A little Surprise

[spence]

Originally Posted by zimmy

My brother moved to Rochester NY area less than two years ago when he got married. High school education, fair amount of experience in food manufacturing. Immediately got a job at north american brewing. Recently took a different job in commercial food production plant. Says there are tons of jobs in those fields.
Circumstantial evidence is great stuff isn't it?

Rochester is finally recovering from the damage inflicted by Kodak and Xerox both suffering dramatic downsizing. Their housing market is expected to be a top performer the next few years. I've been working with a number of high-tech companies in upstate NY, many are doing quite well.

A big problem with the unemployment situation is people who don't (or can't) retrain or relocate to find employment.

Right now we have a domestic workforce misaligned with the needs of global industry.

-spence

[scottw]

Originally Posted by spence

Rochester is finally recovering from the damage inflicted by Kodak and Xerox both suffering dramatic downsizing. Their housing market is expected to be a top performer the next few years. I've been working with a number of high-tech companies in upstate NY, many are doing quite well.

A big problem with the unemployment situation is people who don't (or can't) retrain or relocate to find employment.

Right now we have a domestic workforce misaligned with the needs of global industry.

-spence

huh???
Report: N.Y. shows some economic gains, but recovery stallingBinghamton, Ithaca have lost 1,700 jobs combined

Feb. 2, 2012 |

Rochester, New York City and the Glens Falls areas did better than the state average, with Rochester recovering 98.1 percent of the jobs it lost. The report attributed Rochester's economic success to gains in professional and business services, but it warned that the recent bankruptcy of Eastman Kodak "could result in the loss of thousands of jobs."

While those numbers were generally positive, the average salaries of the jobs created in the past two years is more than 40 percent lower than the average salaries of the jobs lost during the recession.


Other findings
New York also has had the stigma of being unfriendly to business. The Tax Foundation, based in Washington D.C., last week named New York as having the 49th worst business climate in the nation -- ahead only of New Jersey.

"The combination of high property taxes, high income taxes, high corporate-income taxes and high sales taxes all create a toxic climate for attracting businesses and people in the state and keeping businesses and people in the state," said Scott Hodge, the group's president.

the governor apparently realizes this...

2/27 "the taxpayers are broke," said Cuomo. "And we can't keep raising taxes because we will continue to see businesses leave the state."

[spence]

Originally Posted by scottw

huh???
Report: N.Y. shows some economic gains, but recovery stallingBinghamton, Ithaca have lost 1,700 jobs combined

Feb. 2, 2012 |

Rochester, New York City and the Glens Falls areas did better than the state average, with Rochester recovering 98.1 percent of the jobs it lost. The report attributed Rochester's economic success to gains in professional and business services, but it warned that the recent bankruptcy of Eastman Kodak "could result in the loss of thousands of jobs."

While those numbers were generally positive, the average salaries of the jobs created in the past two years is more than 40 percent lower than the average salaries of the jobs lost during the recession.


Other findings
New York also has had the stigma of being unfriendly to business. The Tax Foundation, based in Washington D.C., last week named New York as having the 49th worst business climate in the nation -- ahead only of New Jersey.

"The combination of high property taxes, high income taxes, high corporate-income taxes and high sales taxes all create a toxic climate for attracting businesses and people in the state and keeping businesses and people in the state," said Scott Hodge, the group's president.

the governor apparently realizes this...

2/27 "the taxpayers are broke," said Cuomo. "And we can't keep raising taxes because we will continue to see businesses leave the state."

You didn't even read this did you?

-spence

[scottw]

Originally Posted by spence

You didn't even read this did you?

-spence

all of it

two years of job creation of jobs with salaries more than 40% lower on average than the jobs lost in a state with "high property taxes, high income taxes, high corporate-income taxes and high sales taxes all create a toxic climate for attracting businesses and people in the state and keeping businesses and people in the state"...and a pending pension nightmare

perfect formula for more people dependent on various government programs

[spence]

Originally Posted by scottw

all of it

two years of job creation of jobs with salaries more than 40% lower on average than the jobs lost in a state with "high property taxes, high income taxes, high corporate-income taxes and high sales taxes all create a toxic climate for attracting businesses and people in the state and keeping businesses and people in the state"...and a pending pension nightmare

perfect formula for more people dependent on various government programs

Just curious because it really had nothing to do with my remark other than validating Rochester is seeing a bit of a revival.

Unless you were just trying to be negative, which we've sort of come to expect so I guess it shouldn't be a surprise.

-spence

[scottw]

Originally Posted by spence

Just curious because it really had nothing to do with my remark other than validating Rochester is seeing a bit of a revival.

Unless you were just trying to be negative, which we've sort of come to expect so I guess it shouldn't be a surprise.

-spence

just reminded me of Biden declaring "recovery summer " two summers ago

[spence]

Originally Posted by scottw

just reminded me of Biden declaring "recovery summer " two summers ago

Are you saying things are not a lot better than they were 18 months ago?

-spence