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What Manufacturing Workers Want, Part 4
OK, let’s review what was covered so far in our series of articles on the ResourceMFG Manufacturing Employee Opinion Survey. Ready? Industryweek.com
Submitted 8 hours ago

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This cartoon explains how the rich got rich and the poor got poor
Something massive and important has happened in the United States over the past 50 years: Economic wealth has become increasingly concentrated among a small group of ultra-wealthy Americans. You can read lengthy books on this subject, like economist Thomas Piketty's recent best-seller, Capital in the Twenty-First Century (the book runs 696 pages and weighs in at 2.5 pounds). You can see references to this in the campaigns of major political candidates this cycle, who talk repeatedly about how something has gone very wrong in America. Vox.com
Submitted 11 hours ago

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Here’s one really obvious way to boost the US economy
If you’re confused about why American economic growth has been so disappointing, consider this: US government investment in capital, research and development, and education and training is at its lowest point in 45 years. In 2014, federal investment turned negative for the first time since 2001, meaning that government capital is depreciating or becoming obsolete faster than it is being replaced. Qz.com
Submitted yesterday

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Five problems, five bipartisan solutions to advance the tech economy
Even in a presidential-election year, when partisan passions burn hottest, a number of issues transcend red and blue because they are in the interest of all Americans. Nurturing our tech economy is one issue on which lawmakers of both parties can find bipartisan consensus and work across the aisle. Innovation is the driving force that makes our nation great. The following are five areas where Congress can promote American innovation and foster economic growth and job creation in our tech economy: The Hill
Submitted yesterday

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Designing cities to combat climate change
Urban planners can take steps to reduce the heat cities may experience from climate change, but there would be other consequences and tradeoffs to consider, according to a study at Purdue University. Dev Niyogi, a Purdue University professor of agronomy and earth, atmospheric and planetary science and Indiana's state climatologist, wanted to know what effect, if any, urban planning could have on mitigating rising temperatures associated with urban heating and climate change. The amount of concrete and lack of vegetation in many large cities could make those places "heat islands," where temperatures rise higher than in the suburbs or rural areas. Phys.org
Submitted yesterday

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Rivalry helps drive Florida and Texas to economic success
They say imitation is the sincerest form of flattery — and for Texans and Floridians, it's also been a driver of economic success. While Florida has often followed Texas' lead of promoting economic growth through Texas' model of lower taxes and spending and less regulation, the Sunshine State recently has jumped ahead when it comes to tackling corporate welfare. Texas should take note of this development if it hopes to stay abreast of its friendly rival. Orlando Sentinel
Submitted 2 days ago

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Hughes: Impact of Corporate Tax Cuts and Incentives on Mississippi
There seems to be sound bites and spins everywhere about this – mostly from the elected leaders who passed them, and the corporate groups that received them. But, what about the reality – just the numbers that impact daily Mississippians: Hottytoddy.com
Submitted 2 days ago

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New college grads don’t care about good jobs so much as good pay
A fresh wave of college graduates enters the workforce this summer. They’re young, energized, ready to work—and also likely buried in debt. It’s no wonder, then, that a high salary is the most-prioritized quality in a job for this demographic. Toptal, an online freelancing marketplace, surveyed 1,000 recent graduates across the US on what they’re most looking for in their first job—and the answer is money. Qz.com
Submitted 2 days ago

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The Myth That the President Can Save the Economy
Hillary Clinton wants to bring back the 1990s. She has touted her husband’s economic record—"the longest peacetime expansion in our history”—and promised to put him in charge of fixing the economy because, in her words, “he knows how to do it." Donald Trump wants to resurrect the 1950s. With his promises to bring back manufacturing jobs and flip the U.S. trade deficit with China, Mexico, and other countries, Trump is calling for a closed economy not seen since the U.S. was the industrial colossus of the world. "We will have so much winning if I get elected that you may get bored with winning,” he said. The Atlantic
Submitted 2 days ago

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LETTER: Jobs are coming back to America
For decades, U.S. manufacturers fled the country for China to drive down labor costs. Now, some foreign manufacturers are turning that off-shoring trend on its head. In 2011, British-based Rolls-Royce began making jet engine parts in Virginia and shipping them to Europe and Asia. That same year, Siemens, a German company, started making power-plant turbines in Charlotte, N.C. and shipping them to Saudi Arabia and Mexico. Jg-tc.com
Submitted 2 days ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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