Texas seeing migration from California, New York
W. Michael Cox, director of the William J. O'Neil Center for Global Markets and Freedom at SMU's Cox School of Business, talks about why Texas continues to draw businesses and workers from other states.
By Candace Carlisle
Texas has seen a migration of businesses and workers from other states, including California and New York, adding more people than any other state in the country.
That trend should continue with Texas' favorable business climate, said W. Michael Cox, director of the William J. O'Neil Center for Global Markets and Freedom at Southern Methodist University.
The right-to-work laws, no personal income taxes and housing prices are some of the top reasons for that migration, said Cox, who was the featured economic speaker at Thursday morning's fifth annual Economic Forecast Breakfast.
Every six years, a million people move to Texas, prompting an economic boost in Dallas, which is one of the state's major migration magnets, Cox said.
And if Texas figures out a way to improve its public school system ratings, such as those for the Dallas Independent School District, migration would continue to improve, he said....