The South's low-tax, low-wage policies worked for a century, but not anymore. The region is falling behind again in an economy now built on globalization and tech knowledge.
NATCHEZ, Miss.—The American South spent much of the past century trying to overcome its position as the country’s poorest and least-developed region, with considerable success: By the 2009 recession it had nearly caught up economically with its northern and western neighbors.
That trend has now reversed. Since 2009, the South’s convergence has turned to divergence, as the region recorded the country’s slowest growth in output and wages, the lowest labor-force participation rate and the highest unemployment rate.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Trump Trade War: The Real Impact On The EconomyThe latest in the year-old trade war as it affects the market, businesses, consumers and more.
Baca lebih lajut »
World's top economies lay out principles on debt sustainability at G20 meetFinance leaders from the world's top economies on Sunday adopted new princi...
Baca lebih lajut »
Japan's economy not in state requiring fresh fiscal steps: finance minister AsoJapanese Finance Minister Taro Aso said on Sunday the country was not currently ...
Baca lebih lajut »
What's behind the spike in immigrants at the border“It is a serious problem, but it is not the kind of crisis that requires demonization of desperate people,” Sen. Bernie Sanders says when asked if the spike of migrants at the southern border is a crisis. CNNSOTU
Baca lebih lajut »