THE FALACY OF PERRYNOMICS: TEXAS UNMIRACLE

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    Aug 18, 2011 12:12 AM GMT
    "What Texas shows is that a state offering cheap labor and, less important, weak regulation can attract jobs from other states. I believe that the appropriate response to this insight is “Well, duh.” The point is that arguing from this experience that depressing wages and dismantling regulation in America as a whole would create more jobs — which is, whatever Mr. Perry may say, what Perrynomics amounts to in practice — involves a fallacy of composition: every state can’t lure jobs away from every other state."

    http://www.nytimes.com/2011/08/15/opinion/the-texas-unmiracle.html?_r=1&ref=opinion
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    Aug 18, 2011 1:45 AM GMT
    texas_labor-2.png
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    Aug 18, 2011 2:08 AM GMT
    Ad hominem attacks from a new profile...interesting tactic.
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    Aug 18, 2011 2:18 AM GMT
    same sourceAs Paul Krugman put it, “several factors underlie [Texas'] rapid population growth: a high birth rate, immigration from Mexico, and inward migration of Americans from other states, who are attracted to Texas by its warm weather and low cost of living, low housing costs in particular.” But they have little to do with Perry’s policies.

    Now that certainly doesn’t make the situation in Michigan a good one, as contraction of the labor force is one side effect of the prolonged recession and unemployment there is still 10.6 percent. However if there is a real “miracle” here, it is North Dakota, which has seen over 27,000 new jobs and a labor force expansion of only 3,700, resulting in about 24,000 new jobs for workers who previously had none. But no one is proclaiming the “North Dakota miracle” and saying that Gov. Jack Dalrymple (R-ND) should be running for President.
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    Aug 18, 2011 2:04 PM GMT
    southbeach1500 said
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  • rnch

    Posts: 11525

    Aug 18, 2011 2:34 PM GMT
    awesome pics!



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    Aug 18, 2011 3:22 PM GMT
    rnch saidawesome pics!



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    Thanks icon_biggrin.gif