Economy

 

How to Get NC’s Economy On Track

This article originally appeared in the Charlotte Business Journal. North Carolina can improve its dismal 9.4% unemployment rate – currently fourth worst in the nation. To understand what that takes, however, requires an understanding of what makes a state’s economy thrive relative to those of other states. States that thrive…

 

When is a job not really a ‘created’ one?

This article first appeared in the Fayetteville Observer on June 21. It’s easy to understand why Jane would be so excited about the new economic development project in her town. She is unemployed. Luckily, Jane’s husband still has his job, but his income is not enough to support them and…

 

Lawmakers Eye Tougher Penalties for Unemployment Fraud

(RALEIGH) – Some state legislators point to a case in Scotland County that cost a businessman thousands of dollars and affected his firm’s unemployment credit rating as a prime example of why the penalty for unemployment fraud should be increased from a misdemeanor to a felony. In 2011 Gerri Clark,…

 

Held back by Red Tape 3: Policy Options for North Carolina

How can we modify licensing in North Carolina? While it is doubtful that North Carolina will do away with occupational licensing in its entirety, common-sense reforms can alleviate many of the burdens that licensing places on our economy: 1) Eliminate occupational privilege licensing. Occupational privilege licensing serves no regulatory purpose.…

 

Held Back by Red Tape 2: Fines and Missed Dreams

Steve Cooksey of Gaston County, thought he was just helping diabetics. David N. Cox of Raleigh thought he was helping his neighbors. But both North Carolinians found that they had run afoul of one of the most widespread yet least-discussed barriers to creating jobs and pursing one’s dreams: occupational licensing.…

 

Held Back by Red Tape: Occupational Licensing in North Carolina

This article is the first installment of a three-part series examining the practice of occupational licensing in North Carolina. Imagine a practice that restricts freedom, stifles competition, crushes dreams of success, and takes money out of consumers’ pockets — often for little or no good reason. Would you call it…

 

Employment Insecurity

Business leaders complain the North Carolina unemployment system needs to be completely changed so people are encouraged to train and work. A Civitas Institute video report examines the tangled system. The state is in debt to the federal government to the tune of $2.6 billion for loans to keep unemployment…

 

North Carolina’s Lost Decade

The first decade of the 21st Century for North Carolina was a difficult one. In terms of the state’s economic condition, many may label it a lost decade. Lost jobs, lost fiscal restraint by state government, lost opportunities for spending reform, and more lost ground in terms of worker pay.…

 

Perdue Bringing “Solyndra” Politics to North Carolina

Documents obtained by the Civitas Institute suggest Gov. Bev Perdue is attempting to strong-arm North Carolina’s three major utility companies into supplying more expensive energy to their customers in the northeastern part of the state. In a political power-play to reward big business reminiscent of the handling of the Solyndra…

 

While the Economy Busts, Lottery Sales Boom

Much like the economy, it’s more bust than boom for those playing the North Carolina Education Lottery (NCEL). Unlike the economy, however, bust is the normal state of affairs for lottery players—with slim statistical margins rarely yielding a winning ticket. However, that hasn’t deterred a strong uptick in lottery sales…

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