Saturday, August 20, 2011

The Texas Miracle Is No Myth

The National Review reports:
But if population growth creates jobs, then why don’t we see this nationally? The nation’s working-age population has grown by about five million since the beginning of the Obama administration.

Yet instead of growing with the working-age population, the number of jobs has decreased by 2.91 million. Krugman claims that Texas has more jobs simply because its population has grown, but the reverse is really the case: The ability to get a job in Texas continues to lure Americans from other states, as well as Mexicans.
Something to think about.