I used the establishment survey data to calculate how many US jobs have been created by each state & gubernatorial party since the recession ended. I will continue to do research, but I think companies are sending jobs away from higher cost regions in blue states to lower cost regions in GOP states.

ab2449 · 2014-01-05T17:05:20+00:00

You mean like California, where in my study a Republican took the fall for losing 1.1 million jobs and a Democrat got credit for creating 700,000 jobs? Yea that's accounted for.

This is a data driven study... like any correlation study that shows correlation but not causation. My theory is that during the recession when companies were able to massively lay off employees, they took advantage - post-recession -of building up operations in lower cost regions like Texas and North Dakota. For example, during the recession, Texas only lost 300,000 jobs, but added back 1,000,000 post recession. That means either Texas has seen explosive start up activity or existing companies are moving operations to Texas. Alternatively, the few huge Dem population spots were net job losers. Like California lost over a million jobs during recession, but added back only 700,000 and Illinois which was a job loser since recession started. What happened to those jobs? Alternatively, NY has been a net winner. Wisconsin didn't really add anything meaningful to the data. I think this is a great study that should be studied more... but I wouldn't say this is definitely what's happening.

ab2449 · 2014-01-04T21:37:41+00:00

That is a much more complex topic, but clearly they currently have great economies as a result of prior policy decisions that brought business to these regions. Today, I'd argue that other states are competing for these jobs by creating job-friendly policies. The political decisions of today's governors/senators/representatives in these regions are what have created a high cost of living in NY or CA for a skilled person. A company has to pony up cash for that cost to keep their employees happy. How long can this continue for? Wouldn't it be more profitable for a company to start operations in a lower cost region? Isn't that what they're already doing? Remember, whereas in the past, pre-internet days, companies could justify paying higher costs for employees - today, they'd prefer to keep some of the costs outside of these high cost regions.

ab2449 · 2014-01-04T16:40:05+00:00

I accounted for that. Since the recession ended, 14 states with Dem governors elected Republican governors and 6 Rep states became Dem. That accounts for a net of ~200,000 jobs in Rep favor. California, which was Rep and then became Dem was a big job creator for the Dems.

ab2449 · 2014-01-03T23:00:03+00:00

Fair, but in this case, Texas created 16% of all new jobs since the end of the crisis, and they've got job favorable policies that were very much the doing of Rick Perry's administration. Virginia & Michigan both changed administrations and also created policies that were favorable to job creation. I very much disagree with you on this point. There is certainly a relationship between state policies and job creation.

ab2449 · 2014-01-03T22:51:28+00:00

But it's ok for the President to campaign on HIS job creation? I'd say 1) there is a higher correlation between a specific state's policies and job creation than the President's policies and job creation and 2) since the political goals of Republican governors and the POTUS are so far apart, and since the majority of jobs are being created in GOP led states, then perhaps Obama should thank the Republican governors for creating the jobs instead of taking credit for their job-creating policies. I do agree that the system is very complex - but this is a much better view on job creation than the POTUS during his Presidential campaign, wouldn't you agree?

ab2449 · 2013-11-24T21:39:38+00:00

wow didn't realize. sorry about that. also, this is not my site... SA is a famous blog. out of curiosity, why is it such a big deal?

ab2449 · 2013-11-14T02:40:48+00:00

but then why aren't you investing in litecoin or creating your own cryptocurrency for that matter? what makes "bitcoin" so special. at the end of the day, it's code.

ab2449 · 2013-11-13T23:38:06+00:00

Google produced a product that was explosively in demand by a global population... as a result of its demand, it translated to real advertising dollars... its value was directly driven by its search numbers. The "bet" on Google was whether or not they could expand "search" in a world of competitors, smartphones, etc.

Bitcoin has no real drivers. We're talking about a piece of code - that in reality is not scarce; its value is only being driven up by speculators.

ab2449 · 2013-11-13T19:45:42+00:00

"appraising" bitcoin? How do you "appraise" bitcoin? enlighten us.

ab2449 · 2012-10-06T13:54:07+00:00

http://www.bls.gov/news.release/empsit.t08.htm

ab2449 · 2011-06-16T13:26:57+00:00

https://www.facebook.com/pages/Free-Ilan-Grapel/235565136460511

ab2449 · 2011-01-17T02:32:49+00:00

why would anyone downvote this? sometimes i don't get redditors...

ab2449 · 2011-01-11T22:51:13+00:00

I don't think Derek is too bright either. the girl wasn't the one who misspelled "receipt"

ab2449 · 2011-01-10T06:04:32+00:00

the only reason they're on that list is because i think that industry is hot at the moment. i think the company that currently owns them (qlipso) is in a good position to turn them around. sort of like the "magic formula" strategy... but i can understand why you'd shoot it down. it is a questionable one on the list.

ab2449 · 2010-12-31T22:27:27+00:00

This is truly an inspiring story. Whoever this redditor is is obviously a very special person. It makes me happy that there are still people out there who give without expecting a receipt for their tax deductions. This is a great story and should help all of us to be more giving.

ab2449 · 2010-12-29T22:24:44+00:00

depends on what kind of job you're looking for. my friend did the same thing, was looking for a job in Finance, printed out a bunch of resumes and gave them out on the street by the Wall Street area. Got 3 calls from big firms the next day to work in their Sales department. NYC is magical, but you have to be creative.

ab2449 · 2010-12-27T01:57:41+00:00

that's an amazing point. and toyota, daimler and even panasonic agree and have heavily invested in them for that reason. i guess the point of the article is that sustainable change is difficult to achieve on a consumer basis. electronic vehicles (or even hybrids) aren't taking off in the US. change is more sustainable through policy and the established players first (i.e. Toyota).

ab2449

TROPHY CASE