CTs stagnant population and jobs
The CT Post ran and interesting article on CTs stagnant population (by MARIAN GAIL BROWN) and the economy today:
Connecticut's population grew by less than two-tenths of one percent last year — an anemic uptick that demographers at the Connecticut State Data Center say means there is a "significant likelihood" that the Constitution State will lose one of its five congressional seats by 2020.
Connecticut picked up an additional 6,556 residents, the equivalent of 39 more people per town if the population were divided equally amongst the state's 169 cities and towns, bringing its projected 2010 population to 3.4 million.
The article doesn't mentions the change in Cheshire's population, but I am curious. Just this Tuesday, I heard another comment about how "Cheshire is growing." And I have to admit... I'm wondering if that refers to Cheshire's population or Cheshire's government?
The article continues on job growth:
By the end of last year, Connecticut had regained 60,000 jobs it had lost during the last recession, putting employment in the state back to the level it was in 1989.
"The shocker is those 60,000 workers are earning $150 million less than the 60,000 jobs that disappeared during the recession," Carstensen said. "We've replaced all the accountants, lawyers, engineers and skilled manufacturing people mostly with retail clerks."
Tim White
4 comments:
The reality is, Connecticut is not a business friendly state.
Starting with the failure if the legislature to repeal the $ 250.00 business entity tax is exemplary. Although not a lot of money, as part of the big picture it reflects the whole attitude of the state, digging into the pockets of small business.
If our legislature's approach were to change to one less greedy, it would ultimately stimulate our economy, accelerate job growth, and increase state revenue.
PRISON GROWTH?
According to an article in yesterday’s Waterbury Republican Cheshire’s population grew a total of 125 people between 2006 and 2007. The article did not mention whether the 125 increase was all non-prison population though so I guess we need to keep wondering a bit how many tax paying new residents actually showed up in that period. The 08 population was pegged at 28,831.
Does 28,000 people include the prison population?
Lou Murray is so right that Connecticut is not a business friendly state, and it is not a people friendly state. State and local spending and taxes are way out of whack.
State legislators and local governments feel that it's their job to increase employment by having the state hire more of their friends and relatives.
Why would a new business ever move to a state that has the highest taxes in the country and whose public employee's wages and benefits are way out of line with the private sector.
Jim Amann thinks we are all going to be movie stars. That's our economic future. Raise taxes on boring businesses so we can subsidize Hollywood
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