A recent survey of New Jersey job providers featured some interesting conclusions. It turns out that current state policies have discouraged new businesses from setting up shop:
Such findings have given the state a national reputation as inhospitable to industry. In 2007, the Small Business and Entrepreneurship Council rated New Jersey last among states to foster small-scale operations. This year, the nonpartisan Tax Foundation said the state was second to last on its tax-climate index.
So what's an economically stagnating state to do? Here's some sound advice:
"It is not about the broader economy. It is about the poor choices New Jersey has made," said Philip Kirschner, president of the business association...
"As for legislation and policy reform, he said, New Jersey could adopt other states' successful models.
"North Carolina's economy, for instance, grew from agriculture and manufacturing to include tourism, technology and finance, some well-served by research universities. Unlike New Jersey, it is a Right to Rork state - in which union membership is not compulsory..."
Surprise, surprise! Incidentally, here's CNBC's recent ranking of "America's Top States for Businesses" in the workforce category. What do the leading states all have in common? Every one is a member of the Right to Work club.
Of course -- first and foremost -- Right to Work is about employee freedom in the workplace, but much to the chagrin of union bosses, rolling back coercive union power has undeniable economic benefits as well.