Michael "Mish" Shedlock, MISH business executive survey. And, his informed "take no prisoners" opinion.
MISH's Global Economic Trend Analysis, 5/4/12, Chief Executive’s eighth annual survey of best states to do business. "California has 12% of US population, 33% of welfare recipients; Texas is best state to do business; California, Illinois, and New York the worst; where does your state rank?"
In Chief Executive’s eighth annual survey of CEO opinion of Best
and Worst States in which to do business, Texas easily clinched the No. 1
rank, the eighth successive time it has done so. California earns the
dubious honor of being ranked dead last for the eighth consecutive year.This year, 650 business leaders responded to our annual survey, up from 550 in 2011. CEOs were asked to grade states in which they do business among a variety of areas, including tax and regulation, quality of workforce and living environment. The Lone Star State was given high marks foremost for its business-friendly tax and regulatory environment. But its workforce quality, second only to Utah’s, is also highly regarded.
Bottom 10, "Worst State for Business 2012 survey slideshow. Categories: 1) taxation and regulation, 2) workforce quality, 3) living environment. From Hawaii #41 (listed as #1 on the slideshow) to California #50 (listed as #10 on the slideshow).
Related - About Michael "Mish" Shedlock. His speech 3 years ago- "Mish's global economic Analysis", 5/6/09, video, about 10 minutes, followed by Q&A commentary, total 50:18 minutes. Mish may have modified some of his views since. He mounted a campaign against the Troubled Asset Relief (stimulus) Program (TARP). He insists that Federal Reserve Chairman Greenspan's low interest rate policies were a major part of the problem leading to market collapse. Mish advocates for elimination of the Federal Reserve itself. He is a self-promoting Registered Investment Advisor (fee for service), not an economist. Nevertheless, much of what Mish Shedlock says has a historical perspective and is well reasoned common sense.
Submitted by Jim Alex
Posted by Kathy Meeh
3 comments:
This explains a lot, doesn't it?
Interestingly most of the states listed are near the top in average household income. Perhaps what CEOs consider a negative is actually good for the population at large.
Think what you are saying at 11:52 am is "Robin Hood", real life wisdom, Ian. The report in large part no doubt supports the view of the modern day robber barons.
The CEOs seem to be against regulations, but also they mentioned conflicting, meaningless regulations. Well okay, but there were complaints about the high cost of employee pay, corporate taxes, and vague "livability" factors. Then, there are those pesky employee benefit costs.
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