Articles About the Economy
Recently the site FiveThirtyEight.com reported that of the largest U.S. metros, only Charlotte’s median income, “experienced a statistically significant decline” in 2013. What’s going on? That statement may signal to the casual reader that wages are sinking in the Charlotte region. In reality, however, that “statistically significant decline” appears to be the result of a […]
An economic meltdown threatens America’s middle class. UNC Charlotte sociologist Scott Fitzgerald’s most recent book, Middle Class Meltdown in America: Causes, Consequences and Remedies, co-authored with Kevin T. Leicht, examines the political, economic and cultural changes that have created today’s situation. Fitzgerald will discuss the issues at 6:30 p.m. Thursday, Sept. 18, in a free […]
It’s a quirky fact about all three of the most recent directors of the UNC Charlotte Urban Institute: We all came, not from large urban centers, but from small, rural communities. Jim Clay, director from 1979 to 1984, was from Crum, W.Va. Bill McCoy (director 1985-2001) hailed from Ekron, Ky. And me? My friends are […]
The last five years have been among the most challenging in the nearly 250-year history of Charlotte. The Great Recession erased the mythology that our community was invulnerable to the vicissitudes of national economic fortunes. Home construction, property values, business investment, and community philanthropy plunged downward at rates not seen since the Depression. Unemployment rates […]
By Owen Furuseth The last five years have been among the most challenging in the nearly 250-year history of Charlotte. The Great Recession erased the mythology that our community was invulnerable to the vicissitudes of national economic fortunes. Home construction, property values, business investment, and community philanthropy plunged downward at rates not seen since the […]
Below are more specific details about the differing tax-restructuring proposals from two N.C. senators. Neither proposal is likely to be adopted exactly as presented, because amendments and changes are likely as the measures move through will the N.C. General Assembly. Clodfelter proposal Details of the tax plan, Senate Bill 394, proposed by N.C. Sen. Dan […]
“In 1965, if you had a good back and a good alarm clock, you could make a good living in Milwaukee,” Mayor Tom Barrett told a recent Raleigh conference, because of the strength, at the time, of that city’s manufacturing sector. Although rural Stanly County is very different, that Milwaukee attitude was also the prevailing […]
The first quarter 2013 Charlotte Business Confidence Index report, released Jan. 2, shows Mecklenburg County business leaders’ optimism about economic prospects in the first quarter 2013 improved compared to their expectations for the fourth quarter 2012. The overall index value of 54.2, an increase of 1.8 points compared to the fourth quarter 2012, represents improved […]
2013 may be a year historians look back on as the time local leaders hit the “reset” button on issues that had been at the forefront of public policy discussions before the 2008 economic meltdown. Will leaders revisit these issues following the same assumptions and conventional strategies as before? Or will lessons learned in the […]
Many people are surprised to learn that agriculture is the No. 1 industry in the state. However, North Carolina is losing farmland faster than any other state – and the number of dairy farms is down dramatically. Agriculture is estimated to be worth more than $70 billion annually to North Carolina’s economy. Agriculture and agribusiness […]
Welcome, Democrats! You have received loads of material on restaurants, sights and the strange habits of the locals. Here is a primer quick enough for you to digest while you spoon through your breakfast grits. First and most important, Charlotte is not some other city. It is not by the sea (that’s Charleston), it does […]
The third quarter 2012 Charlotte Business Confidence Index report, released July 2, shows Mecklenburg County business leaders’ optimism about economic prospects declined compared to their expectations for the second quarter of 2012. The overall index value of 55.4, a decrease of 3.4 points compared to the second quarter, remains positive on business confidence overall, with […]