Journal9 - workers cannot be compelled to join a union....

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Daniel Yoon K21 Professor Reaves Intro to Business 11/30/10 Where the New Jobs Are In Texas, not California. URL: http://online.wsj.com/article/SB10001424052702303467004575574322146119944.html? KEYWORDS=employment+statistics New York and New Jersey have been slouching toward slow-growth European status. New Jersey is at least working to get its spending and taxes under control with Chris Christie as Governor, though its state and local tax burden remains the nation's highest and its business tax climate is the worst, according to the Tax Foundation. The migration of factories, capital and jobs to states like Texas is no accident. Texas is a right to work state, meaning that
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Unformatted text preview: workers cannot be compelled to join a union. Texas also has no income tax, which gives its firms a roughly 10% cost advantage over a "progressive" state like California. There is also a lesson here for Washington. The job-free zones of California, New Jersey and New York each tax the rich more than nearly all other states. In these states the top 1% wealthiest taxpayers bear roughly 40% of the state income tax burden, but their budgets are still a mess and the job losses continue. If the next crop of Governors and the 112th Congress want faster growth and more job creation, they'll avoid the mistakes of California and New York and learn from Texas....
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This note was uploaded on 01/31/2012 for the course EXPOSITORY 101 taught by Professor Mr during the Spring '06 term at Rutgers.

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Journal9 - workers cannot be compelled to join a union....

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