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Originally Posted by RIJIMMY
we're talking about business development not oil production. We dont pay much less than you for a gallon of gas. Once again, every thing I read may be wrong - low tax and business friendly climate is driving growth in these states.
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Think about the impact of oil exploration and the supply chain. Texas has most of the equipment providers and EPC (engineer/procure/construct) companies headquartered there...and they're cranking due to the energy situation.
Granted, there's other industry as well...but for a lot of other reasons.
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Spence did you read this link, its brief.
http://pubpages.unh.edu/~rgittell/do...oungAdults.pdf
Do you know how catastrophic the implications are for New England? You're losing your growth population. Couple that with an aging population, slow growth, high taxes. The workforce of 25-35 yr olds pay high taxes, buy houses, have babies. They drive economic growth!
As someone who plans business for a living, we look closely at this data. are you going to grow your company where there is an abundant workforce or a declining workforce? The answer is obvious. Are you going to tell me people are moving to the southwest because of OIL? really?
Couple the analysis in the link with my own experience - - my 2 best friends in Highs School (from CT), smart, educated guys - live in Arizona and Tennesse. Of my 6 best friends from college all from RI and CT, not ONE lives in new england. Florida, CA and Georgia
2 families in my old neighborhood, couldnt find jobs here, educated and experienced - just moved to Ohio with good jobs within the last month. My secretary - lived in a rented Revere apt, made the move to TX in the last month. For 170K bought a 2010 - 4 bedroom 3600 sq ft house with large inground pool in a great neighborhood. Loves the shops, restaurnats and activities nearby. Tell me where a secretary in NE can buy a 4 bedroom house?
The data is there. You may think its cyclical, I think its a major population shift driven by good economic climates in areas with nice weather, good jobs, great infrastructures
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I think I've stated in several posts that companies will move where the talent it, this is their most valuable asset.
But is the shift of talent being driven by local policies? I don't think there's data that really suggests this.
-spence