The jobs, the jobs
Tom Moran has an excellent column in sunday's Ledger about the flight of quality jobs from New Jersey. New Jersey bloggers have been posting on this issues for the past year and pointing to the ever increasing level of state employees and taxes as the cause. Finally someone at the ledger, Tom Moran, starts getting the mesage out even though it's a puff piece on Corzine.
Gov. Jon Corzine summoned leading executives from the pharmaceutical indus try to a working dinner two weeks ago in the stately library at Drumthwacket, the governor's official residence.
The topic was the dangerous slide in New Jersey's economy.
The problem is that we are rapidly losing ground in the very in dustries that have made New Jersey one of the wealthiest states in the nation over the last generation -- pharmaceuticals, telecommuni cations and other high-tech sec tors.
But that's not all. While the private sector has been stagnant, the public sector has continued to grow, fed by ever-rising taxes. link
posted by RBM @ 6:44 PM
3 comments
3 Comments:
Meanwhile Union President Carla Katz is mobilizing her troops to "bombard key legislators with phone calls, pleading for support of Corzine's $30.9 billion spending plan." "The budget raises the state's contribution to the public pension system by over $1 billion and holds no layoffs."
The sorry state that NJ is in regarding job retention, especially in the industries that have been the anchors for our economic stability, is right on!
Research and Development and the retention of small startup technology based companies is not only lagging but rather accelerating. As companies with disruptive and "state of the art" technologies become viable and successful, they are leaving the state in droves! Why? Because of the "brain-dead" anti-business mentality that exists in the majority party here in the garden state. They would rather tax and spend then cut taxes and create a favorable business climate that would create thousands of high paying, high tech related jobs. Perhaps it is high time that Governor Corzine take a "leadership" position and take his party to the woodshed for a lesson in reality!
For what its worth!
Unfortunately if New Jersey leases or privatizes another state department how is economy going to grow in this state. Wouldn't people rather raise their families here in NJ instead of moving to another state.
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