Tag Archives: Unemployment

New poll finds one third of young New Yorkers plan to leave state

Eastern United States Map
Eastern United States Map

From CBS News.

Excerpt:

A New York poll provides grim evidence of a continuing exodus from the state, once the national leader in manufacturing and other high-paying jobs.

The NY1-YNN-Marist College poll released Thursday night finds 1 in 3 New Yorkers under age 30 plans to move to another state at some time, while 1 in 4 adults overall plans an exodus from the Empire State within five years.

“Right now, many young people do not see their future in New York state,” said Marist pollster Lee Miringoff. “Unchecked, this threatens to drain the state of the next generation.”

According to the survey, most of those who plan to move will do so because of economic reasons including jobs, the cost of living, and taxes. Although the recession has been officially over for months, many New Yorkers still feel the worst is yet to come.

Thirty-seven percent of New Yorkers polled feel the economy is getting worse, up from 31 percent in February’s poll. The number who feels the economy is improving dropped to 16 percent, from 19 percent in February.

[…]The American Legislative Exchange Council reported that New York lost 1.9 million residents from 1998 to 2007, most of them young and educated.

Why is this happening?

Mary sent me this article from the Manhattan Institute, which gives some clues.

Excerpt:

For one thing, according to a recent survey in Chief Executive, New York State has the second-worst business climate in the country. (Only California ranks lower.) People go where the jobs are, so when a state repels businesses, it repels residents, too. It’s also telling that in the Marist poll, 62 percent of New Yorkers planning to leave cited economic factors—including cost of living (30 percent), taxes (19 percent), and the job environment (10 percent)—as the primary reason.

In upstate New York, a big part of the problem is extraordinarily high property taxes. New York has the 15 highest-taxed counties in the country, including Nassau and Westchester, which rank first and second nationwide. Most of the property tax goes toward paying the state’s Medicaid bill—which is unlikely to diminish, since the state’s most powerful lobby, the political cartel created by the alliance of the hospital workers’ union and hospital management, has gone unchallenged by new governor Andrew Cuomo.

[…]Parts of the country are seeing a revival of manufacturing—traditionally a source of upward mobility for immigrants—but not New York City, whose manufacturing continues to decline. The culprits here include the city’s zoning policies, business taxes, and declining physical infrastructure.

Then there’s the cost of living in New York City. A 2009 report by the Center for an Urban Future found that “a New Yorker would have to make $123,322 a year to have the same standard of living as someone making $50,000 in Houston. In Manhattan, a $60,000 salary is equivalent to someone making $26,092 in Atlanta.” Even Queens, the report found, was the fifth most expensive urban area in the country.

In completely unrelated news, the Democrats just won another seat in New York state due to the incompetence of the state Republican party.

Spanish conservatives defeat socialists in regional and local elections

Political Map of Europe
Political Map of Europe

From the Atlanta Journal-Constitution. (H/T Bret Baier)

Excerpt:

Spain’s ruling Socialists suffered a crushing defeat to conservatives in local and regional elections Sunday, yielding power even in traditional strongholds against a backdrop of staggering unemployment and unprecedented sit-ins by Spaniards furious with what they see as politicians who don’t care about their plight.Prime Minister Jose Luis Rodriguez Zapatero said the result was due punishment of his government for the state of the economy — the jobless rate is a eurozone high of 21.3 percent. But he said he had no plans to move up general elections, which must be held by March of next year, and pledged to press on with job-creating reforms despite the loud outcry of opposition to his party.

The win for the conservative opposition Popular Party puts it in even a stronger position to win the general elections and return to power after eight years of Socialist rule.

In what Spanish media said was the worst performance on record by the Socialist Party in local and regional elections, the numbers reflecting the loss were stunning: the conservative Popular Party won at the municipal level by about two million votes, compared to 150,000 in its win in 2007, and in 13 regional governments that were up for grabs, Zapatero’s party lost in virtually all of them.

One was Castilla-La Mancha in central Spain, where the Socialists have always held power. The Socialists also lost bastions like the town halls in Barcelona and Seville. The conservatives padded their majorities in Madrid and Valencia, in the latter even though the president is under investigation for corruption. Several other Socialist-controlled regional governments also fell. Spain’s electoral map turned largely blue — the color of the Popular Party.

I can see why Zapatero would want to avoid calling federal elections. Spain’s youth unemployment stands at 45% and he is very likely to be thrown out of power completely. I’m sure a lot of the young people voted for socialism, because socialism is so trendy in movies, music, in the universities, and on television . But the young people are finding out now that you cannot cover your nakedness with empty rhetoric, you cannot feed your stomach with feelings of self-congratulation, and you cannot coerce employers to hire you by demonizing capitalism.

The failed prediction that the mainstream media isn’t covering

From Powerline Blog.

Excerpt:

I have been puzzled by the extent of the media coverage of some crank’s prediction that the world would come to an end today. People are always predicting the end of the world. So far they have always been wrong. Was there something about this particular prediction that was newsworthy? Did any significant number of people expect to wake up this morning and see graves opening and people ascending into Heaven? This morning, there were news stories to the effect that the world still exists. Really! Did reporters expect their readers to be surprised? Why, in short, was this silliness a major media event?

I wish reporters would pay as much attention to a more important failed prediction: the Obama administration’s assurance that its policies, including the “stimulus,” would foster job creation and prevent unemployment from reaching 8 percent.

And here are some charts from John’s post.

Community organizer Obama predicted that his $800 billion dollar stimulus program would keep unemployment below 8%:

Stimulus Job Creation Prediction
Stimulus Job Creation Prediction

Ooops! Never send a community organizer to do an economist’s job.

How about all that spending? Surely ALL the spending must have created more jobs?

Government Spending Vs Jobs
Government Spending Vs Jobs

Hans Bader of the Competitive Enterprise Institute links to a new study by two economics professors that shows that 550,000 jobs were LOST because of the stimulus bill.

This should be the end of the belief that government spending creates jobs, but it won’t be, because the university is not committed to teaching what gets results, but what produces feelings of superiority. The secular elites feel that they should be allowed to redistribute the wealth created by businesses and workers. This feeling of entitlement to control and distribute is best put into practice with large-scale taxation, spending and redistribution of wealth. The professors think that their good feelings (subjective) will somehow, mysteriously, cause good effects in the real world (objective). The chart proves their mysticism wrong, but the university is insulated from feedback from the real world.

That is why we need to elect business owners like Michele Bachmann or Herman Cain.