The cracks are starting to show
In Jersey, the growing is slowing
New Jersey's continuing population slowdown is prompting some economists to warn it could be a symptom of serious economic illness in the nation's wealthiest state. The relavent quote in the artle comes from Jim Hughes, from Rutgers.
It may well be an early warning signal," said Hughes, dean of the university's Bloustein School of Planning and Public Policy. "There is evidence that the cost of living has become excessive and income levels don't fully compensate for that."
In a November report entitled "Economy at Risk," Hughes and Seneca noted that the state has been losing high-paying jobs for several years in important sectors like pharmaceuticals, telecommunications and computers.
People are leaving. The current financial situation is only going to accelerate the issue leaving Jersey as a state full of tax recievers and no one to be the tax payer.
1 Comments:
Sometimes it seems as if there are only about a dozen people in New Jersey who see what's happening.
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