The boomers and growth are headed to the west (Phoenix: 2013, incomes)

[autism360]

The boomers and growth are headed to the west and warm climate states

Interesting to note almost all of the states that are predicted to lead the pack have mild climates with the exception of North Dakota which is booming because of oil shale jobs,

It is curious California did not make the list

Jobs brings business which is good for the housing market as well.

1 AZ
2 TX
3 CO
4 ND
5 FL
6 NV
7 UT
8 GA
9 ID
10 OR




"As part of Forbes’ annual Best States for Business, we look at 35 factors to determine the best and worst states, including projected employment. Arizona is expected to have the fastest job growth at 3% annually over the next five years, according to Moody’s Analytics. The job gains are projected to boost household incomes 3.6% annually through 2017, which ranks second best in the U.S. after Illinois. The added jobs also go hand-in-hand with the state’s economic growth, which Moody’s forecasts to expand at a U.S.-best 4.6% annually. In addition to a large, educated workforce to choose from, companies are also attracted to Arizona’s pro-business regulatory climate, which ranks No. 13 in the Mercatus Center’s Freedom in the 50 States. The study cites Arizona’s right-to-work law, liability laws and eminent domain reform. "


Arizona, Texas Head List Of Best States For Expected Job Growth - Forbes

[Burning Madolf]

Yet another "best" article. You know what that means for your taxes.

[smilinpretty]

Wow, the fastest growing states years ago was Nevada and Arizona. Now Nevada is number 6. Very interesting. I wish some of those jobs came to Prescott.

[pokuku]

Arizona and Nevada, specifically, never really joined in the national economic recovery thats been happening until recently. Way behind the curve. So, now this means they're finally catching up.

[corydon]

Sure would like to read Moody's future reports from the early 2000.......
Nobody can look in the future. But AZ, or maricopa county, is getting midghty crowded......

[contiempo]

The boomers are going to be retiring and dying in Arizona. Not exactly a good long-term economic growth plan. Maybe half of the states on that list have tangible industries that may drive future economic growth.

[PoppySead]

Originally Posted by contiempo

The boomers are going to be retiring and dying in Arizona. Not exactly a good long-term economic growth plan. Maybe half of the states on that list have tangible industries that may drive future economic growth.

It's why PHX was developed actually. We base our lively hood on accommodating old farts and serving them food and drink, plus giving them cheap end of life housing and golf. I don't think our vision has changed much over the years. We invite people to retire here, and try to make it a good experience for them. The boomers are aging and PHX will open it's arms wide for them. That's what we do. Most of our jobs are based on service of some kind.

Healthcare, Big Box stores and Golf, all hiring. We take care of a lot of elderly.

[shiphead]

Originally Posted by contiempo

The boomers are going to be retiring and dying in Arizona. Not exactly a good long-term economic growth plan. Maybe half of the states on that list have tangible industries that may drive future economic growth.

It's actually a global problem. Most of the northern hemisphere countries are producing less babies then elderly coming of age. Once everyone retires, we will all be in trouble, not just Arizona, or the United States, but the world in general.

World not ready for rapidly aging population, UN report warns (Toronto Star)

Global Study: World Not Ready for Aging Population(Associated Press)

The fact these people want to come here is good for our growth. It will be then up to our leaders and people to come up with a plan 50 years after that. I was going to make a huge post, but I think it would be better to just blog about it.

[Valley Native]

Originally Posted by PoppySead

It's why PHX was developed actually. We base our lively hood on accommodating old farts and serving them food and drink, plus giving them cheap end of life housing and golf. I don't think our vision has changed much over the years. We invite people to retire here, and try to make it a good experience for them. The boomers are aging and PHX will open it's arms wide for them. That's what we do. Most of our jobs are based on service of some kind.

Healthcare, Big Box stores and Golf, all hiring. We take care of a lot of elderly.

And this approach needs to change. With Phoenix being one of the larger metro areas in the nation, and Arizona now being a fairly populated state, the demand for more jobs (besides just in the service industry) is increasing. When these retirees & elderly people are no longer around, there will be the need for younger people to replace them ... which is the normal life cycle. Continuing to focus on "old farts" as the primary economic indicator demonstrates a LACK of vision. I'm not saying older people aren't important, but diversifying the economy is what's needed ... otherwise, Arizona will begin to see a downward trend in the long term growth rate, which definitely won't be good for the economy!

[corydon]

But might be good for AZ.......

There is a decent amount of industry in AZ. It is just so far away from the rest of the country, and with transportation getting nore expensive, there won't be any change.