California, Illinois, New York: Three Worst States For Business

Discussion in 'Economy' started by bitterlyclingin, Sep 22, 2011.

  1. bitterlyclingin
    Offline

    bitterlyclingin Silver Member

    Joined:
    Aug 4, 2011
    Messages:
    3,076
    Thanks Received:
    415
    Trophy Points:
    98
    Ratings:
    +449
    (And what state, perchance, bequeathed Barack Hussein Obama to the people of the United States?)

    "By Ameet Sachdev

    Tribune reporter

    9:42 a.m. CDT, September 19, 2011
    Illinois ranked among the three worst states for business, according to a survey of U.S. corporate executives released Monday.

    Nearly one quarter of the survey's 322 respondents said Illinois had one of the least favorable business climates, according to Development Counsellors International, which specializes in economic development and tourism marketing.

    Taxes and high costs were among the factors that contributed to the state's poor showing in the survey. California was deemed to have the worst business climate, followed by New York and Illinois."


    Illinois among worst states to do business: Survey - chicagotribune.com
     
    • Thank You! Thank You! x 1
  2. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    And no doubt their defined "Best states" for business will be?

    Any State where the working classes have no expectations of making a decent living wage, any worker safety or right to collective bargaining, any that have or real pollution guidelines and the national leadership is easily bribed.




    .
     
  3. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,912
    Thanks Received:
    3,124
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,924
    What's good for business is good for the employee and the worker! When Uncle Sam takes money out of a business's pocket (via fees, taxes, regulations, compliance accounting, lengthening the sales process etc), worker bee heads roll!

    It's not an us vs the corps!!!
     
  4. Dragon
    Offline

    Dragon Senior Member

    Joined:
    Sep 16, 2011
    Messages:
    5,481
    Thanks Received:
    578
    Trophy Points:
    48
    Ratings:
    +579
    Let's see, just going by the Wikipedia articles on each state:

    "As of 2010, the gross state product (GSP) is about $1.9 trillion, the largest in the United States.[71] California is responsible for 13 percent of the United States' gross domestic product (GDP). As of 2006, California's GDP is larger than all but eight countries in the world (all but eleven countries by Purchasing Power Parity).

    "New York's gross state product in 2010 was $1.16 trillion, ranking third in size behind the larger states of California and Texas.[37] If New York were an independent nation, it would rank as the 16th largest economy in the world behind Turkey. Its 2007 per capita personal income was $46,364, placing it sixth in the nation behind Maryland, and eighth in the world behind Ireland.

    "The dollar gross state product for Illinois was estimated to be US$652 billion in 2010.[53] The state's 2010 per capita gross state product was estimated to be US$45,302,[53] and the state's per capita personal income was estimated to be US$41,411 in 2009."

    All of that doesn't seem too bad to me, for "the worst business climate in the country."
     
  5. Wicked Jester
    Offline

    Wicked Jester Libsmackin'chef

    Joined:
    Aug 4, 2009
    Messages:
    11,924
    Thanks Received:
    1,859
    Trophy Points:
    153
    Location:
    So. Cal, Malibu!
    Ratings:
    +1,859
    Liberal policies of over taxation and regulation, have taken the worlds 7 largest economy here in California, down to third world status in record time.

    It's disgusting.:evil:
     
  6. Dragon
    Offline

    Dragon Senior Member

    Joined:
    Sep 16, 2011
    Messages:
    5,481
    Thanks Received:
    578
    Trophy Points:
    48
    Ratings:
    +579
    False. Businesses lay off workers not when their taxes go up, but when their sales go down. It's all driven by the market for the goods or services they produce and sell. Conversely, businesses hire workers not when their taxes go down, but when their sales go up to the point they can't meet demand efficiently with existing staff.
     
  7. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,912
    Thanks Received:
    3,124
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,924
    CA, IL and NY have had great infrastructure in place. They used to be business friendly and the States to be in. That doesn't go away overnight. HOWEVER, bad policies errode the climate. I guarantee few new companies are looking to move to these three states!

     
  8. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,912
    Thanks Received:
    3,124
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,924
    FALSE, businesses layoff workers for a variety of reasons, but one reason is external condition that raise the bottomline and lower profits. Regulation and taxation does that!
     
  9. Dragon
    Offline

    Dragon Senior Member

    Joined:
    Sep 16, 2011
    Messages:
    5,481
    Thanks Received:
    578
    Trophy Points:
    48
    Ratings:
    +579
    No. There is only one reason for a company to lay off workers: because the workers are no longer needed. As long as the employee is producing goods that the company can sell at a profit, the job will continue to exist. If costs go up, but a market for the goods still exists, the company will find other ways to save money or may at worst raise prices. But as long as the work is needed to produce goods that can be sold, the job will continue to exist, because the work will still be needed.
     
  10. Wicked Jester
    Offline

    Wicked Jester Libsmackin'chef

    Joined:
    Aug 4, 2009
    Messages:
    11,924
    Thanks Received:
    1,859
    Trophy Points:
    153
    Location:
    So. Cal, Malibu!
    Ratings:
    +1,859
    LMAO!

    You don't know much about business, do you?

    When it comes down to the fact that there are no other ways to save money, that's when layoffs begin.

    I owned two restaurants. Twice I chose to lay off a couple of employees, instead of passing the costs on to my customer base in a very competetive business......Basically, myself and other employees had to pick up the slack. It's just the way it is.

    When states like California make it too expensive to do business through taxation and over regulation, that's when companies move to more business friendly environments, like Nevada, Texas, Arizona, Utah, etc.
     
    Last edited: Sep 22, 2011

Share This Page