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AP Analysis Shows No Economic Impact of Bathroom Bill on North Carolina March 27, 2017

Posted by geoff in News.
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That is not, of course, the way they present it. Anyway, the AP has a terrifying report on the devastating damage to the North Carolina economy as a result of keeping bathrooms the way they have always been:

‘Bathroom bill’ to cost North Carolina $3.76B, report says

Despite Republican assurances that North Carolina’s “bathroom bill” isn’t hurting the economy, the law limiting LGBT protections will cost the state more than $3.76 billion in lost business over a dozen years, according to an Associated Press analysis.

That sounds pretty bad, but . . . hey, wait a minute.

$3.76 billion over 12 years is $313 million/year. Is that a lot?

Not really:

HB2 supporters say its costs have been tiny compared with an economy estimated at more than $500 billion a year, roughly the size of Sweden’s.

So $313 million out of $500 billion is: . . . . . 0.06%.

What they should have asked is how much it cost Paypal to change its plans. That might have been interesting.

Because there’s no story so far as North Carolina’s economy is concerned.

Comments»

1. digitalbrownshirt - March 28, 2017

It kind of reminds me of the joke about how much money a guy saves by not smoking.

“You know you could have had enough money to buy a Ferrari if you didn’t smoke?”
“So why isn’t every non-smoker driving a Ferrari?”

It’s a lot of money when you group it together in a big enough group (weeks vs. months vs. years). Just like anything else. The public mostly reads headlines, or perhaps they just remember the headlines even if they read the article because the headline already told them what they’re reading. I don’t think the average person notices the break in reality once they start breaking down the numbers.

I used to have a boss that would say “Perception is reality”. I found out later it was from some stupid corporate brainwashing program of the month that our company had put their “leadership” through. I finally got tired of hearing it so I told him “A lie is always a lie. The truth is always the truth. I don’t care what it looks like.” His reaction was that my attitude about black and white is why I never got into management. Not that he disagreed with me, but I couldn’t parrot what ever nonsense the current corporation religion was pushing and that was the single, biggest roadblock to promotion.

I’ve gone through hell for the last two years, but I’m glad I don’t work there anymore.

2. skinbad - March 28, 2017

Utah has had a festering issue (and we all know how painful those can be) with a big Outdoor Retailer Convention that’s been coming to the state for decades. The state government keeps railing against federal control of most of the state and national monuments that Clinton and Obama dropped on us on their way out the door and as a sop to their environmental supporter cash-cows.

The Convention kept warning the state that they would take their ball and go to another state that had more support for public lands. This year, they finally did it. The liberal Salt Lake paper kept going on about how the city would lose X million dollars over the next X years because the convention will go somewhere else.

It’s a zero sum argument that No One else will book those hotel rooms and No One else will eat those meals in the restaurants and No One else will book that convention space. Well, maybe, but they don’t know that. The governor also pointed out that tourism has never been higher. The convention will be missed, but the media it has generated is not proportional to its economic impact.

3. geoff - March 28, 2017

I finally got tired of hearing it so I told him “A lie is always a lie. The truth is always the truth. I don’t care what it looks like.” His reaction was that my attitude about black and white is why I never got into management.

In the old days they used to try to teach you to cut through perception to the truth. Now they teach you to use perception to hide it.

The convention will be missed, but the media it has generated is not proportional to its economic impact.

Admittedly both sides tend to seize on things and magnify their importance. But the magnification the liberal media uses is Brobdingnagian.

jam2 - March 30, 2017

So you HAD to bring up the brobanginshinnanigans

4. geoff - April 3, 2017

Aaaaannnddd a week later the MSM finally catches up to Innocent Bystanders:

It turns out that the economic devastation to North Carolina wrought by the much-publicized boycott over House Bill 2 wasn’t all that devastating — and it wasn’t all about HB2.

Overlooked in the uproar leading up to last week’s repeal of the disputed transgender bathroom bill was its negligible impact on the state’s economy: The loss of business, concerts and sporting events represented just 6/100ths of 1 percent of the state’s nearly $500 billion annual economy.

I swear I said that. Didn’t I say that?

5. lauraw - April 4, 2017

you said that


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