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I'm waiting patiently until the academic studies on COVID response vs. what happens next. Assuming the actual rules got wound back fairly quickly, we've got a r
by roenxi 3y ago
I'm waiting patiently until the academic studies on COVID response vs. what happens next. Assuming the actual rules got wound back fairly quickly, we've got a really interesting natural experiment on the go into what real medium-term business confidence looks like when governments roll in and shut things down unexpectedly.
- dangus 3y agoI don't know how this is relevant. Are you trying to hypothesize that Texas' "keep business open" response to COVID helped business medium-term confidence? I will point out that Texas has one of the country's HIGHEST unemployment rates: https://www.bls.gov/web/laus/laumstrk.htm https://www.bls.gov/web/laus/laumstrk.htm Only 5 states have higher unemployment. It's 2023, I don't think COVID is relevant to any business decision anymore. If we are going to make up hypotheses on what drives employers to relocate to Texas, I will submit the idea that Texas' poor workers' rights are attractive to business owners: https://www.keranews.org/news/2022-09-13/texas-is-one-of-the-worst-states-in-the-country-for-workers-heres-why https://www.keranews.org/news/2022-09-13/texas-is-one-of-the...
- camhart 3y agoAre you arguing that shutting down portions of the economy made no impact on the economy? I find that hard to believe.
- KerrAvon 3y ago[flagged]
- adventured 3y agoThose BLS numbers are garbage. Maryland's unemployment rate is not 1.6%. You'd have to dig into the state by state presentations on unemployment to get a proper picture and comparison. It's quite a time consuming task.
- dangus 3y agoOkay, maybe you should do that and come back with a proper analysis. Personally I would trust federal numbers more than “some guy says nuh-uh that can’t be right.”
- mc32 3y agoIt’s also business climate (regulation) and crime. While SF I’d not Cal it’s a bell weather and businesses are rethinking NY State and Cal. Of course for many it’s still viable to stay but some have moved and some more are considering it. I don’t mean it’ll become Detroit —a one trick pony, and collapse but it could mimic 1980s NYC when biz moved across the river.
- dangus 3y agoIs it really crime? San Antonio, Dallas, and Houston all have higher burglary rates than Oakland, CA and San Francisco. New York City has the lowest burglary rate on the entire top 100 list. Dallas and Houston have higher total violent crime rates than Los Angeles. https://en.wikipedia.org/wiki/List_of_United_States_cities_by_crime_rate https://en.wikipedia.org/wiki/List_of_United_States_cities_b... Speaking of regulation, could it be that businesses prefer Texas due to poor workers' rights? https://www.keranews.org/news/2022-09-13/texas-is-one-of-the-worst-states-in-the-country-for-workers-heres-why https://www.keranews.org/news/2022-09-13/texas-is-one-of-the... I'm also unsure what California business climate is stifling businesses there, considering it is the #1 GDP economy in the country, 5th highest state in GDP per capita, and only 5 or 6 entire countries in the world have larger economies. Is there a specific regulation that is stopping your business idea from working in California?
- selimthegrim 3y agoBusiness climate.
- dangus 3y agoI misread you, fixed my comment. But I'm still confused, what is not good about the business climate? It is the #1 GDP in the country, #5 GDP per capita, larger than all but 5 or 6 countries in the entire world. Home to a huge number of companies in the S&P 500 like Alphabet, Apple, Meta, Chevron, Intel, Walt Disney, HP, Cisco, Oracle, and the list goes on. Why haven't they moved to other states? What, specifically, is bad about the business climate in California? And I'm talking about things that can't be easily refuted with basic facts.