Topic: Business Climate
News
June 20, 2017

Decades of blue model governance have left Illinois with powerful public sector unions, a legislature subservient to them, and an intractable public pension problem. Politico recently labeled Illinois America’s first “failed state,” as feuding between the Democratic legislature and the Republican governor over how to handle the state’s cascading fiscal crisis brings governance to a standstill.

News
June 16, 2017

Overzealous political promises notwithstanding, Wisconsin’s job growth over the past six years has been extraordinarily strong. In fact, job growth has slowed recently only because Wisconsin essentially has run out people who are unemployed due to broad economic factors. In other words, one cannot reduce a jobs deficit that no longer exists.

News
June 15, 2017

Around 100 truck drivers and warehouse workers serving the Los Angeles and Long Beach ports plan to launch a strike starting Monday — their 15th strike in the last four years.

The workers and Teamsters union Local 848 announced the labor action Thursday. The truck drivers have been pushing for years to become employees rather than independent contractors to improve pay and workplace protections.

News
June 13, 2017

California will increase jobs and incomes more slowly than expected this year, mainly because President Trump’s big spending plans don’t seem to be coming to fruition yet. That’s the upshot of the latest forecast from economists at UCLA, released Tuesday, that predicts employment in California will increase by a modest 1.4% and personal income will grow by 3.1% this year. Earlier projections were more optimistic.

News
June 12, 2017

A diaspora of tech talent, driven by Silicon Valley's tumbling job market and sky-high rents, has pushed tech job seekers to some surprising places.

Job search site ZipRecruiter recently analyzed its database of more than 8 million active jobs, and ranked the 20 fastest-growing tech markets based on year-over-year data. Job growth for engineering, software, and IT roles may be losing steam in the Bay Area, but smaller cities are picking up the slack, the company says,

. . . Many of the cities on ZipRecruiter's list are in the Midwest — Kansas City, Kan., Cincinnati, Ohio, and Indianapolis, Ind. are three standouts. The South also had a strong showing, with Nashville, Tenn. and three cities in Florida (Orlando, Jacksonville, Tampa) all making the cut.

Barrera credits government policies, like tax breaks that attract entrepreneurs and business startups for much of this growth. But the main impetus, she says, is the skyrocketing cost of living in coastal tech hubs like San Francisco and New York.

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