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02-14-2013, 09:10 AM
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#1
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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THE TEXAS GROWTH MACHINE...
And it isn't low wage jobs........................Wh y are all the failed states run by Democrats ?
By Wendell Cox at City Journal
The data show that the Lone Star State’s prosperity is no mirage.
The American economy has had little to cheer about since the 2008 financial meltdown and the resulting recession. Recovery has been feeble, and many states continue to struggle. One bright spot in the general gloom, however, is Texas, which began shining long before 2008. Not only has Texas created jobs at a stunning rate; it has also—pace critics like the New York Times’s Paul Krugman—created lots of good jobs. Indeed, the rest of the nation could turn to the Lone Star State as a model for dynamic growth, as a close look at employment data shows.
The first thing to point out is that Texan job creation has far outpaced the national average. The number of jobs in Texas has grown by a truly impressive 31.5 percent since 1995, compared with just 12 percent nationwide, according to Bureau of Labor Statistics data (see Figure One). Texas has also lapped California, an important economic rival and the only state with a larger population. The Texas employment situation after the financial crisis was far less spectacular, of course, with the number of jobs growing just 2.4 percent from 2009 through 2011. But that was still six times the anemic 0.4 percent growth rate of the overall American economy.
The National Establishment Time-Series (NETS) Database, which provides detailed information on job creation and loss for firms headquartered in each state, can tell us more about Texas’s employment growth. NETS data are divided into two periods—the first from 1995 to 2002, the second from 2002 to 2009. During the 2002–09 period, small businesses of fewer than ten employees were the Texas employment engine, adding nearly 800,000 new jobs; of those, about three-quarters were in firms with two to nine employees, as Figure Two indicates. Larger Texas companies—those with 500 or more employees—lost a significant number of jobs over this span, and medium-size firms likewise shrank, trends that also showed up on the national level.
Figure Three, shifting back to Bureau of Labor Statistics data, shows that many of the new Texas jobs paid well. Indeed, Texas did comparatively better than the rest of the United States from 2002 through 2011. For industries paying over 150 percent of the average American wage, Texas could claim 216,000 extra jobs; the rest of the country added 495,000. In other words, the Lone Star State, with 8 percent of the U.S. population, created nearly a third of the country’s highest-paying positions. Texas also added 49,000 positions paying 125 percent to 150 percent of the U.S. average; the rest of the country lost 174,000 jobs in that category. As Figure Four shows, two sectors in which Texas employment did particularly well during the same period were natural-resource extraction (in fact, the state gained 80 percent of all new jobs in the country in that field) and professional, scientific, and technical positions. Both job categories boast average wages far higher than the national overall average. As happens whenever an economy grows, Texas also added hundreds of thousands of positions in food services, health care, and other lower-paid fields, in addition to the more lucrative jobs. Texas did lose 10,000 construction jobs, but that was a modest downturn, in light of the massive national slowdown in building caused by the crisis of 2008.
Vital to the economic health of Texas is that people are moving to its cities in droves. In 2011, Houston surpassed Philadelphia in population and became the country’s fifth-biggest metropolitan region, with 6.1 million people. Dallas–Fort Worth, with 6.5 million, was already the country’s fourth-biggest. The two cities trail only New York City, Los Angeles, and Chicago, marking the first time that a single state has had two metros in the country’s top five since the Census Bureau began designating these areas a century ago. Meanwhile, of all metropolitan areas in the country with more than 1 million residents, the fastest-growing from 2010 to 2011 was Austin.
Though the national downturn has slowed job creation in Texas’s cities, they’re still adding jobs, sometimes briskly, unlike many other American metropolitan regions (see Figure Five). Austin’s strong information-technology sector and government-related work (the city is Texas’s state capital) helped propel 4.3 percent job growth from 2009 through 2011 (and 15.3 percent growth from 2002 through 2009). The number of jobs in McAllen, which benefits from increased trade with Mexico under the North American Free Trade Agreement, grew 3.7 percent. Job growth in economically diverse Houston has matched or exceeded the state rate since 1995.
What accounts for the resilience of the Texas economy, which has outperformed the rest of the country not only over the long term but during the Great Recession as well? A pro-business climate has unquestionably been a substantial advantage. In its annual ranking of business environments, Chief Executive has named Texas the most growth-friendly state for eight years in a row. (California has been last for the same eight years.) The reasons included low taxes and sensible regulations; a high-quality workforce (Texas ranked second only to Utah in that category in 2012); and a pleasant living environment (an eighth-place finish, slightly below sixth-place Florida but, perhaps surprisingly, far better than 28th-place California).
Part of the explanation for the high living-environment score is doubtless Texas’s low cost of living. In 2011, the U.S. Bureau of Economic Analysis put Texas’s “regional price parity,” a measurement of the price level of goods in an area, at 97.1, a bit lower than the national level of 100 and far lower than the California level of 114.8. Adjusted for cost of living, Texas’s per-capita income is higher than California’s and nearly as high as New York’s. Factor in state and local taxes, and Texas pulls ahead of New York.
More than three-quarters of the cost-of-living difference between Texas and California can be explained by housing costs. As Figure Six shows, Texas mostly dodged the real-estate bubble of the 2000s: the affordability of houses in large metro areas spiked in America as a whole but rose only modestly in Texas. A major reason that Texas real estate is so affordable is that the state lacks the draconian land-use restrictions that drive California housing prices into the stratosphere. The affordable housing attracts both people and businesses. Since 2000, 1 million more people have moved to Texas from other states than have left.
All these considerations suggest that Texas is poised for further growth. And a final reason for Texans to be optimistic is that a major expansion of the Panama Canal will be completed in 2014. That could bolster the Lone Star State’s success by rerouting Asian commerce from West Coast ports to Texas alternatives, which are closer to the nation’s major markets.
Wendell Cox is the principal of Demographia, a public policy consultancy.
http://www.city-journal.org/2013/23_1_texas-growth.html
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02-14-2013, 10:07 AM
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#2
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Most of Texas' economic success is just following common sense. It's not that we're so smart, it's just that most of the other state governments are so stupid. Keeping taxes low, right to work and minimizing regulations is a no brainer. It's easy to look good comparing yourself to California; those people are nuts.
Part of me is sort of looking forward to the coming economic collapse; if it gives Texas the chance to secede it will be a blessing. I'm sure the Ukrainians are glad the USSR broke apart.
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02-14-2013, 10:09 AM
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#3
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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We have alot in common with the Ukraine:
Hot Ukraine babe -
Texan hottie -
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02-14-2013, 10:19 AM
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#4
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Texas is perfectly suited to seceding. We have vast resources; we're on the coast, and we Texans have always had a special sense of identity that sets us apart. We are also the only state that has it's own power grid. There are three electric power grids in America; one for the east, one for the west and one for Texas.
3 Major Interconnections or Power Grids in US
- Eastern
- Western
- Texas or ERCOT (Electric Reliability Council of Texas)
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02-14-2013, 10:36 AM
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#5
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Account Disabled
Join Date: Apr 1, 2009
Location: TBD
Posts: 7,435
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Quote:
Originally Posted by joe bloe
Texas is perfectly suited to seceding. We have vast resources; we're on the coast, and we Texans have always had a special since of identity that sets us apart. We are also the only state that has it's own power grid. There are three electric power grids in America; one for the east, one for the west and one for Texas.
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Texas has lots of gas and oil. Where does it go for metals - other states?
If you spent more time in other places, you would realize that a lot of states have a special sense to identity, not just Texas. You don't think CA and NY think they are different? The fact that a state thinks it is special doesn't make it so.
About 90+% of Texas trade is conducted with the other 49 states. How perfectly suited for secession will Texas be when it is cut off from both its customers and its vendors?
Other than an ever-shrinking minority of older white men, can you identify ANY part of the Texas population that doesn't think secession is a stupid idea espoused only by racists?
Take a look at the percentage of Texans whose families moved here in the last 40 years. What's that - about 40%? What percentage of Texans have close family members living in other states? About 90%? When the rest of their families are suddenly living in a foreign country and they have to get a visa to go visit them and vice versa, how popular is that going to be?
If 20-30% of the Texas population moves back to the states whence they came to stay united with their families, how is that Texas economy going to work out? Especially in the high tech sector, where a lot of recent Texas immigrants have come from?
But hey, that's cool. You have a map of an electrical grid to make your case for secession.
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02-14-2013, 11:00 AM
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#6
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Quote:
Originally Posted by ExNYer
Texas has lots of gas and oil. Where does it go for metals - other states?
If you spent more time in other places, you would realize that a lot of states have a special sense to identity, not just Texas. You don't think CA and NY think they are different? The fact that a state thinks it is special doesn't make it so.
About 90+% of Texas trade is conducted with the other 49 states. How perfectly suited for secession will Texas be when it is cut off from both its customers and its vendors?
Other than an ever-shrinking minority of older white men, can you identify ANY part of the Texas population that doesn't think secession is a stupid idea espoused only by racists?
Take a look at the percentage of Texans whose families moved here in the last 40 years. What's that - about 40%? What percentage of Texans have close family members living in other states? About 90%? When the rest of their families are suddenly living in a foreign country and they have to get a visa to go visit them and vice versa, how popular is that going to be?
If 20-30% of the Texas population moves back to the states whence they came to stay united with their families, how is that Texas economy going to work out? Especially in the high tech sector, where a lot of recent Texas immigrants have come from?
But hey, that's cool. You have a map of an electrical grid to make your case for secession.
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I'm not saying it's a good idea right now. What I'm saying is, if the economy collapses and we're in worst case scenario, secession may be an option at some point. The federal government has grown far beyond it's Constitutional limits. If the federal government abided by the tenth amemdment, all of the states would have much more ability to govern their own affairs.
By being more and more abusive of states rights, the federal government is increasing the likelihood of secession.
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02-14-2013, 12:11 PM
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#7
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Account Disabled
Join Date: Dec 23, 2009
Location: Central Texas
Posts: 15,047
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Quote:
Originally Posted by joe bloe
I'm not saying it's a good idea right now. What I'm saying is, if the economy collapses and we're in worst case scenario, secession may be an option at some point. The federal government has grown far beyond it's Constitutional limits. If the federal government abided by the tenth amemdment, all of the states would have much more ability to govern their own affairs.
By being more and more abusive of states rights, the federal government is increasing the likelihood of secession.
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Bloehard, why don't you do us all of Texas a favor and "secede" from the state. While you're at it, be sure to take Trendy with you. With a little prior planning, the two of you can have a Three Stooges Family Reunion with StupidOld LyingFart in Bitchita.
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02-14-2013, 12:14 PM
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#8
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Yeah! Come on up! We're WichitAWESOME!!
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02-14-2013, 02:32 PM
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#9
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Valued Poster
Join Date: May 3, 2011
Location: Out of a suitcase
Posts: 6,233
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Quote:
Originally Posted by Whirlaway
And it isn't low wage jobs........................Wh y are all the failed states run by Democrats ?
By Wendell Cox at City Journal The data show that the Lone Star State’s prosperity is no mirage.
The American economy has had little to cheer about since the 2008 financial meltdown and the resulting recession. Recovery has been feeble, and many states continue to struggle. One bright spot in the general gloom, however, is Texas, which began shining long before 2008. Not only has Texas created jobs at a stunning rate; it has also—pace critics like the New York Times’s Paul Krugman—created lots of good jobs. Indeed, the rest of the nation could turn to the Lone Star State as a model for dynamic growth, as a close look at employment data shows.
The first thing to point out is that Texan job creation has far outpaced the national average. The number of jobs in Texas has grown by a truly impressive 31.5 percent since 1995, compared with just 12 percent nationwide, according to Bureau of Labor Statistics data (see Figure One). Texas has also lapped California, an important economic rival and the only state with a larger population. The Texas employment situation after the financial crisis was far less spectacular, of course, with the number of jobs growing just 2.4 percent from 2009 through 2011. But that was still six times the anemic 0.4 percent growth rate of the overall American economy.
The National Establishment Time-Series (NETS) Database, which provides detailed information on job creation and loss for firms headquartered in each state, can tell us more about Texas’s employment growth. NETS data are divided into two periods—the first from 1995 to 2002, the second from 2002 to 2009. During the 2002–09 period, small businesses of fewer than ten employees were the Texas employment engine, adding nearly 800,000 new jobs; of those, about three-quarters were in firms with two to nine employees, as Figure Two indicates. Larger Texas companies—those with 500 or more employees—lost a significant number of jobs over this span, and medium-size firms likewise shrank, trends that also showed up on the national level.
Figure Three, shifting back to Bureau of Labor Statistics data, shows that many of the new Texas jobs paid well. Indeed, Texas did comparatively better than the rest of the United States from 2002 through 2011. For industries paying over 150 percent of the average American wage, Texas could claim 216,000 extra jobs; the rest of the country added 495,000. In other words, the Lone Star State, with 8 percent of the U.S. population, created nearly a third of the country’s highest-paying positions. Texas also added 49,000 positions paying 125 percent to 150 percent of the U.S. average; the rest of the country lost 174,000 jobs in that category. As Figure Four shows, two sectors in which Texas employment did particularly well during the same period were natural-resource extraction (in fact, the state gained 80 percent of all new jobs in the country in that field) and professional, scientific, and technical positions. Both job categories boast average wages far higher than the national overall average. As happens whenever an economy grows, Texas also added hundreds of thousands of positions in food services, health care, and other lower-paid fields, in addition to the more lucrative jobs. Texas did lose 10,000 construction jobs, but that was a modest downturn, in light of the massive national slowdown in building caused by the crisis of 2008.
Vital to the economic health of Texas is that people are moving to its cities in droves. In 2011, Houston surpassed Philadelphia in population and became the country’s fifth-biggest metropolitan region, with 6.1 million people. Dallas–Fort Worth, with 6.5 million, was already the country’s fourth-biggest. The two cities trail only New York City, Los Angeles, and Chicago, marking the first time that a single state has had two metros in the country’s top five since the Census Bureau began designating these areas a century ago. Meanwhile, of all metropolitan areas in the country with more than 1 million residents, the fastest-growing from 2010 to 2011 was Austin.
Though the national downturn has slowed job creation in Texas’s cities, they’re still adding jobs, sometimes briskly, unlike many other American metropolitan regions (see Figure Five). Austin’s strong information-technology sector and government-related work (the city is Texas’s state capital) helped propel 4.3 percent job growth from 2009 through 2011 (and 15.3 percent growth from 2002 through 2009). The number of jobs in McAllen, which benefits from increased trade with Mexico under the North American Free Trade Agreement, grew 3.7 percent. Job growth in economically diverse Houston has matched or exceeded the state rate since 1995.
What accounts for the resilience of the Texas economy, which has outperformed the rest of the country not only over the long term but during the Great Recession as well? A pro-business climate has unquestionably been a substantial advantage. In its annual ranking of business environments, Chief Executive has named Texas the most growth-friendly state for eight years in a row. (California has been last for the same eight years.) The reasons included low taxes and sensible regulations; a high-quality workforce (Texas ranked second only to Utah in that category in 2012); and a pleasant living environment (an eighth-place finish, slightly below sixth-place Florida but, perhaps surprisingly, far better than 28th-place California).
Part of the explanation for the high living-environment score is doubtless Texas’s low cost of living. In 2011, the U.S. Bureau of Economic Analysis put Texas’s “regional price parity,” a measurement of the price level of goods in an area, at 97.1, a bit lower than the national level of 100 and far lower than the California level of 114.8. Adjusted for cost of living, Texas’s per-capita income is higher than California’s and nearly as high as New York’s. Factor in state and local taxes, and Texas pulls ahead of New York.
More than three-quarters of the cost-of-living difference between Texas and California can be explained by housing costs. As Figure Six shows, Texas mostly dodged the real-estate bubble of the 2000s: the affordability of houses in large metro areas spiked in America as a whole but rose only modestly in Texas. A major reason that Texas real estate is so affordable is that the state lacks the draconian land-use restrictions that drive California housing prices into the stratosphere. The affordable housing attracts both people and businesses. Since 2000, 1 million more people have moved to Texas from other states than have left.
All these considerations suggest that Texas is poised for further growth. And a final reason for Texans to be optimistic is that a major expansion of the Panama Canal will be completed in 2014. That could bolster the Lone Star State’s success by rerouting Asian commerce from West Coast ports to Texas alternatives, which are closer to the nation’s major markets.
Wendell Cox is the principal of Demographia, a public policy consultancy.
http://www.city-journal.org/2013/23_1_texas-growth.html
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Notice all the graphs are info based on the author's calculations using BLS numbers. What numbers? Where are his calculations? He used 1995 to show a 31% increase. What if he used 2003? 2008?
These numbers mean nothing.
Quote:
Originally Posted by joe bloe
Most of Texas' economic success is just following common sense. It's not that we're so smart, it's just that most of the other state governments are so stupid. Keeping taxes low, right to work and minimizing regulations is a no brainer. It's easy to look good comparing yourself to California; those people are nuts.
Part of me is sort of looking forward to the coming economic collapse; if it gives Texas the chance to secede it will be a blessing. I'm sure the Ukrainians are glad the USSR broke apart.
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You are a true member of one of the most anti-American groups I have ever seen.
You are OK with the US plunging into economic collapse.
You say we are not smart, just less stupid than other Americans. In other words, there is no such thing as American Exceptionalism.
You think California a state with an economy larger than most countries in the world, should be ignored.
We should incur the anger of our former countrymen by succeeding from the US. You're sure they would still help if Mexico tried to claim/over run us. Whether we would win doesn't matter. A war would fuck things up pretty good.
And finally you see the US as being the same as the Soviet Union and compare us to the Ukraine leaving a repressive regime.
Your analytic ability is unmatched.
Quote:
Originally Posted by ExNYer
Texas has lots of gas and oil. Where does it go for metals - other states?
If you spent more time in other places, you would realize that a lot of states have a special sense to identity, not just Texas. You don't think CA and NY think they are different? The fact that a state thinks it is special doesn't make it so.
About 90+% of Texas trade is conducted with the other 49 states. How perfectly suited for secession will Texas be when it is cut off from both its customers and its vendors?
Other than an ever-shrinking minority of older white men, can you identify ANY part of the Texas population that doesn't think secession is a stupid idea espoused only by racists?
Take a look at the percentage of Texans whose families moved here in the last 40 years. What's that - about 40%? What percentage of Texans have close family members living in other states? About 90%? When the rest of their families are suddenly living in a foreign country and they have to get a visa to go visit them and vice versa, how popular is that going to be?
If 20-30% of the Texas population moves back to the states whence they came to stay united with their families, how is that Texas economy going to work out? Especially in the high tech sector, where a lot of recent Texas immigrants have come from?
But hey, that's cool. You have a map of an electrical grid to make your case for secession.
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Thank you for the reality check.
Did you catch that jose? whirly?
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02-14-2013, 02:51 PM
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#10
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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Quote:
Originally Posted by Munchmasterman
Notice all the graphs are info based on the author's calculations using BLS numbers. What numbers? Where are his calculations? He used 1995 to show a 31% increase. What if he used 2003? 2008?
These numbers mean nothing.
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Your too fucking funny MunchMouth...................h ere are the author' (Mr. Cox's) credentials, now what are yours ?
Principal of Wendell Cox Consultancy, an international public policy consulting firm with specializations in economics, public transit, transportation, devolution, labor policy, public expenditure policy, and strategic planning.
Established 1985
· Completed projects in the United States (49 states), Canada (6 provinces), the United Kingdom, Australia (5 states), New Zealand, Asia, Europe and Africa
Visiting Professor (Transport & Demographics), Conservatoire National des Arts et Metiers (CNAM), (2002-2003) Paris
CNAM is a national university offering programs to the doctoral level throughout France, elsewhere in Europe and in French overseas territories. Degrees up to the doctoral level can be earned at CNAM. The main campus is located at the Arts et Metiers station of the Paris Metro in the 3rd Arrondissement. CNAM is one of the world's largest universities, with an enrollment of 80,000. It was founded in 1793.
Three term member of the Los Angeles County Transportation Commission (1977-1985), the top transport policy body in the nation’s largest county.
Member, Amtrak Reform Council (1999-2002).
Vice-President, Member of the General Council and Member of the Scientific Committee, CODATU Association (Cooperation for Urban Mobility in the Developing World), Lyon.
Member, International Organizing Committee, International Conference on Competition and Ownership in Land Passenger Transport, 1991-
Visiting Fellow, The Heritage Foundation, Washington.
Senior Fellow, Institut économique de Montréal (Quebec)
Member, Board of Research Advisors, Frontier Centre, Winnipeg
Senior Fellow, Heartland Institute, Chicago
Senior Fellow for Urban Policy, Independence Institute, Denver
Senior Policy Advisor, James Madison Institute, Tallahassee
Adjunct Scholar, National Center for Policy Analysis, Dallas
Adjunct Scholar, Cato Institute, Washington
Senior Fellow, Georgia Public Policy Foundation, Atlanta
Adjunct Scholar, Oklahoma Council of Public Affairs, Oklahoma City
Adjunct Scholar, Maryland Public Policy Institute, Baltimore
Adjunct Scholar, Evergreen Freedom Foundation (Olympia, WA)
Adjunct Fellow, Reason Public Policy Institute (Los Angeles)
Senior Fellow, Texas Public Policy Foundation, Austin
Adjunct Scholar, Mackinac Institute (Michigan)
Adjunct Scholar, Pacific Research Institute (San Francisco)
Member, Board of Scholars, Virginia Institute for Public Policy
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02-14-2013, 03:41 PM
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#11
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Valued Poster
Join Date: Jan 17, 2011
Location: Texas
Posts: 843
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Attachment 195846
Don't sweat these libtard morons, JB. The ones who live in Texas hate it, because it's run by Republicans, almost as much as they hate America, which was founded on fundamental values that are still at play here in this great state.
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02-14-2013, 03:59 PM
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#12
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Account Disabled
Join Date: Apr 1, 2009
Location: TBD
Posts: 7,435
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Quote:
Originally Posted by EXTXOILMAN
Don't sweat these libtard morons, JB. The ones who live in Texas hate it, because it's run by Republicans, almost as much as they hate America, which was founded on fundamental values that are still at play here in this great state.
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Well, I'm not a "libtard" - quite conservative, in fact. But I can recognize a stupid idea when I see one. So, can YOU answer any of the questions I asked above?
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02-14-2013, 04:09 PM
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#13
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Valued Poster
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 61,083
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Quote:
Originally Posted by EXTXOILMAN
Attachment 195846
Don't sweat these libtard morons, JB. The ones who live in Texas hate it, because it's run by Republicans, almost as much as they hate America, which was founded on fundamental values that are still at play here in this great state.
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What the fuck are you talking about, LapDog?
I love Texas. That's why I choose to live here with mouth breathing, knuckle dragging, butt loving, hood wearing, gay rolling, cow punching, beer guzzling, bible thumping, Jerry Jones ass kissing FUCKHEADS like YOU!
The good definitely outweighs the bad, but if you don't watch the chicken fried steaks, bubba, it won't.
Obviously you haven't been here long enough...
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02-14-2013, 04:12 PM
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#14
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Valued Poster
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 61,083
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Quote:
Originally Posted by Whirlaway
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ACTUALLY, THAT IS A TEXAS GROWTH MACHINE. LOOKING AT HER MAKES ME GROW...
She's probably a real Texan, not one of those Vegas showgirls who pole dance at Jerry World.
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02-14-2013, 04:15 PM
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#15
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Ambassador
Join Date: Sep 23, 2012
Location: Kansas City
Posts: 13,233
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Damn!
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