Nine States Face Economic Contraction, Most Since 2009 Crisis • Hacker News Board

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#101

Post by WorldMaker » Mon, Jan 06, 2020, 8:16 PM UTC

thorwasdfasdf wrote: post #100

jeffmk wrote: post #67

1. West Virginia 2. Pennsylvania 3. Delaware 4. Montana 5. Oklahoma 6. Vermont 7. New Jersey 8. Kentucky 9. Connecticut

Tech is clustered around a few areas in the US, driving tons of population growth and money to those areas causing other areas to depopulate (directly or indirectly). the irony is those places receiving the growth want it the least, at least if you ask their indigenous populations (most CA voters are extremely anti growth, for example). I think there would be a lot to gain by incentivizing growth to occur in a more b…

So much of the tech industry has built incredible remote work tools as a part of their products and services to other industries and yet surprisingly still seems so mindless a centralizing force in its own efforts. Not a single member of GAFAM is missing remote work tech in their portfolios, but all of them still want employees to start primarily and almost exclusively in either Mountain View/Palo Alto or Seattle/Redmond depending. It's almost a sadly hypocritical stance compared to what they are trying to sell their remote tools for, a sign perhaps that they don't really trust those same tools and aren't dogfooding them enough.

Software has almost the largest ability of any industry to be built entirely through remote work, yet seems almost the most afraid to do so, at least based on the attitudes from all the largest employers specific to the industry.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#102

Post by WorldMaker » Mon, Jan 06, 2020, 8:26 PM UTC

jdhn wrote: post #74

jeffmk wrote: post #67

1. West Virginia 2. Pennsylvania 3. Delaware 4. Montana 5. Oklahoma 6. Vermont 7. New Jersey 8. Kentucky 9. Connecticut

I'm not too surprised by the makeup of this list. West Virginia and Kentucky are resource extraction states that are primarily focused around coal, and Oklahoma is focused around oil & gas. New Jersey and Connecticut have high taxes, and are having a wave of retirees leave and take their spending dollars with them. Vermont has very low population growth and is also facing a demographic issue just like Jersey and Conn…

Kentucky's primary resource extraction historically was tobacco more than coal, more traditionally a part of "tobacco road" with the Carolinas than coal country with West Virginia. As tobacco has waned the tobacco companies retrenched to the Carolinas and left Kentucky shifting in the wind. That coal so dominates the national and rural conversation around Kentucky today is a huge sign of whose interests are in play in the discussion and that it has convinced so much of Kentucky itself that that's what is causing the economic problems is a shame, if not a sham.

(IMNSHO, Kentucky should have been in the vanguard of legalizing and growing THC and selling it to other states. That it hasn't and that it isn't, is a huge economic blunder on the part of the state, and I'm feeling it is high time Kentuckians shut up about coal, but what do I know.)

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#103

Post by blacksmith_tb » Mon, Jan 06, 2020, 8:42 PM UTC

cossatot wrote: post #98

pjc50 wrote: post #85

Earlier quoted context omitted.

The demographic and internal-migratory questions remind me of the EU and the problems faced by e.g. Greece. I wonder if it will result in a campaign against internal migration. Is freedom of movement within the United States explicitly part of the Constitution?

Internal migration is much more common within the US than within the EU, and societal norms are much more accepting of intra-US relocation. Based on the data I can gather from a brief search, it looks like in 2017, 58% of Americans live in the state of their birth [1]. Because many people move states and then move back (for college or a temporary job or something) then it's reasonable to think that perhaps 50% of Ame…

People willing to relocate for work benefits employers, though this tends isolate individuals from their extended families (which may seem like a plus, until you, say, have kids but no grandparents to shuttle them around; or unwell elders without anyone left to care for them).

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#104

Post by ksec » Mon, Jan 06, 2020, 10:29 PM UTC

merpnderp wrote: post #86

whatshisface wrote: post #72

Earlier quoted context omitted.

Even in the most extreme possible case where the WaPo is an outlet for Jeff Bezos' personal opinions, is it really the case that Jeff Bezos couldn't have anything interesting to tell us? One billionaire-owned newspaper isn't that bad on its own, because the other newspapers can still report on the owner of the one. What's really scary is when the billionaire owners go golfing together, which would be a failure of the…

Hasn't this been the case for some time? The number of people who actually matter in the news industry is only a few thousand, and their social graph looks like they're all married to each other's cousins (which is only half a joke).

Could you expand on that for those who dont follow the news industry closely.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#105

Post by ksec » Mon, Jan 06, 2020, 10:41 PM UTC

ian-bateman wrote: post #26

wozniacki wrote: post #8

Earlier quoted context omitted.

Billionaire presidential candidate Mike Bloomberg is refusing to buckle under pressure and change the rules of engagement for his news outlet's political reporters—who are forbidden from investigating him or any other Democratic White House hopeful. Bloomberg News journalists will 'just have to learn to live with some things,' he told CBS News in an interview that aired Friday morning. 'They get a paycheck,' the form…

Interesting that Bloomberg is missing from his own billionaire index list: https://www.bloomberg.com/billionaires/

https://www.forbes.com/real-time-billionaires/

On Forbes he is listed to be worth ~$56B.

I think this topic is worth its own HN submission by itself.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#106

Post by ksec » Mon, Jan 06, 2020, 10:46 PM UTC

adventured wrote: post #31

JumpCrisscross wrote: post #5

Earlier quoted context omitted.

> Bloomberg sure is working hard to talk down the economy It’s a finance publication. Its bread is buttered by people paranoid about missing the next big thing, whether that be an unexpected winner or unexpected pullback.

CNBC - which is not even a great financial & business news media outlet - does a dramatically better job of balancing their bullish versus bearish articles. Bloomberg, the media platform, went noticeably bearish after Michael Bloomberg publicly came out against Trump a few years ago. I've been reading Bloomberg daily for a very long time, it wasn't a subtle turn, it was dramatic and immediate - which perfectly fits w…

I am wondering has this always been the case of CNBC? Or the balance view is something recent?

I have only been reading / watching CNBC financial for the past few years and I was surprised at their balanced view. Since CNBC is constantly bashed ( may be based on politics or whatever reason Obama used to joke about ) I completely dismissed them for a very long time.

Somewhere along the line Bloomberg turns into more like a Buzzfeed like platform for Financial news.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#107

Post by BurningFrog » Tue, Jan 07, 2020, 3:40 AM UTC

pjc50 wrote: post #85

jdhn wrote: post #74

Earlier quoted context omitted.

I'm not too surprised by the makeup of this list. West Virginia and Kentucky are resource extraction states that are primarily focused around coal, and Oklahoma is focused around oil & gas. New Jersey and Connecticut have high taxes, and are having a wave of retirees leave and take their spending dollars with them. Vermont has very low population growth and is also facing a demographic issue just like Jersey and Conn…

The demographic and internal-migratory questions remind me of the EU and the problems faced by e.g. Greece. I wonder if it will result in a campaign against internal migration. Is freedom of movement within the United States explicitly part of the Constitution?

San Francisco certainly don't want any outsiders moving in!

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#108

Post by halbritt » Tue, Jan 07, 2020, 5:57 AM UTC

Fjolsvith wrote: post #57

halbritt wrote: post #52

Earlier quoted context omitted.

That explains Fox news so clearly.

Then how does the converse explain the other media outlets?

Logically, that doesn't follow. Here, let me explain the joke: You claim that conservatives have healthy skepticism and yet my observation is that the conservative television news outlet continuously streams nonsense and yet seems to be doing quite well. These circumstances are a retort to your assertion.

Conversely, what? Nobody asserted that liberals possessed a healthy skepticism or that liberal news outlets don't also continuously stream nonsense.

If you'd like me to make some assertions, I'd happily do so, but if you're looking for a partisan viewpoint to attempt to deconstruct, you'll not find one here.