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Old 04-20-2016, 08:42 AM
 
11,172 posts, read 22,375,148 times
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One issue for Chicago is the fact that the rest of the state is doing quite terrible.

Since the last recovery started in 2010 the change in jobs has been:

Chicago: +327,299
Rest of Illinois: -32,961

I think Chicago's current economic health is masking just how HORRIBLE the rest of the state is. It's a pretty severe drag.

Responding to the last few posts, Michigan is the opposite, where at least Detroit's current gains are mirrored by the fact the rest of Michigan is also doing quite well. They're pulling in the same direction.

Since the last recovery started in 2010 the change in jobs has been:

Detroit: 161,492
Rest of Michigan: +277,398
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Old 04-20-2016, 09:13 AM
 
Location: Maryland
4,261 posts, read 5,480,306 times
Reputation: 4594
Quote:
Originally Posted by Chicago60614 View Post
One issue for Chicago is the fact that the rest of the state is doing quite terrible.

Since the last recovery started in 2010 the change in jobs has been:

Chicago: +327,299
Rest of Illinois: -32,961

I think Chicago's current economic health is masking just how HORRIBLE the rest of the state is. It's a pretty severe drag.
Of course one could easily argue that many of the rules, regulations, and taxes that affect most of Chicago are applied statewide, and no one is going to pay those kinds of taxes to live in Peoria and only get the benefits of living in Peoria (nor would they do it if it were Des Moines or Fort Wayne or wherever). Then you also have the facts that the lion's share of the state legislature is dominated by Chicago or Chicago-area politicians who are only concerned about that economics and benefits of that region, plus a Chicago-area governor who currently has the state budget in a holding pattern, and it's no wonder the rest of the state is having a hard time recovering. There's no statewide cooperation, thanks in large part to Chicago-area politicians who have no idea where or how the other ~4 million people in the state live.

One silver lining is that Bloomington-Normal and Champaign-Urbana are continuing to do well and grow economically thanks to some corporate and university presences. Springfield should be doing better than it is, but then so many of the jobs that ought to be located in Springfield are actually in the Chicago-area, commanding a higher salary, higher office rent, and ultimately higher cost to the taxpayer.

Last edited by Maintainschaos; 04-20-2016 at 09:23 AM..
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Old 04-22-2016, 08:32 PM
 
Location: Madison, WI
74 posts, read 103,102 times
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Quote:
Originally Posted by mr roboto View Post

I just couldn't see us hitching our families long term future to a state that's failing.
This right here. I'm 35, married with a 4-month old. We moved to Chicago 2 years ago from DC. I love this city. It is a fun place to live...but now thinking about putting down roots as a family the things we are looking for extend far beyond fun, and we are strongly considering leaving.

The main thing keeping us here is the career opportunity for both of us, and we want to stay in the Midwest to be near family. We're more interested in leaving the region than retreating to the suburbs. Our ideal move is Madison, Wi (where my wife is from). Not yet sure what we'll do, but the appeal of buying a home in Chicago is waning.
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Old 04-23-2016, 11:03 AM
 
Location: Reno, NV
1,546 posts, read 710,668 times
Reputation: 1988
IIRC, Chicago's vibrance is rapidly getting more polarized. Areas on the South and West sides are continuing to vomit population and skyrocket in crime, but the population gains and economic prospects of the Loop/near-Loop and northeast side are better than ever.
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