[BobNJ1960]

I know many more which will likely follow Forum (some via personally obtained info I can't reveal here), and bear in mind, when it goes, its likely just ten staff follow in management. 143 FIRED. There are 2 local industrials also likely to either downsize tons, or relo IMO, in the next few years.

I also notice Bigelow now has multiple locations. Louisville, Ky seems to have grown tremendously. Nice central location.. They will also likely be hit hard by this massive GOVERNMENT cost increase. Business columns have alluded to them, a few times, in that regard.

Its not like low wage folks have tons of options. I was reminded of that as I just picked up a few items at dying stores near me. I passed and stopped at Bob's Milford mall, OMG, one entire side near old Shop Rite has 4 vacancies in a tiny mall. Ct Post gave up on retail near Sears (LA Fitness, Dave & Busters, painting restaurant, …). I can't blame them. A relatives retail chain had a buyout offer, which no one took, as they properly feared not finding another retail job. That was even before this news struck. Fortunately, I advised her when her store closes, go to DoorDash or GrubHub to work. NOT retail in this region.

Online such as Amazon loves what Ct did, btw.

[BobNJ1960]

Originally Posted by kidyankee764

Again, re: income, the percentage higher it is over the national median is the same difference in cost of living. It’s nice to say CT has a high income, but when you dig a bit deeper, you see that it’s no different than most states when adjusted properly.

correct

[BobNJ1960]

Originally Posted by beerbeer

Stanley Black & Decker picks Texas for new manufacturing plant.

Connecticut company didn't even really consider putting a new plant in Connecticut. The choice was between Texas and taxes.
https://www.courant.com/politics/hc-...lme-story.html

Stanley Black & Decker , no doubt, relishes this decision even more after the Ct massive minimum wage hike.

Great company. Great products.

[JayCT]

Originally Posted by kidyankee764

Again, re: income, the percentage higher it is over the national median is the same difference in cost of living. It’s nice to say CT has a high income, but when you dig a bit deeper, you see that it’s no different than most states when adjusted properly.

Not according to an analysis completed by the Tax Foundation. When income is adjusted for cost of living, Connecticut ranks 4th in disposable income. A more recent Money analysis shows similar results. That is darn good when you consider how expensive Fairfield County can be. Jay

https://taxfoundation.org/new-state-...e-differences/


Average Income and Cost of Living in Every State | Money

[kidyankee764]

Originally Posted by JayCT

Not according to an analysis completed by the Tax Foundation. When income is adjusted for cost of living, Connecticut ranks 4th in disposable income. A more recent Money analysis shows similar results. That is darn good when you consider how expensive Fairfield County can be. Jay

https://taxfoundation.org/new-state-...e-differences/


Average Income and Cost of Living in Every State | Money

Wasn’t the tax foundation the same website you discounted previously in this thread?

[BobNJ1960]

Kidyankee764,

It was a different thread, specifically one labeled "Connecticut now has highest property taxes in nation", that I suspect you are recalling. IMPRESSIVE memory, as the posts there happened last November.

[kidyankee764]

Originally Posted by BobNJ1960

Kidyankee764,

It was a different thread, specifically one labeled "Connecticut now has highest property taxes in nation", that I suspect you are recalling. IMPRESSIVE memory, as the posts there happened last November.

That’s right. That website was discounted as being inaccurate at best.

CT’s income, by almost every source, is the same percentage above the national median as the cost of living: fact.

[JayCT]

Originally Posted by kidyankee764

Wasn’t the tax foundation the same website you discounted previously in this thread?

I questioned the methodology they used for ranking state taxes and gave a different ranking that had different conclusions and said why theirs was flawed. You seem to believe what they say which is why I posted it. I also posted a second more recent source that says basically the same thing. Here it is again in case you missed it. . Jay

Average Income and Cost of Living in Every State | Money

[JayCT]

Originally Posted by kidyankee764

That’s right. That website was discounted as being inaccurate at best.

CT’s income, by almost every source, is the same percentage above the national median as the cost of living: fact.

Please post an independent source for this fact because the sources I posted say otherwise. Jay

[kidyankee764]

Originally Posted by JayCT

Please post an independent source for this fact because the sources I posted say otherwise. Jay

There’s really not a source. You have to take it upon yourself to look up the statistics.

According to Sperling (which is similar to other sources), the New Haven metro cost of living index is 15% higher than the US average (114.5 vs 100).

According to DataUsa, the New Haven metro has a median household income of $66,800, vs $58,000 USA average.

The cost of living difference is 15%. The income difference is 14%. The proof is in the numbers - which says CT’s “high” income is driven by higher salaries due to cost of living, and adjusted, isn’t much different than most states.