nsacpi
Expects Yuge Games
California and Florida are interesting to consider. The combination of covid and ripening of technology permitting remote work was very favorable for low cost states (like Florida) and very unfavorable for high cost states like California and New York.
Low cost states patted themselves on the back thinking this reflected good policy. Well it turns out that it was more like a one-time shock that is now producing a boomerang effect. Florida is also going through some self-inflicted choices. One of them interestingly enought has to do with chasing away undocumented immigrants, which turns out to be a bad thang (shocking I know!) for job growth for native-born workers. The naive view is that such workers compete with and take away jobs from 'mericans. It turns out they are highly complementary to 'merican workers and their absence is being keenly felt in places they have left in large numbers, including Florida.
Low cost states patted themselves on the back thinking this reflected good policy. Well it turns out that it was more like a one-time shock that is now producing a boomerang effect. Florida is also going through some self-inflicted choices. One of them interestingly enought has to do with chasing away undocumented immigrants, which turns out to be a bad thang (shocking I know!) for job growth for native-born workers. The naive view is that such workers compete with and take away jobs from 'mericans. It turns out they are highly complementary to 'merican workers and their absence is being keenly felt in places they have left in large numbers, including Florida.
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