Commentary, News

Noted economist: For true ‘Carolina Comeback’ North Carolina must focus on investments (video)

Governor Pat McCrory and other state leaders continue to tout the Carolina Comeback, their name for the economic recovery in the state.

But the numbers tell a different story with workers earning less and many people in rural counties unable to find a job at all.

Economist Jared Bernstein, a Senior Fellow at the Center on Budget and Policy Priorities, was in Raleigh recently to talk about the state and national economy and how policymakers can help struggling families.

“You have to invest in the future. And investing in the future doesn’t just means creating a business climate that business like by cutting their taxes,” explained Bernstein. “Once you start whacking away at your tax base so that you can improve this idea of business climate in the near term, you really risk undermining the ability to drive future productivity in the long term.”

Bernstein joins us this weekend on NC Policy Watch’s News & Views with Chris Fitzsimon.

Click below to hear Bernstein explain why North Carolina’s politicians should spend less time talking about business climate rankings and spend more time focused on public investments.

Check Also

The Week’s Top Five on NC Policy Watch

1. General Assembly-ordered cuts likely to hamper services ...

Top Stories from NCPW

  • News
  • Commentary

When Gov. Roy Cooper visits Wilmington on Monday, it's unlikely that he will be greeted by the [...]

When Gov. Roy Cooper signed the Strengthen Opioid Misuse Prevention or STOP Act into law last month, [...]

Support for needy districts and key positions within North Carolina’s top public school agency may b [...]

Wilmington is bustling this summer. Downtown, horse-drawn carriages take tourists along the riverfro [...]

It’s not an original thought to point out that the Trump Administration is a larger version of what [...]

Why this is not “business as usual” and should not be condoned Sometimes all one can do is stand and [...]

5.0---percentage of overall state spending in the 2017-2018 budget passed by the General Assembly as [...]

The post A legislative addiction appeared first on NC Policy Watch. [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more