A Touch of Economic Realism for Coral Gables Candidates

The economy of  South Florida, Miami-Dade County and including Coral Gables are not doing well.  Our city may do a little better because of its perverse income distribution (more wealthy who are doing better than others because of a rising stock market), but construction, construction employments, retirement incomes, family consumption should remain daunting for years to come.

It would appear that the city commission and city manager are living in a different world, raising taxes year after year, favoring intransigent labor unions and continuing to spend on superfluous activities.

…what we’re looking at over the next few years, even with pretty good growth, are unemployment rates that not long ago would have been considered catastrophic — because they are. Behind those dry statistics lies a vast landscape of suffering and broken dreams. And the arithmetic says that the suffering will continue as far as the eye can see.

via Deep Hole Economics – NYTimes.com.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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