Analysis of the Mess Illinois Finds Itself – Fact 18

A continuation of the analysis of the current situation in Illinois by WirePoints:

Fact 18

18. Manufacturing jobs collapse. More than 300,000 working and middle class Illinoisans lost their manufacturing jobs between 2000 and 2015. Illinois experienced the worst manufacturing jobs recovery since the Great Recession when compared to our neighbors. And the repercussions were wide. Lost property tax revenues were passed to on to homeowners through higher rates. Towns have seen population drops across the state. And private sector incomes were stagnant in the decade from 2006-2015 (See number 7).


Comments

Analysis of the Mess Illinois Finds Itself – Fact 18 — 5 Comments

  1. YouTube

    CNBC Television channel

    February 25, 2019

    CNBC’s Becky Quick sits down with Berkshire Hathaway CEO Warren Buffett.

    – Begin at 49:30 for a conversation that includes how public sector unfunded pension liabilities can impact company location decisions.

    youtube.com/watch?v=Pqc56crs56s

  2. New manufacturing jobs will not be coming to Illinois.

    The reality is more & more will leave.

    Look at the new minimum wage law.

    Look at workman’s comp insurance rates in Illinois compared with surrounding states.

    Electric rates.

    Property taxes.

    Illinois bottom of the barrel credit rating.

    Underfunded pension schemes.

    As I posted on 2-20-19:

    The mighty king has bellowed, and HE alone knows how it is we create jobs, as he is in tune::

    “I understand the concerns of businesses and am very in tune to how it is we create jobs in this state,” Pritzker said.

    Gilster Mary Lee, mentioned above, is a very large employer in several states.
    http://www.gilstermarylee.com/

    http://mchenrycountyblog.com/2019/02/20/how-will-minimum-wage-employees-react-when-they-figure-out-their-wages-dont-increase-to-15-an-hour-for-six-years/

  3. And don’t forget about the coming progressive state income tax!

    Almost euphoric in his anticipation of the many billions of dollars in new revenue a progressive tax would generate, Pritzker told legislators that, if adopted, it will “change the arc of Illinois finances forever.”

    That’s why, Pritzker said, he will begin work on passage “immediately” and not rest until it’s complete.

    http://www.news-gazette.com/opinion/columns/2019-03-03/jim-dey-with-election-recently-over-tax-campaign-its-infancy.html

  4. Biggest decline during the Bush years, every time I see a chart like this it points out how much damage that regime did to this country.

  5. Dentblah, what about all the damage done by Obongo, Clinton and Bush I?

    Plus all the damage you, yourself, have caused?

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