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Why Texas Will Never Replace New York or California
It will take far more than low taxes and a remote-work revolution
Both New York and California lost a Congressional seat earlier this year, thanks to a decline in their respective populations. If people moved out from these states, where did they go? The answer was Florida and Texas were the two states that gained a seat each.
New York lost its seat by an agonizingly small margin of 87 — had there been 87 more residents in the count, NY would have kept its current level. It wasn’t to be.
Of course, in much bigger news, the man who arguably influences more people than any other shifted his headquarters from California to Texas in a move that was sure to make headlines.
Despite the political ramifications of the population shrinkage, and of course, the world’s richest man severing his ties with California in favor of Texas, I strongly believe that this trend is far more temporary than people think it is.
The arguments in favor of a seismic shift of people from New York and California to states like Texas and Florida are rather strong.
- The pandemic has made the world a more “flexible” place to work in and remote work is a real long-term trend that’s here to stay.
