The South rises again

Discussion in 'Politics' started by gwb-trading, Jul 10, 2023.

  1. gwb-trading

    gwb-trading

    Economically, at least.

    America's economy rapidly shifts south
    https://www.axios.com/2023/07/05/america-new-economic-hotspots-south

    It's not just about the coasts and the bubbles anymore: Six fast-growing states in the South now add more to the national GDP than the Northeast, the perennial powerhouse, Bloomberg reports.

    Why it matters: Americans are spreading out, physically and economically.
    • Those six states — Florida, Texas, Georgia, the Carolinas and Tennessee — are in the middle of a "$100 billion wealth migration" as the U.S. economic center of gravity tilts south, Bloomberg notes.
    • The switch happened during peak COVID. There's no sign it'll reverse.
    By the numbers: A flood of transplants helped steer about $100 billion in new income to the Southeast in 2020 and 2021 alone, while the Northeast bled out about $60 billion, Bloomberg writes from IRS data.

    The Census Bureau said in May that nine of the nation's 15 fastest-growing cities were in the South.
    • Of the nine fastest-growing cities in the South, six were in Texas.
    The bottom line: For years, the U.S. population has been trending south and southwest. Now money and economic activity are following.

    (Article has diagrams and additional info)
     
  2. There's a boom in the construction of manufacturing plants going on in these red states. It'll be interesting to see how purple they become over the next decade, all thanks to Joe Biden!

    If these are tech plants then the southern mantra "You don't need science when you have Jesus!" will shirley* be tested.


    * included for extra Seriousness
     
    Last edited: Jul 10, 2023
    mervyn likes this.
  3. mervyn

    mervyn

    Agree, spent lot of time in Florida, lot of contruction boom, but moneies are from the north, just like after civial war. the demography will change overtime.
     
    Last edited: Jul 10, 2023
  4. gwb-trading

    gwb-trading

    Let the carpetbagging commence...