Jim Powell asked in an eye-opening piece in Forbes magazine 67 months ago, “How Did Rich Connecticut Morph Into One Of America's Worst Performing Economies?"
A partial answer, freighted with supportive data, has now been advanced in a piece commissioned by The Yankee Institute titled “Above the Law: How Government Unions’ Extralegal Privileges Are Harming Public Employees, Taxpayers And The State."
Everyone, both inside and outside the state, is intimately familiar with the bad news most of us have internally affirmed during the past few decades. Consider the rise in the Connecticut’s “fixed costs,” a fixed cost being one that can be reduced only by extraordinary, politically unlikely efforts: “In 2006, fixed costs constituted only 37 percent of the state’s budget; by 2018 that amount was 53 percent.” In 2016, the Census Bureau reported that Connecticut was one of only eight states to lose population. Fixed costs are strangling the state’s economy and pushing taxpayers and workers out of state.