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kilotaras | 1 year ago
Those are downstream of housing restrictions to a large extent. From "Housing theory of everything" [0]:
Consider a cleaner living in Alabama. In 1960 they could move to NYC and earn wages 84% higher, and still end up with 70% higher income after rent. In 2010, they could move to New York City and become 28% more productive, and earn a wage 28% higher – and reduce the surplus of workers back home, letting them demand higher pay. But since housing costs are so much higher, the net earnings and living standards of someone like this would fall if they moved today, and wouldn’t be worth it. The same would be true for plumbers, receptionists and other professions that allow other people to specialise at what they’re best at and minimise the time they spend on things like DIY and answering the phone. By contrast, top lawyers get wage boosts that are still sufficiently higher to justify a move in both 1960 and 2010, even after the higher rents they’ll have to pay.
[0] https://worksinprogress.co/issue/the-housing-theory-of-every...
efitz|1 year ago
Right now manufacturers should be considering other states. Florida, Tennessee and Texas all are income-tax-free and have business friendly regulatory climates. Several states like Alabama and West Virginia offer extremely low cost-of-living and property costs and likely would negotiate tax abatements.
kagakuninja|1 year ago
Desirable urban areas of California are expensive because we don't have enough housing.
scarface_74|1 year ago
Florida is my current home state.
You would be much better off moving to GA, TN, AL or almost any other southern state with more traditional business friendly Republicans.
And this isn’t meant to be a Republican vs Democrat thing. More so a “business friendly traditional Republican” vs “culture warrior Republicans”.
I have no opinion of how Democrats run their states. I’ve only lived in two states my entire life - GA and FL. I don’t keep up with state politics in other states.
apercu|1 year ago
I grew up in Texas. I've lived in 5 states and a Canadian province.
My sisters house in Fort Worth is assessed a little lower than my house in WI. But her property tax is more than my property tax plus WI state income tax so.....
shiroiushi|1 year ago
Yes, and abortion is illegal in those states, the schools are terrible, and they're full of MAGAts. You're not going to attract top talent to these places, especially women. There are very good reasons that knowledge industries are mostly concentrated in blue states.