California economy lags, but not Nebraska

Let’s look at the October job numbers in an even larger context, that of political orientation.

Eight of the 10 states with the lowest unemployment rates in October, including Nebraska, voted Republican in the 2020 presidential contest between Donald Trump and Joe Biden. The only exceptions were Vermont and New Hampshire.

Conversely, nine of the 10 of the states with the highest jobless rates, including California and Nevada, voted Democratic. The only exception was Alaska.

It could just be coincidence, of course, but maybe those red states with low unemployment rates have regulatory and tax policies that encourage job-creating investment and maybe California and the other blue states with high jobless rates are perceived as being hostile to business. Certainly they tend to be states with relatively high tax burdens — not only California, but New York, New Jersey and Connecticut.

If nothing else, this exercise in numerology is a reminder that California, for all its Hollywood glitz and its Silicon Valley flash, is a state with a fundamental socioeconomic problem...









read more: https://calmatters.org/commentary/2021/12/california-economy-unemployment-lags-nebraska-comeback/







This news is not a surprise to a Californian like me. We lag every state in the nation with our unemployment rate. It seems that the Trump economic rally that benefited Heartland flyover America so much along with the rest of the nation is still going strong in the heartland but not in blue states.

 

Between taxes, regulations, business friendliness, and responses to covid reopening, masks, and mandates, red states are destroying blue ones in economic growth and low unemployment.

 

Democrats suppress the economy yet give tax cuts to blue state elites.

 

Nebraska's economy could fit inside a Los Angeles Wal-Mart...

 

That’s ridiculous. Nebraska’s economy per capita makes Los Angeles look pathetic by comparison. Nebraska is a very nice place to live.

 

Unemployment rate isn't a proper measurement of economic development. If it were, then Cambodia and Niger would be considered the most developed economies in the world, as they are the countries with the lowest unemployment rate