Economists told the Daily Caller News Foundation that red states are in better shape than blue states post-pandemic due to the influx of new businesses and the growing number of remote workers from other parts of the country.
GOP-led states have added 341,000 jobs and have grown their economies since the start of the COVID-19 pandemic, while blue states remain short of 1.3 million jobs, according to The Wall Street Journal cited statistics from the Brookings Institution. Economists told the Daily Caller News Foundation that the influx of interstate immigrants exacerbated disparities in economic growth and benefited red states as U.S. workers, as well as major U.S. businesses, were driven by a lower cost of living, a pleasant business environment and even some societies. attracted by the policy.
This is data in graphical form.
Thankfully, we’ve been recovering most of the jobs lost due to COVID lockdowns and more. The US is almost back to where it was in February 2020. The chart also shows the three most populous states.
Two of them have fully recovered and grown, while the other is behind America. pic.twitter.com/Bfb5ULkvER
— Soquel by the Creek (@SoquelCreek) July 28, 2022
“People move with their feet, and many are attracted by fewer taxes, regulations and government intervention in everyday life. These things matter to people,” VAnse Gene, chief economist at the Texas Public Policy Foundation, told the Daily Caller News Foundation.
According to the Wall Street Journal, the growing importance of remote work has enhanced the process of moving with your feet, allowing people to decide where to live based on “financial and lifestyle reasons” rather than being constrained by corporate headquarters location.
Red states are also doing better because their lower tax rates are attractive to workers, according to the Wall Street Journal. According to the Wall Street Journal, the top 10 states with the highest incomes for new residents in 2021 will have an average top income tax rate of 3.8%, and four of those states have no income tax at all. The 10 states that lost the most residents had an average tax rate of 8.0%.
Top 10 U.S. Inbound vs. Top 10 Outbound States in 2021: How Do They Compare in Various Economic, Tax, Business Climate, and Political Measures? https://t.co/CZqJkEzMSN pass @AEI Americans are moving and #VotingWithTheirFeet
— Mark J. Perry (@Mark_J_Perry) December 29, 2021
Business owners seeking a more favorable business environment may also drive immigration dynamics, according to American Enterprise Institute. The AEI noted that the 20 states with the most new immigrants last year averaged 8 out of 50 states in the Forbes “Best States for Business” index, while the top 10 states for outbound immigrants averaged 8 out of 50 states. 33.
Noting that Texas has attracted 256 new corporate headquarters under Governor Greg Abbott, the governor’s spokesman told DCNF, “Businesses are relocating and investing in the Lone Star State at a record rate, Because we’ve built a framework that allows free enterprise to thrive and hardworking Texans to thrive.”
Finally, COVID-related restrictions, especially school closures, are also encouraging many to leave the Blue State, according to The Wall Street Journal. In-person educators in Florida are receiving inquiries and higher admissions requirements from parents “who are unhappy with children’s schools in other states shifting to remote learning,” according to the Wall Street Journal, while movers in a pandemic often flock to less restrictive places, According to a study Conducted by Vanderbilt University and Georgia Tech.
Alfredo Ortiz, president of the Job Creators Network, told reporters: “Due to lockdowns, high taxes, high crime rates from ‘no bail’ and many other bad policies, blue states are forcing job creators and their own citizens fled to red states.” DCNF.
In the twelve months from February 2021 to February 2022, 46 million people moved to different postcodes, according to New York Post.
The three states with the highest number of new immigrants are Florida, Texas and North Carolina, which voted for Donald Trump in both 2016 and 2020, while the three states with the highest number of immigrants are California, New York and Illinois, each with a Democratic-majority legislature and a Democratic governor, the New York Post added. (Related: DeSantis boom: Florida economy soars as state hits highest-ever budget surplus)
“Republican governors have put to work, cutting taxes, putting money directly back in the pockets of residents, and using innovative, pro-growth policies to keep their state’s economy thriving,” a spokesperson for the Republican Governors Association told DCNF.
The Democratic Governors Association did not respond to DCNF’s request for comment.
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