NJ Poverty Up, So Let’s Drive More Businesses Away November 15, 2015Posted by geoff in News.
New Jersey apparently has record numbers of people living in poverty:
More New Jersey residents are in poverty now than in the past five decades and the outlook for the future is bleak, according to a report released Sunday, which aims to redefine the definition of poor in the state.
Of course the report authors suggest the customary fix:
Saying the safety nets to catch people on the precipice of poverty are growing bigger holes, the study calls for the state to develop a more intensive and comprehensive approach to combatting poverty and its consequences.
Seems a little silly, putting bigger patches on the system rather than addressing the underlying economic problems that are causing it.
“Underlying economic problems?” you say, “what could they possibly be?”
I know you already know the answer, but here it is anyway:
New Jersey’s state government would seek to better understand why companies are leaving the state under legislation approved by a Senate panel today.
The legislation comes in the wake of Mercedes-Benz decision to vacate its Bergen County headquarters and take 1,000 jobs with it to the outskirts of Atlanta, citing the South’s lower cost of doing business.
Increasing social services spending suggests increasing revenues via taxes and fees. And that, in turn, suggests that the exodus from NJ will just accelerate.
As an aside, there’s another reason that the number of poverty-stricken NJ-lings has increased. Take a gander at this chart from the report:
Seems like President Obama’s permissive immigration stance may be part of the problem.