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Why red states are winning the post-COVID economy

admin by admin
July 10, 2022
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Why red states are winning the post-COVID economy
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The numbers are in: Pink states are successful the post-COVID financial realignment, reports the Wall Street Journal, and blue states are shedding. 

The overall share of US jobs in red states has jumped greater than half a proportion level since February 2020. And pink states as a bunch haven’t solely received again all their pandemic job losses; they’ve added round 341,000 extra — whilst blue states nonetheless face an unpleasant deficit of 1.3 million jobs as of Might. 

To grasp why, look no additional than at New York, the place Gov. Andrew Cuomo and Mayor Invoice de Blasio’s pandemic insurance policies — business shutdowns, masks and vaccine mandates and college closures — made it unattainable to dwell and work within the Empire State. The identical may very well be seen in California. Worse nonetheless, these insurance policies continued lengthy after information confirmed their utter ineffectiveness in stopping the unfold of COVID. 

And all this got here on prime of present insurance policies, like sky-high taxes and miles of pink tape for companies, that had been pushing individuals out for years. 

Pink states like Florida and Texas, in the meantime, adopted the science and by no means went all-in on COVID restrictionism, holding their economies and colleges open as a lot as attainable. 

The end result? A whole bunch of hundreds fled New York and California for greener pastures in Texas and Florida. San Francisco received the prize for with greatest loss amongst large cities: a whopping 6.3% inhabitants drop between July 2020 and July 2021. New York Metropolis was additionally among the many greatest inhabitants shrinkers, with a 3.5% decline.

But pink states noticed large positive factors, with three of the fastest-growing cities over that interval in Texas, one other three in Florida and one other three in Idaho. 

That migration is now paying off large time for the successful areas, by way of recouped jobs and basic financial well being. Florida, it ought to be famous, notched a record-high funds surplus thanks partly to the pandemic realignment. Texas, in the meantime, has been breaking information each month since January with its will increase in nonfarm payrolls. 

And, no, New York and California didn’t stand up to the virus notably higher than Texas and Florida; all 4 have been close to the center of the pack amongst states, by way of deaths per capita.

It’s clear the pink states are driving our nationwide job numbers again to the place they have been earlier than the pandemic. Their smart, science-based insurance policies attracted corporations and staff, with out compromising public well being. Simply think about the place the nation could be if the blue states had adopted swimsuit.



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Tags: economypostCOVIDredstateswinning
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