Tag Archives: economy

What’s Wrong With Georgia?

I witnessed a lot of these experiences first-hand. When I was finishing school in Georgia, I moved back to metro Atlanta to find suitable work. There were very few companies hiring my experience level and the ones that were would require a 2-hour commute each way and didn’t pay enough to cover the fuel expenses I would incur (and certainly didn’t pay enough to justify moving).

I was fortunate enough to have a place to stay in the metropolitan Los Angeles area, so I packed a small valise and made my way west. Despite the gloom and doom, business mass exodus that so many pundits were predicting, southern California has a rich and diverse economy that is still quite vibrant. In half a year of searching in metro Atlanta, I wasn’t able to accomplish what I did in one month in LA: find a job. Granted, it was not the best job, but it was a foothold, and led to bigger and better.

Georgia, despite her “pro-business” rhetoric, was unable to do the one thing that the everyman looks for in an economic haven: provide a living-wage paycheque.

But now, as the economy picks up steam, and consumer sentiment rises to its highest levels since 2007, a new state keeps appearing at the top of the unemployment list. Georgia, home to Fortune 500 heavyweights such as Home Depot, UPS, and Coca-Cola, had the highest unemployment rate in the nation in August, September, and October. With a November rate of 7.2 percent, the state was narrowly edged out by Mississippi’s 7.3 percent (December statistics won’t come out until mid-January).

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China Has Overtaken the U.S. as the World’s Largest Economy

Without fanfare—indeed, with some misgivings about its new status—China has just overtaken the United States as the world’s largest economy. This is, and should be, a wake-up call—but not the kind most Americans might imagine.

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