The Dems shut down the government because of the ongoing immigration impasse. Only for a couple of days, sure. But it’s THAT big of an issue across the political spectrum right now.
Trump wants a wall. Trump wants the Dreamers out. Trump even wants to put an end to legal family immigration practices, where new U.S. citizens get to sponsor green card applications for their family.
Trump’s an idiot. (Hey, you may not like to hear me say that, but we’re all entitled to our opinions.) He’s oblivious to the negative impacts his isolationist tactics could have on future growth and prosperity in the U.S.
Of course, he’s the President, and he’s fighting a battle he believes his followers want him to fight. The question is, can the U.S. afford to curb immigration? To answer that question, we first have to look at our own population and migration patterns.
Although the U.S. population grew 2.2 million in 2017, or about 0.7 percent (a number that will decline ahead), the population growth is very different across the 50 states.
Look at this map. It shows the natural population growth by births over deaths per 1,000 residents to see which states are doing the best.
This indicator is the best for showing longer-term growth beyond immigration and migration trends, which can change (something I’ll talk about another day).
The shades of green show higher growth while the shades of orange show lower growth or even a decline in a few states.
Guess who comes in first with the highest birth rates?
Utah, with its Mormons! Its population growth rate is at 11.5 percent. Utah is the youngest state in the U.S., which bodes well for its future growth demographically.
The large state with the highest long-term growth rates is Texas (7.5 percent), with its mix of higher births, high immigration, and high migration from other states—it hits on all cylinders!
California is the other large state with high natural growth rates due to foreign immigration.
Then comes Georgia, Washington State, and Virginia.
But Florida is the surprising loser here at a mere 1.1 percent growth. That’s not surprising. It’s the retirement capital of America and has a lot of older people, despite strong migration and immigration trends.
The northeastern states are losing the most, like Maine (-0.90 percent), Vermont, Maine, New Hampshire, and Pennsylvania. The worst, of course, is West Virginia (-1.70 percent).
This table shows the top 10 and bottom 10 stats on natural population growth from births over death rates.
Where do you want to live or do business?
My vote is for Texas, which has four major cities with different lifestyles (my favorite is Austin where our next Irrational Economic Summit will take place in October). It’s has a zero state-income tax to boot!
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
(Featured image via DepositPhotos)
Before investing in crowdfunding, be aware of the structure surrounding the platforms
Although the crowdfunding ecosystem is diverse and opens the door for those who want to start investing, it also requires...
Legalization trend drives cannabis ETFs to significantly grow
More and more US states are legalizing the use of cannabis. The trend around the plant is not only boosting...
VB Devices closes a €1.1 million round to consolidate its market entry
The operation of the Spanish startup VB Devices has raised more than $488,000 (€400,000) between new investors and current partners...
ESMA now wants to regulate ESG rating agencies
ESMA focuses on two “pain points” with regard to ESG ratings. On the one hand, it calls for minimum regulatory...
Bitcoin whale alert: major investors dump large amounts of BTC
Bitcoin whales have sold off larger amounts of Bitcoin (BTC) this month, according to the latest data from aggregator Glassnode....
Business6 days ago
One eye on the future, another on the past— LODE is solving the gold and silver liquidity problem
Featured6 days ago
Amundi will pay managers based on ESG returns
Business6 days ago
The markets continued their relentless climb with new all-time highs once again
Crowdfunding5 days ago
How can private banking support the crowdfunding sector