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Driving Recovery: 2020 Vision for Connecticut

Author

Listed:
  • Peter Gunther
  • Fred Carstensen

Abstract

No only has Connecticut failed to create net new jobs, the overall quality of jobs in the economy has steadily deteriorated, with high-skill, high?wage jobs shrinking, replaced broadly with low-skill, low-wage jobs. Large employers often play a critical role; such firms, based or operating in Connecticut, can chose to consolidate or expand operations in Connecticut or elsewhere. Thus Connecticut development policy should seek to retain and expand operations of companies already in the state, while attracting others to locate here. The immediate objective must be to preserve the base of economic activity and employment, and then to build a new vibrancy to assure future competitiveness.

Suggested Citation

  • Peter Gunther & Fred Carstensen, 2010. "Driving Recovery: 2020 Vision for Connecticut," CCEA Studies 2010-March-01, University of Connecticut, Connecticut Center for Economic Analysis.
    • Handle: RePEc:uct:cceast:2010-mar-01
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    File URL: http://ccea.uconn.edu/studies/Driving-Recovery-Report.pdf
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    More about this item

    Keywords

    jobs; employment; economy policy.;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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