I'd be curious as to whether there's ever a time where you can't make a map that looks like this. I'm guessing there have been times that CA and NY would show up as green by these metrics and MS, AR, and AL still show as red. And probably less often, occasions when California or NY are red and those states are still treading water.
This is the answer - nobody's arguing ... yet. But we are hemorrhaging talent and labor in this state, folks that might earn enough of an income to consume goods and pay taxes (if you believe in that sort of thing).
I believe I read the six billion Dollar data center in Brandon will create a whole 60 jobs
Agriculture for sure. Farmers, Ag lenders, seed/chemical companies, Equipment dealers, etc. are all in hell right now. If your business depends on farm commodities paying you or paying the people that pay you then you are not having a good time.
Yea, pretty easy to see the oil and gas having LA diverge from MS, AL, and GA (although I would assume with oil prices that would be downward pressure on LA's economy right now? Or is LA oil and gas cheap enough to produce that they don't lose production? Or does the cheap oil make the chemical manufacuring boom enough to offset it?), but you'd think they'd generally be tied closer together.
All of these Meta data center commercials (“I want my kids to live and work in Altoona”) make me cringe. Yeah, there will be some infrastructure jobs to build the thing and the roads that lead to it, then some basic maintenance jobs, but implying there are going to be abundant and sustained good paying jobs is criminally misrepresenting what will happen. That being weighed with skyrocketing power and water costs just doesn’t sit well with me.
Not adding in 2025 Mississippi GDP has grown 2% over the past five years and in 23 and 24 it grew 6.7%. Four of those years saw the highest inflation in 40 years. On the flip side SS has increased by the same amount of inflation during that time. Sad to say our state had 19% living below the poverty rate. With the lowering of gas prices their spending power will increase. As long as gas prices keeps going down, I don't see a recession in Miss. Just saying I don't believe anything anymore. It has to happen for me to beleive it will happen.
I’ve looked into moving back many times. The biggest problem is “where are we gonna work”?
The best thing Mississippi has going for it right now is the real estate price differential. You can sell a home in Colorado or Florida and move to Mississippi and bank enough profit to set yourself up with interest payments if you invest it properly. You just have to make sure that in your future you don't see yourself moving back to another state that has high housing prices. For most that's a hard no.
Thought LA was odd as well, particularly considering all the new large investments we are seeing recently. Perhaps those aren't accounted for yet, or have not had time to produce measurable impact. Alabama has Huntsville which is growing at a rate that is fast enough to swing the entire state's metrics. I've long said that Huntsville is the only difference in MS/AL. Otherwise, they are basically the same state.
I didn't leave them off. They are clearly growing. I just pointed out that 22% of our GDP is "at risk" according to the Moody's guys. That doesn't mean they are right. It's just interesting.
What's the deal with this? Slow internet, bad airport access, and healthcare come to mind. I would've guessed companies would jump at being able to peg COL to states like Mississippi
I think those are high investment/big kick to the construction folks, but relatively low employment counts, so they are unlikely to drive new residential housing like a Continental (Clinton) or Nissan (Canton).
If it were not for family, I would still be working in Huntsville, or likely some other tech hub. Ironically, I'm all but certain that I would be making less money now.
If I bought doomsday seeds every time an economist predicted tragedy, I'd have to build a grain silo.
Years ago, I was denied the opportunity to move to MS with a job that required a lot of air travel because of the cost of flying out of JAN. I know plenty of people who do it, and I've never heard of anyone else having that experience.
Interesting. Can you elaborate on what you mean by the increased cost of having someone live in say Mississippi? Curious about what the costs are.
What now? Altoona where?...like Altoona Iowa where there actually is a Meta data center? Is that really well known?
Mostly true. That was partly why we made COVID so much worse than it should have been. The idea that there was a tragedy and all we could do was mitigate it the best we can just was unfathomable to people, so you had them destroy a bunch of lives and unnecessarily hammer our economy to make people feel like they had some control.
Correct me if I'm wrong (I know you will) but 60 is still > 0. And the $6B investment by VAIAO (sp?) is still > $0.
I'm guessing in Mississipp it's not a cost issue but an access issue. Depending on whether you're living close to MEM, JAN, GPT, or MSY, lots of the places where full time remote work is acceptable are not easy to get to. Not sure if this is common, but I have talked to a couple of remote workers that had to live something like within an hour of an airport with a direct flight to their headquarters. They don't want to lose basically two days of work everytime somebody needs to travel for an in person meeting.
There are already plans for the water to be net 0 effect on the state and current water systems out there. Hopefully these new guys are going to employ those methods.
There have been several plant closures in NE Miss lately. We aren't talking about furniture plants either.
Believe it when I see it. Here in Texas, they’re resource hogs.
Somebody once told me "all money ain't good money". Might've been a Memphis pimp.
