3M to cut 2K jobs globally, lowers 2019 profit outlook

Re:3M to cut 2K jobs globally, lowers 2019 profit outlook by lotsofpulp on Thursday April 25, 2019 @11:51AM (#19749383)

It's area related, at least according to the data so far. Places with older houses, high (and increasing taxes), and undesirable weather with low or stagnant job growth are going to have a hard time selling.

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Re:3M to cut 2K jobs globally, lowers 2019 profit outlook by okmokmz on Thursday April 25, 2019 @12:52PM (#19750030)

Seattle is full of "older houses, high (and increasing taxes), and undesirable weather" but I guess the job prospects make up for it.

Again, not sure what I did to deserve downvotes considering Seattle is full of old and historic buildings, neighborhoods, and districts and has pretty crappy whether. The taxes aren't the worst in the country, but they are certainly not low either. Seems like the downvote feature on this site is used as a "diagree" button similar to reddit, which I don't believe is the intent. Not even sure how I managed to hurt feelings in this case, considering I was just saying Seattle sucks based on those criteria but no one is having a hard time selling as was stated

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Re:3M to cut 2K jobs globally, lowers 2019 profit outlook by brianmc21 on Thursday April 25, 2019 @01:03PM (#19750153)

Seattle homes looks brand new compared to New England, and our taxes(MA) appear to be higher and our weather you could say is similarly bad but different if not worse. We also have a lot of jobs which pretty much drive everything.

I am curious about the tax side of things. What taxes in the Seattle area are high or increasing. I am asking because I am considering moving to the west coast.

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Re:3M to cut 2K jobs globally, lowers 2019 profit outlook by lotsofpulp on Thursday April 25, 2019 @01:19PM (#19750324)

Seattle’s tax situation is far better than the rust belt states that are looking down the barrel of old infrastructure, freezing winters (causing more expense due to salt and associated wear and tear and rusting), decreasing populations, and of course, debt in the hundreds of billions to their retirees.

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Re:3M to cut 2K jobs globally, lowers 2019 profit outlook by toomuchtodo on Saturday April 27, 2019 @11:15AM (#19765930)

Rust Belt population decline has slowed, as has growth in the Sun Belt. It appears an equilibrium of sorts is being approached.

https://www.bloomberg.com/opinion/articles/2019-04-26/the-ru...

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Re:3M to cut 2K jobs globally, lowers 2019 profit outlook by brianmc21 on Thursday April 25, 2019 @03:04PM (#19751446)

I didn't downvote. I am genuinely curious as it is one of the places I am considering moving and I know I don't know anywhere close to as much as I do about Boston.

I think everything is relative. If you compare housing in Boston to Seattle. Seattle looks brand new because the vast majority of houses in the Boston area were built before 1970 and there are a lot of original features you don't want in Boston houses. If you compare Austin to Seattle then Austin seems brand new because it is.

If the taxes in Washington aren't great than I am more inclined to just go to CA.

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Re:3M to cut 2K jobs globally, lowers 2019 profit outlook by dsfyu404ed on Thursday April 25, 2019 @01:11PM (#19750243)

Unfortunately nowhere worth living has many good jobs and anywhere with good jobs is an overpriced shithole (often literally, I'm looking at you SF and your poo problem).

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