Even if one were to wave a magic wand and make these business-friendly changes, it’s way too late. NJ is operating in a state of virtual bankruptcy and servicing its debt is beyond anything changes like these could address. The world is changing, and location is no longer an issue. Businesses can be anywhere now and will always seek the lowest possible cost in terms of employees and real estate. It’s hard keeping anything in the USA, even in its lowest cost areas, when these businesses (or really competing businesses) can operate in places in China, the Philippines, India, etc. If NJ didn’t have such a massive debt load, it could probably ride this transition for many years, but we do have it, and the can is only kickable for so long until financial reality kicks in.
