Georgia, home to Fortune 500 heavyweights such as Home Depot, UPS, and Coca-Cola, had the highest unemployment rate in the nation in August, September, and October. With a November rate of 7.2 percent, the state was narrowly edged out by Mississippi’s 7.3 percent  (December statistics won’t come out until mid-January).


But those who follow the state’s economy say the state’s troubling economic figures are directly related to Georgia’s attempts to paint itself as a good state for corporations.

“This is what a state looks like when you have a hands-off, laissez-faire approach to the economy,” said Michael Wald, a former Bureau of Labor Statistics economist in Atlanta. “Georgia is basically a low-wage, low-tax, low-service state, that’s the approach they’ve been taking for a very long time.”


4 thoughts on “What’s Wrong With Georgia?

        • The idea that full employment depends upon the success of large corporations is a commonly-held myth. To some degree, the opposite is true. Most of the employment gains since the Great Recession have come from small businesses. In this new global economy, corporations become large by gobbling-up smaller firms to eliminate their competition and then implementing cost-cutting measures to reduce their overhead in order to increase profits. This business model is known euphemistically as “increased efficiency/productivity,” but it has the effect of lowering the number of workers required to perform a job.


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