Posted by
Message
ExtraGravy
Member since Nov 2018
237 posts

WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
The story reminds me of threads the last week that talked about the fate of Shreveport, Alexandria, other cities in Louisiana too.

LINK

I thought suggestions in the thread like "omg once you start electing Democrats it's sure failure!" were ridiculous, but what is the answer for why small to mid size urban areas are failing? Maybe nobody knows for sure but the story had interesting suggestions.

quote:

The American South spent much of the past century trying to overcome its position as the country’s poorest and least-developed region, with considerable success: By the 2009 recession it had nearly caught up economically with its northern and western neighbors. That trend has now reversed. Since 2009, the South’s convergence has turned to divergence, as the region recorded the country’s slowest growth in output and wages, the lowest labor-force participation rate and the highest unemployment rate.

Behind the reversal: The policies that drove the region’s catch-up—relatively low taxes and low wages that attracted factories and blue-collar jobs—have proven inadequate in an expanding economy where the forces of globalization favor cities with concentrations of capital and educated workers.

“Those policies worked before, then they became fundamental constraints on the [South’s] long-term growth,” said Richard Florida, an urbanization expert at the University of Toronto.


simonizer
LSU Fan
no
Member since Oct 2008
1228 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
Richard Florida, an urbanization expert at the University of Toronto.

stopped right there


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
15258 posts
 Online 

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
Texas and Florida have some of the more rapidly expanding economies in the country. California has lost tons of companies to more pro business states, particularly Texas.


Brosef Stalin
LSU Fan
Member since Dec 2011
29866 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
Louisiana, Mississippi, and Arkansas will always be poor. Texas and Alabama are booming right now.


deeprig9
Georgia Fan
Member since Sep 2012
34229 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
This is fundamental Word Salad. I read this shite over the weekend.

They are saying low taxes and low wages brought in alot of business, they say it worked, but then stalled (not true), so now we should raise taxes and wages, to restart economic growth because globalization.

OK! Thanks for your advice! Thanks for looking out for us! We'll take the matter under advisement!


Replies (0)
Replies (0)
724
HailHailtoMichigan!
LSU Fan
Trabuco Canyon, CA
Member since Mar 2012
53181 posts
 Online 

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
I call BS on this article.

states like texas, florida, Tennessee, and North Carolina are among the fastest growing states in nation with expanding economies.


Walking the Earth
Member since Feb 2013
15701 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
quote:

Texas and Florida have some of the more rapidly expanding economies in the country


In fairness, the article has adopted the OT ruling that Texas and Florida do not count as part of "the South"



fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
15258 posts
 Online 

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
quote:

the article has adopted the OT ruling that Texas and Florida do not count as part of "the South"

Tennessee? It kind of loses credibility to me when they selectively choose what's the South.

Florida absolutely is despite much of it not having the same characteristics. Texas is huge so a different animal. East Texas is definitely southern though.


JPinLondon
LSU Fan
not in London
Member since Nov 2006
4165 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
quote:

I thought suggestions in the thread like "omg once you start electing Democrats it's sure failure!" were ridiculous

I read the article and I will comment soon. But yea, Democrats fricking suck. Especially Democrat-run city councils led by Democrat mayors.

In order for my Harahan-based, 1955-founded company to sell our rescue device to Los Angeles Fire Dept., I had to spend a day and a half filling out documents proving we never OWNED SLAVES!!

Democrats can suck my dick.


This post was edited on 6/10 at 10:55 pm


CamdenTiger
Member since Aug 2009
42222 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
Is it the no state taxes in Florida/Texas, or the education in those States?


Replies (0)
Replies (0)
140
BhamDore
Vanderbilt Fan
Nashville
Member since Aug 2009
4668 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
Texas and Florida are filled with educated transplants. Atlanta and Nashville are also filled with educated transplants. The rest of the Deep South states are lagging behind big time. Lack of commitment to education and draconian conservative policies at the state level will always keep the Southern states at the bottom.

Cities and states with elite Universities that produce an attractive talent pool are always going to get the jobs.


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
15258 posts
 Online 

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
quote:

Lack of commitment to education

Louisiana spends mid 20s per pupil and has 46th ranked schools. Do you think we'd do any better if we spent more?


Walking the Earth
Member since Feb 2013
15701 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
I'm having a hard time copy and pasting for some reason but the article doesn't include Texas and Florida except for a part in parenthesis that says the numbers are still lower but not as bad if you include both states (and Maryland and Delaware)


Replies (0)
Replies (0)
30
Pelican fan99
New York Yankees Fan
Lafayette, Louisiana
Member since Jun 2013
15208 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
quote:

Texas and Florida
neither are the south


Replies (0)
Replies (0)
534
Duke
USA Fan
Gonzales, La
Member since Jan 2008
27816 posts
 Online 

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
quote:

the article has adopted the OT ruling that Texas and Florida do not count as part of "the South


Is true. It's not like the panhandle is booming outside of tourist season and that's the only southern part. Most of the Texas story isn't super relevant.

I'm going to actually read the article in a minute but I presume when all the surrounding states have the business friendly tax structures and regs, the ones with the better education and infrastructure end up getting all of the businesses.

Nashville, Atlanta, Birmingham, Huntsville. Charlotte.

There comes a point there needs to be infrastructure spending and education spending or you're not going to keep companies around because families won't want to move there.


Replies (0)
Replies (0)
180
Pelican fan99
New York Yankees Fan
Lafayette, Louisiana
Member since Jun 2013
15208 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
quote:

Louisiana spends mid 20s per pupil and has 46th ranked schools. Do you think we'd do any better if we spent more?



we could be number 1 and we still would have god awful schools. Sometimes money isn’t the problem


WeeWee
USA Fan
Member since Aug 2012
28251 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
quote:

“Those policies worked before, then they became fundamental constraints on the [South’s] long-term growth,” said Richard Florida, an urbanization expert at the University of Toronto.



I went to school with some people from Canada and one of my best friends is Canadian. They are good people, but they know nothing about America especially the American south. Taking advice on America from a Canadian is like asking a penguin for advice to survive in the Sahara.


Sao
SMU Fan
University Park, TX
Member since Jun 2009
40522 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
You're not understanding what the OP even referenced relative to the article. Maybe not understanding the article much as well. If you're inclined to believe a state's economy is booming, you need to ask yourself where it's thriving. Is it small town Tennessee, Texas, Florida, Georgia and Kentucky? No. Not at all. Sooo...

Nashville, AR will never be Nashville, TN and so on and so on.


wadewilson
LSU Fan
Biloxi
Member since Sep 2009
22442 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
quote:


In order for my Harahan-based, 1955-founded company to sell our rescue device to Los Angeles Fire Dept., I had to spend a day and a half filling out documents proving we never OWNED SLAVES!! 



No way.


TxTiger82
Wisconsin Fan
Member since Sep 2004
31646 posts

re: WSJ: 'The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’'
The true economic divide in this country is between livable cities with educated workforces and cities that have failed to adapt. Southern cities like Houston, Atlanta, Charlotte, Nashville, Birmingham, and Jacksonville have strong economies that are getting stronger.

**Washington D.C. should probably also count as "Southern," but I'm guessing the article doesn't include it.
This post was edited on 6/10 at 11:02 pm


Replies (0)
Replies (0)
162
first pageprev pagePage 1 of 5next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram