[JayCT]

Originally Posted by BPt111

Just sharing CT economic and population

https://www.theatlantic.com/business...cities/532623/

Connecticut’s slow income growth tied to population decline? | Yankee Institute for Public Policy

That Atlantic article had a lot of wrong information. It says that Pepsi and IBM have headquarters here but they are in Westchester not Connecticut. It also says Caterpillar, Motorola, and Kraft Heinz all recently left. Caterpillar is based in Peoria, Ill., not Connecticut. I am not sure where Motorola is but don't remember them ever being in our state. Kraft was in Westchester. The article also talks about Pepsi and IBM which are/Westchester County, New York companies. The only one correct besides GE and Aetna was Xerox and they are still here. UBS still maintains a sizable office in Stamford but the article makes it sound like they completely left. I sent an email to The Atlantic noting the errors. Wonder if they will correct them. Jay

[ryanthegoldengod]

Great article--which many will probably hate because it doesn't really argue that our problem is either liberal or conservative policies. Instead it basically pins the problem on......geography. And climate. No politician on either side will ever say it, but the hard truth is that being a small state (without the benefit of sunny weather or dirt poor cost of living) sandwiched between two major cities, we may have a limited ability to control our own destiny.

Of course it's clear that the author of this article hasn't been to Danbury lately.

https://www.theatlantic.com/business...m_source=atlfb

[Mr_250]

Originally Posted by JayCT

That Atlantic article had a lot of wrong information. It says that Pepsi and IBM have headquarters here but they are in Westchester not Connecticut. It also says Caterpillar, Motorola, and Kraft Heinz all recently left. Caterpillar is based in Peoria, Ill., not Connecticut. I am not sure where Motorola is but don't remember them ever being in our state. Kraft was in Westchester. The article also talks about Pepsi and IBM which are/Westchester County, New York companies. The only one correct besides GE and Aetna was Xerox and they are still here. UBS still maintains a sizable office in Stamford but the article makes it sound like they completely left. I sent an email to The Atlantic noting the errors. Wonder if they will correct them. Jay

They did change it. They have a footnote stating the error.

[Raider111]

Originally Posted by BPt111

Just sharing CT economic and population

https://www.theatlantic.com/business...cities/532623/

Connecticut’s slow income growth tied to population decline? | Yankee Institute for Public Policy

The last paragraph is bang on.
The last sentence will never happen

"In the biggest picture, Connecticut is a victim of two huge trends—first, the revitalization of America’s great rich cities and second, the long-term rise of hot, cheap suburbs. But Connecticut’s cities are not rich or great; its weather is not hot year-round; and its cost-of-living is not low. The state once benefited from the migration of corporations and their employees from grim and dangerous nearby metros, but now that wave is receding. To get rich, Connecticut offered a leafy haven where America’s titans of finance could move. To stay rich, it will have to build cities where middle-class Americans actually want to stay."

[ayoskillz]

Still doesn't explain how other small states are doing better than ct. Rhode island for example. You can also throw Delaware I'm there too because it's really close to Philly and less than a 2 hour hour ride to nyc , Washington dc ect..

[ryanthegoldengod]

Originally Posted by ayoskillz

Still doesn't explain how other small states are doing better than ct. Rhode island for example. You can also throw Delaware I'm there too because it's really close to Philly and less than a 2 hour hour ride to nyc , Washington dc ect..

Rhode Island might have geographic advantages. Not as many are going to migrate to NYC. And it's so close to Boston it's already practically a suburb.

[ayoskillz]

Originally Posted by ryanthegoldengod

Rhode Island might have geographic advantages. Not as many are going to migrate to NYC. And it's so close to Boston it's already practically a suburb.

The same way ff county is pretty much the suburb of nyc... pretty much the same.

[ryanthegoldengod]

Originally Posted by ayoskillz

The same way ff county is pretty much the suburb of nyc... pretty much the same.

The article also notes a disproportionate number of CT's highest tax payers are in finance--which has been in a downturn. Less so greater Boston's richest--who I believe or more likely to be in tech or medicine.

[BobNJ1960]

Originally Posted by JayCT

That Atlantic article had a lot of wrong information. It says that Pepsi and IBM have headquarters here but they are in Westchester not Connecticut. It also says Caterpillar, Motorola, and Kraft Heinz all recently left. Caterpillar is based in Peoria, Ill., not Connecticut. I am not sure where Motorola is but don't remember them ever being in our state. Kraft was in Westchester. The article also talks about Pepsi and IBM which are/Westchester County, New York companies. The only one correct besides GE and Aetna was Xerox and they are still here. UBS still maintains a sizable office in Stamford but the article makes it sound like they completely left. I sent an email to The Atlantic noting the errors. Wonder if they will correct them. Jay

UBS as of now has more Nashville employees than Stamford. That trend will continue.

[BobNJ1960]

Excuses aside, this portrays an accurate, gloomy long-term forecast fot Ct.