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.

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