Posted on 09/17/2008 10:25:14 AM PDT by Clemenza
New Jersey has lost population in recent decades because low-income residents are fleeing to states with a reduced cost of living, while those moving into the Garden State are generally better educated and earn higher salaries, according to a Princeton University study released today.
(Excerpt) Read more at nj.com ...
‘cause its better than hangin with shoobies.
Please add me to your Garden State ping list...thanks.
Good for you!
I moved to Southern Delaware over 2 years ago. The only thing I miss about NJ is Cape May, which we visit often, via the Cape May Lewes ferry.
How many of these educated people can’t afford to live in New York?
My firm recently moved many of its operation to NJ from NYC to cut costs. NJ may well be the recipient of outflow from other nearby areas which are suffocating from high costs of living, taxes, crime etc. People and companies that are fleeing don’t necessarily move to areas far, far away.
They just move to the lesser of two evils.
The brain gain will be reversed on the drop of a dime, which is happening right now as the finance sector is shedding jobs.
There is still another 200,000 finance jobs to be lost in the NYC metroplex during the next 18 months. That was the consensus view taken at a NYU SCPS roundtable I attended in April.
If McCain or Obama nationalize the health insurance industry, NJ will lose another 120,000 insurance jobs and an untold number of bio/pharma jobs too.
J&J have had a hiring freeze in place since March, for almost every subsidiary, to put it in perspective.
But Joisy still hasn’t gained enough brains to stop voting democrat.
These two findings are not really contradictory. State taxes are a lot like Federal taxes- low-income people pay much less tax, even as a percentage of their income, than the well-off.
So, the taxes might not bug them, but low-income people might be leaving the state because costs of living are going up due to the fact that high-income people moving in-state tends to make everything more expensive.
So much for diversity.
Gov. Corzine and his propagandists have a lot of moxie. U.S. Census Bureau data show that, nationwide, the number of college graduates aged 25 and up increased by 19% between 2000 and 2006.
The increase isn’t primarily due to immigrants from abroad: It’s due to the fact that people who were 25-30 years old in 2006 were far more apt to have college degrees than were people who were say, 50 and older, but these 25-30 year olds weren’t part of the mix in 2000.
In New Jersey alone, the number of college educated people increased by just a little over 16%. The increase was actually far less than the national average, and it reflects the fact that, on balance, the college educated are migrating out of the Garden State, just like people without college degrees are.
The whole “study” relies on people not being aware of the substantial nationwide increase in the number of college-educated people.
Good for you too! It’s been 8 1/2 months and I don’t really miss anything about NJ. We lived in an apt. complex for nearly 20 yrs. and I rarely think about that place any more! It was getting seedier and seedier.
My mother had sold her house in ‘01, so there was no going ‘home’ any more..brought her with us to PA, also my daughter, her husband and our only grandson moved here the year before, part of our decision too.
We, hubby and I, used to go to the Firemen’s Convention in Wildwood. Went to Cape May once but it was a rainy day, need to go when it’s nice!
“Jersey undergoing ‘brain gain’ despite drop in population”
this can only mean one thing: more democrats and RINO’s leaving than Conservatives.
I wonder what is defined as "lower end". Maybe I'm missing something, but could the study have counted the middle class as "lower end"? Anyway, I see the study is based on 2006 data. I wonder what the new data would tell us.
I will admit, however, that there has been a sizeable exodus of the lower middle class to Pennsylvania and (to a lesser extent) Delaware as well. They are disproportionately affected by the high property taxes in the state. Many immigrants (of all social classes) are also spreading to places in the country with a lower cost of living.
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