According to the Bureau of Labor Statistics, 214,000 net new jobs were created in the United States from August 2009 to August 2010. Texas created 119,000 jobs during the same period.
By my calculations, during the past year the single state of Texas generated over half of the new jobs in the entire United States, actually just under 56%. Texas has low housing costs, plentiful land, weather you can tolerate, and pro-business state policies. Much of Texas is the opposite of scenic.
Do you remember we used to study Japanese Management because they were doing so well? That proved to be a waste of our time. Now I think we ought to be studying Texas government to see how they are attracting all those jobs. This would not, I think, be a waste of time.
