Re:From Bezos to Walton, Big Investors Back Fund for ‘Flyove...
by ameister14 on Tuesday December 05, 2017 @09:20AM
(#15851833)
Percentage-wise, the population of Ohio has grown more than New York since 1960.
edit: Another way to put it is that Mississippi has doubled in population in 100 years - roughly 1.5 million to 3 million
It's the difference between being Facebook with 45% net income profit margins, and being a manufacturer in Ohio with 4% net income margins. If you're Facebook, you're drowning in opportunity and cash. Growth does that for you, in many cases it begets further easy growth. The manufacturer's scenario is rock and a hard place stagnation, and if they slip up even a bit, it's bankruptcy.
In 77 years, Arkansas has added one million people. They might add 20k to 30k per year in a good year.
West Virginia hasn't grown its population 84 years.
Mississippi has added one million people in a hundred years.
Ohio, Michigan, Pennsylvania have barely grown their populations in half a century.
Some of this is down to their mistakes, some of it is shit luck of getting slammed by very large macro economic forces, huge technology changes (whereas earlier technology changes had blessed those locations).
These states are perpetually trapped in a scenario where they can't afford to make the moves to attract sustained growth, and they can't grow because they can't afford to make those expensive moves. It's stagnation hell. The only likely way out, is a major technology inflection point, and being sure to catch the wave.