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