Posts Tagged ‘jobs’

State

Opinion: Malloy Still Doesn’t Get It

Or should I say he gets it….WRONG! Another example of how the three states in the tri state area are dealing with budgets that separates Connecticut from New York and New Jersey, is the announcement made yesterday by New York Governor Andrew Cuomo ,that Waterbury based AmkaiSolutions, a healthcare software company is relocating out of Connecticut to Armonk in Westchester County creating 103 jobs.

“I commend AmkaiSolutions for their investment in New York and for joining a growing community of high-tech industries in the Hudson Valley. I look forward to their further prosperity and expansion”, Cuomo said.

The major difference between what the governors of New York and New Jersey are doing and Malloy is focusing on the weak spot of the economy-jobs, jobs, jobs! Cuomo and Christie see the wisdom in laying the groundwork for the basis of much needed revenue to close their respective budget gaps. Malloy however is taking the road of more and higher taxes as the way to deal with the budget shortfall, further tapping an already exhausted tax base of individuals and businesses. Whoever  thought  a company would relocate of all places to New York with a governor named Cuomo?

Until the governor and State Legislature start adopting a more business friendly atmosphere, I’m afraid we can expect more of Connecticuts business resources to relocate out of state. New Jersey Governor Chris Christie on record of being critical of Malloys tax and spend budget, said he’ll be waiting at the border for Connecticut jobs. His only problem will be stopping Governor Cuomo from getting them first.

National

These Are The Scariest Employment Statistics

Despite todays unemployment figures which showed the unemployment rate drop to 8.8%, an article in todays Wall Street Journal by Stephen Moore, shows some startling statistics about employment, and it’s not about the unemployed, but those who are employed. It’s a sobering revelation of where the country has been heading over the last few decades, and where it will continue to head.  From The WSJ:

 

If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.

It gets worse. More Americans…more

State

Commentary: Jobs,Jobs,Jobs

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The State of Connecticut ranks 48th in terms of square miles (5,544) in the nation, but despite its size it was once a powerhouse of productivity. Cities like Bridgeport, Waterbury, and New Haven were manufacturing hubs of epic proportions. A good portion of the state was littered with farms, and the defense industry played a big part in maintaining and supplying our military. If you lost your job at one of the factories you simply walked across the street and got another one by lunchtime.

Somewhere in the late 60’s early 70’s the landscape of business began to change. Manufacturing left to relocate down South or out of the country, rapid building growth squeezed out farms as they became developments, and the cutback and consolidation of military installations impacted our defense plants. These jobs that were gradually lost were never coming back as we entered the world of high technology and biotech.

So the question to me was always…Where’s Plan B? Certainly after 35-40 years of decline, someone in Hartford must have addressed the situation and the need to replace those jobs. Apparently not. Oh we’ve had pockets of replacements, the migration of corporate headquarters to Lower Fairfield County, casinos in the Eastern part of the state, but where is the investment of new industry in Connecticut?

The candidates running for Governor will need to focus on one issue to get the state back on track: jobs, jobs, jobs! The new Governor will have to convince the legislature to reform and change the anti business climate that exists in the state including taxes, regulations, insurance and energy costs. If the next Governor can achieve that, then all of the other issues facing Connecticut will fall in line.


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