(Guest Post by Matthew Ladner)
The Business Journals has some rather startling numbers on the past decade in private sector job growth.
Yes it has been an unusual decade with lots of private sector job destruction, and you could come up with a few other caveats, but this is looking like the 1970s all over again: the rest of the country is in the tank while Texas booms. This didn’t end well for Texas in the 1980s, when an oil bust led to an S&L/Real Estate collapse that spun Texas into a deep recession while most of the rest of the country recovered.
That said, that’s a mighty impressive chart for Texas residents, depressing for the rest of us.