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Old 12-29-2011, 10:25 AM
 
391 posts, read 659,733 times
Reputation: 192

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Quote:
Originally Posted by golfgal View Post
Keep reading, Rochester has 2 major employers for a town of less then 100,000 people as well as several other large employers-the school system, the state of MN, and others.

You are now comparing a town of how many MILLION, LA and surrounding area, which still has fewer fortune 500 companies then the Twin Cities metro area. California on the whole has about 2 times as many fortune 500 companies as Minnesota, however you are comparing a state with just shy of 37,000,000 to a state of 3,000,000.

In California, almost every fortune 500 company is either related to the entertainment business or the energy (steel, oil, etc.) business. That is NOT diversified for a state that large. If the entertainment industry moved out of the LA area, LA would crash and burn, rapidly. If say 3M pulled out of Maplewood, the rest of the area would barely feel the loss...it would still hurt but it wouldn't crumble our economy. That is what diversity does.
I'm assuming you're still referring to LA proper and not California as a whole in this claim, otherwise it would be wildly inaccurate. It's true that entertainment and energy are a big part of the SoCal and state economy, but statewide you're leaving out Silicon Valley (Apple, Cisco, eBay and others), aerospace, shipping (Port of Los Angeles) and many of the same businesses here in MN (food, retail, health care). Also, tourism is a huge part of the economy (especially LA).

CA has 53 fortune 500 companies. MN has 20. Yes MN has many more based on pop. (BTW - MN is 5.25 million) but to compare the two based solely on that is silly.
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Old 12-31-2011, 10:26 PM
 
83 posts, read 163,861 times
Reputation: 51
they're only talking about people who have any kind of a job - it doesn't factor in the UNDER employed...

but its something to be cheerful about especially because of reputation for weather that's especially bad...
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Old 12-31-2011, 10:38 PM
 
Location: Cleveland bound with MPLS in the rear-view
5,509 posts, read 11,870,451 times
Reputation: 2501
OH....that must be the reason the Twin Cities edged out as the top metro....
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