Bacon jummp1/28/2024 ![]() ![]() The biggest losers in a stagnant economy are the working poor. In large measure that’s because Virginia is falling behind in economic competitiveness. Ironically, the more Virginia’s new ruling class has focused on social justice, the less of it we have gotten. The same priorities can be seen in the media, across higher ed, and, remarkably enough, in some of Virginia’s leading business lobbies. The terms “wealth creation” and “economic prosperity” have dropped out of the vocabulary. For instance, at the University of Virginia the unremitting emphasis is on achieving “social justice” and, secondarily, combating climate change. In the Age of Wokeness, you don’t hear the term “economic competitiveness” much anymore. There was a bipartisan consensus that a rising tide lifts all boats, that the path to prosperity was attracting corporate capital, fostering technological and business innovation, creating jobs, and raising wages. was a primary preoccupation of Virginia governors and lawmakers, both Democratic and Republican. Once upon a time, making the Commonwealth economically competitive globally and within the U.S. But he spent the most time talking about Virginia’s declining economic competitiveness. Governor Glenn Youngkin addressed many topics in his State of the Commonwealth address last week, ranging from the meltdown in K-12 education to the surge in suicides, drug overdoses, and homicides. Governor Glenn Youngkin delivering his State of the Commonwealth address.
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