Quote:
Originally Posted by atlcomedy
"Fellow Board Members, what do you think?"
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OK, I'll bite. The population is following the money. It always does.
Nice weather, beaches and such are a distant second. The money has come south because the capital can come south...to buy land, build buildings, and find labor for a much lower investment. So, it does so. More workforce then follows where the capital has gone.
The ability to allow capital to move has been fostered by the fact that transportaion is so easy today. We can get from LA to NY in a few hours today...where 50 years ago it was a 3-5 day train ride...and 100 years ago it was a several month quest.
For the NE to "reinvent" itself is going to be a difficult task. Tearing out old, but existing, infrastrucutre to compete with newer infrastrucure elsewhere is a costly task...and must be done with a labor force that has expectations of higher income than its southern neighbors.