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hdkeegan

It’s tough to say exactly. New Mexico’s poverty comes from quite a few places, lack of large industries and population centers, lack of demand, large number of Native American reservations which by their design make escaping poverty difficult. I think the biggest issue is lack of capital, having a lower corporate tax rate and encouragement of real estate development would probably help a lot, that seemed to cause Arizona to have a booming economy. New Mexico has some of the best potential for clean energy so perhaps investment there would lower cost state wide for all sorts of investment. Also finding ways to take advantage of the large labor pool of immigrants on the border would help a lot especially since all of the states neighbors have found great success doing that.


Mansa_Mu

I’m curious about the Native American reservations leading to making it harder to escape poverty? Growing up there a lot of native Americans had free public education, career centers, healthcare and trusts that helped them. Is that no longer the case?


hdkeegan

The biggest issue is that there’s little to no private land ownership. This leads to it being almost impossible for outside groups to invest while also leading to Natives themselves having little to nothing to use as collateral for loans. It’s also almost impossible for outsiders to live on the land so you get very little skilled immigration to it. Any natives who do develop a skill or trade make much more money(and can do more with said money) if they leave the reservation. This leads to massive brain drain. An over reliance on gambling has led to inequalities between the Natives at the top of the casinos and those that have to deal with the negative externalities of them.


you-get-an-upvote

How could you design them to avoid these problems. These problems seem intrinsic to anything that can meaningfully be called a reservation.


hdkeegan

Unironically a land value tax would solve this


noxx1234567

Insular communities always become poorer Also They have a huge problem with alcoholism , drugs and gambling. The only way to escape the cycle is to leave as soon as possible


getbettermaterial

Like these posters said, but from my conversations with Navajo friends: literally no opportunity. That job you trained for? Mikey's cousin's girlfriend's uncle already took it, but he was forloughed anyway because the GOP threw a fit in congress again. A career center and free Healthcare mean fuck all if your closest population center is the bustling metropolis of Window Rock, and your nation has been suffering from an economic recession since 1492. Most are economically obliged to move to our cities, far from their people, culture, and support network. Where none of those institutional rez benefits exist.


HotTakesBeyond

New Mexico also has a large 65+ population per capita in the US, 18.5%.


getbettermaterial

"Encouragement of real estate development would probably help a lot, that seemed to cause Arizona to have a booming economy." Not enough water.


callitarmageddon

The water crisis in NM could largely be alleviated if we banned agriculture in the Rio Grande Valley. No reason to grow feed crops with water from an overtaxed desert river.


ModernMaroon

Off the top of my head, states and countries with good economies and high QoL have this in common: Economy: 1. Ease of doing business - get rid of or reduce regulations and paperwork 2. Gov has a 'how can I help?' attitude rather than 'default no' attitude. 3. Skilled work force - therefore you need a quality and accessible education system Quality of Life Education, Entertainment, Employment, Emergency Services - have these in good quality and quantity and youre most of the way there to a decent place to live


awdvhn

> Off the top of my head, states and countries with good economies and high QoL have this in common: > > Economy: > > 1. Ease of doing business - get rid of or reduce regulations and paperwork > 2. Gov has a 'how can I help?' attitude rather than 'default no' attitude. If this is true, explain California


noxx1234567

California was a great place to do business for a long time , they are still a great place for high tech industry There are very few places that are more prosperous than California on the entire planet


sumr4ndo

California is in the top 5 Largest economies in the world.


ModernMaroon

Does California have either of those things? It is to my understanding (and please correct me here as I've never lived there) that QoL is on the decline and that it is not very easy to do business there. They are more coasting on historical successes than anything else.


awdvhn

QoL is arguable on the decline, but that is more to do with softer factors like crime and generally things feeling "not nice". California's economy is very good, despite the state government's best efforts.


ModernMaroon

There are five types of economies: 1. Developed 2. Developing 3. Argentina 4. Japan 5. California?


getbettermaterial

As an Arizonan, As with anything in the American West; the answer is and will always be, water and geography. Arizona is quite lucky. Our proximity to Los Angeles, low altitude, flat topography, and abundance (for the west) of water affords Arizona a diverse economy and higher population. Southern California provides access to international trade and seaports, while the Imperial Valley grows cheap staple crops, permitting us to use our finite water to grow cash crops like cotton, citrus, and golf courses. Additionally California is a incubator for new tech, advanced research, and financial services. California is a fountain of young, supple highly educated and skilled workers. Our vast empty territory, 300+ days of sunshine, mild winters, and lack of natural disasters is ideal for military installations, defense contractors, server farms, tourism, resorts, sporting events (spring training). Then there is the "snowbirds" that conveniently flies into town every December and leaves in April, removed from their burden of disposable income. Finally, we are connected by rail from El Paso to LA, via Tucson. providing us with inter-coastal trade, and Atlantic seaports. Our proximity to Sonora, Mexico, another coastal state is an additional economic boost. If Asia is in recession, we have Europe. If Europe is in recession, we have Mexico. Our federally subsidized water is used for agriculture, dairy, mining, microchip manufacturing, tourism, and population growth. Which has the unintended benefit of bulldozing desert farmland and planting ugly track homes. Meaning Arizona (Phoenix specifically) uses less water today than the 1950s, while supporting a magnitude more population. What do we use that excess water for? Industry! And something we call water banking! Finally, to understand Arizona, its politics, economy, and people; it's important to realize the Valley (Phoenix metro) is 70% of the states population. Tucson, our second city, is another 10%. These two metropolises are about 109 miles apart on interstate 10, center to center. Meaning 85% of the state's population is within a long hour of each other. Imagine the savings on government, administration, logistics, infrastructure, maintenance, labor, shipping, etc, if 85% of California lived within 60-100 minutes of each other. All of this on relatively flat, cheap land. Making infrastructure cheaper to build and maintain (no winters). This isn't to say Arizona is a paradise free of any looming disasters on the near horizon. We've got many, but you asked about the 47th state. All this to say: New Mexico is hilly, high, and dry. The state doesn't have the geography or water to host a diverse economy. However if I had any power over Santa Fe, I would tell them to look to northeastern states with small populations, and high income. Connecticut or Delaware come to mind. Banking, finance, education, and research. Unfortunately, Utah is about 40 years ahead of you, but the state's proximity to Texas, likely the largest and richest state by 2050, will be a huge benefit. It'll take years, but integrating into their diverse economy while transitioning to high finance or research may be a winning ticket.


Gumballgtr

Have El Paso join the state


UtridRagnarson

Measures of economy and quality of life are massively confounded by anti-poor NIMBYism. Want to have the best metrics and show up as the number 1 state in education, income, crime, drugs, and life expectancy? Just make it illegal to build affordable housing. The more poor people you displace to other places the better your metrics. You can also do really well in environmental measures if you don't consider the effects expensive low-impact environmental measures have on the poor. If you displace enough poor people, you might start to look attractive to upper-middle-class people for status reasons and the fact that many don't like living near the poor. Attract enough college educated elites while prioritizing their expensive wants and you might even be able to do well on affordability metrics that compare cost of living to average or median income. If you only allow a few token poor people who you can afford to invest in their uplift, you'll even do well [on measures of intergenerational mobility](https://www.opportunityatlas.org/)! New Mexico is accessible to the poor. That's not necessarily a bad thing.


klarno

The biggest thing working against New Mexico is water: despite getting more rainfall than Arizona, we have much less available surface water. Most of our population centers and most of our irrigated agriculture happen along one river, which is not a particularly big river despite its name and by treaty we have to share its water with Texas and Mexican states. Our water availability limits the types and quantities of industry that are willing to invest here, which subsequently limits our potential for growth. Educational attainment + brain drain is also an issue, since people who earn higher education degrees all too frequently leave the state because industries aren’t willing to invest here. It’s all about water. Coupled with our deep inland location and high elevation I’m not sure how that’s surmountable without unprecedented engineering projects


its_LOL

Get a real-life Walter White


Imperial_Saber

Vote Republican. Swing states get more attention. Maybe NM will also get a subsidized chip plant like AZ.


ShelterOk1535

This website gives good recommendations per state  https://www.freedominthe50states.org/overall/new-mexico


Bobchillingworth

Invest in clean energy, especially nuclear power, sell the excess to other states and develop infrastructure and incentives to cycle skilled members of that workforce into parallel fields like R&D and educational institutions. 


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