Wednesday, May 27, 2009

It's The Economy, Stupid

Consider this an Akron version of the old TV game show "Family Feud," complete with host Richard Dawson's famous "survey says....!"

Most of us in Summit County apparently think having a job is pretty important; in fact, more than 46% of the 1,067 adults surveyed by the Center for Marketing and Opinion Research agreed employment is the top issue when it comes to quality of life here, pacing a big increase in all economic issues over the past three years. Taxes and money issues finished a strong second with crime and safety a distant third; education then government/political issues wrap up the top five.

Even with a national and state economy providing plenty of angst, over three quarters of those surveyed by phone still think Summit County is either an excellent or good to live. Fewer than one in twenty four think life stinks.

But again, the economy looms large with less than 16% holding the opinion the local economy is excellent or good, and half of that number thought Summit County offered a positive outlook for finding a job.

What to make of these numbers?

No big surprise but confirmation folks really do pay attention to the pocketbook issues. While the rest of the nation calls what is happening a recession, it's been life in Ohio for years now and provides what should be the biggest wake-up call to political and business leaders. In 2007, more than 21% of those surveyed had some confidence in their ability to find a job in Summit County; that number dipped to 11.3% in 2008 pre-Wall Street bubble burst and is now 8.1%.

Statistically, fewer people think this is a good place to find a job than the number of people on unemployment benefits. That spells big trouble for politicians who talk a good game about creating an environment of opportunity for young people to stay here on graduation. This spiral goes by many names, including "brain drain" which is the latest catch phrase to describe what parents and grandparents have been talking about for decades in describing a future northeast Ohio -- a place where the kids come back for holidays with tales of opportunity found elsewhere.

We are at a point in time where it is tough to find an oasis of opportunity; that used to be the Carolinas, or Las Vegas, or Florida but now those states are hard-hit by the national economy. But when things swing back, as they inevitably do -- remember, every boom has a bust and vice-versa -- will Ohio be better positioned for the recovery or will we still be trapped in that spiral given lip service by the regardless-of-which party leadership?

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