booming. Not the small towns and rural areas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do people realize California is a sun belt state? California, Arizona, Texas, Georgia, Florida, North Carolina … Tennessee. They’re all booming.

The large cities in those states are booming. Not the small towns and rural areas.

Cite?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do people realize California is a sun belt state? California, Arizona, Texas, Georgia, Florida, North Carolina … Tennessee. They’re all booming.

The large cities in those states are booming. Not the small towns and rural areas.

Cite?

NP I live in North Carolina. This is exactly what is happening here! Almost all of the growth here is in the Charlotte metro and the Raleigh metro. The only rural areas that are growing are the ones on the edges of those cities. Kind of how Gainesville, VA used to be rural and is now an exurb of DC. Otherwise, most of the rest of the state is stagnant or declining.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do people realize California is a sun belt state? California, Arizona, Texas, Georgia, Florida, North Carolina … Tennessee. They’re all booming.

The large cities in those states are booming. Not the small towns and rural areas.

I mean, yes? And?

[Anonymous]

Anonymous wrote:
Anonymous wrote:
Do people realize California is a sun belt state? California, Arizona, Texas, Georgia, Florida, North Carolina … Tennessee. They’re all booming.


The large cities in those states are booming. Not the small towns and rural areas.


I mean, yes? And?

Well the thread title is "what is the significance"? So the significant thing may be that there will be states that were formerly red now turning purple or blue if the growth is in large cities. Urban dwellers historically tend to vote for the policies that the Democratic party is more likely to be espousing. Therefore they vote Democratic. I think this has to do with people living closer together and being more accepting of rules to regulate that kind of a lifestyle. When people of varying backgrounds are closer together, they have different priorities as far as governance goes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Anonymous wrote:
Do people realize California is a sun belt state? California, Arizona, Texas, Georgia, Florida, North Carolina … Tennessee. They’re all booming.


The large cities in those states are booming. Not the small towns and rural areas.


I mean, yes? And?

Well the thread title is "what is the significance"? So the significant thing may be that there will be states that were formerly red now turning purple or blue if the growth is in large cities. Urban dwellers historically tend to vote for the policies that the Democratic party is more likely to be espousing. Therefore they vote Democratic. I think this has to do with people living closer together and being more accepting of rules to regulate that kind of a lifestyle. When people of varying backgrounds are closer together, they have different priorities as far as governance goes.

You're talking about carpet baggers.

Actually, many assimilate.