Economics According to the commerce data available from the San Antonio Economic Development Foundation (SAEDF), the city is the second largest in Texas and seventh largest in the United States; it has a cost of living around 12% lower than the US average - 92.4 on the cost of living index (2015). As cited in the SAEDF report, the Milken Institute rated San Antonio one of the top ten best performing cities; in the same factsheet, CNN Money proclaimed it to be in the top five fastest growing cities. Demographics: As cited in the SAEDF factsheet, Nielsen SiteReports of 2014 stated that 1,416,000 people call San Antonio home; twenty percent identify as white, ~55% Hispanic/Latino, ~7% Black, ~1% American Indian, ~2% Asian, <1% Pacific Islander, ~3.5% more than two races, and ~12% other (2015). The same document notes that English, by a narrow majority, is the primary language – followed by bilingual English/Spanish. Employment: With an unemployment rate of about 3.5 percent, there are 1,018,841 employed persons in San Antonio - the majority work in retail, healthcare and social assistance, hospitality, food service, and government (USDOL 2016; SAEDF 2015). Taxes: In addition to the Texas sales state tax (6.250%), San Antonians pay a city tax of 1.250%, a transit tax of 0.500%, and an advanced transportation district tax of 0.250%, totaling 8.250% in taxes (“Rate Information” n.d.; SAEDF 2015). There is no individual or corporate state income tax.
The Texas population consists of people with a variety of different cultural and racial background. The Texas population seems to be very young with an approximate 27.3 percent of the population being under the age of 18, and about 11.5 percent being over the age of 65 (U.S. Census Bureau, “Texas.”). Factors that increase the Texas population include higher birthrates, lower death rates, as well as immigration from other countries and states. The population is changing from a primarily white population as recorded during the 1990s to a projected primarily Latino population by 2050. However, Latinos were not a considered a separate ethnic group until the 1990s but were counted to the white population which consisted of European whites and the Latinos. The African- American population decreased from over 20 percent during the 1850s to below 20 percent population as of 2015. Asian- Americans are considered the smallest population in Texas at 4.5 percent (The Asian Population,” 2010 Census Briefs). Due to the changing economy and
The two states of Texas and California have vastly different methods of taxation and they also differ in how they spend these taxes collected. In the past, many people packed up and moved out west to California because they saw it as the land of opportunity, but recently, this trend has changed as many individuals and businesses have been moving from California down to Texas. This is a relevant point to discuss because this movement has much to do with how California and Texas both tax their citizens. Texas prefers a regressive tax system, which taxes citizens by letting the taxes fall as the tax base increases, California implements the opposite method through more progressive taxes. While citizens may prefer Texas’s system of limited taxation, this also severely effects what services the government is able to provide to its citizens, which is why I would argue for slightly higher taxes so that Texas can obtain more benefits in the long run.
Residents pay less in taxes than the states that have a state tax. All states must generate revenue and they do so through various taxes including income taxes, sales taxes, and property taxes, just to name a few. (Longley) Texas has a state sales tax rate of 6.25%, but once you add in taxes from counties, cities, transit, and special purpose districts, the tax rate reaches 8.25%. (Texas)
The total number of employees in the district county is 308,480, and these three sectors combined contain 40% of all the employees in the state. The manufacturing sector has about 38,500 people employed making an average of $72,800 yearly, while the retail sector has 39,000 people making an average of $30,000, and lastly, the healthcare sector has about 45,000 people working making an average of $50,121 every year. Another industry that consumes a big chunk of the workforce is accommodations and food services, with the average yearly salary of these employees being only $17,200. Only 19,281 people are considered unemployed which makes the unemployment rate 4.8%, making this district slightly higher than the national unemployment rate of 4.4%. The average household income in the district is $85,060, but the median household income is only $62,214 compared to the US which had an average of $53,657 per household this district is up more than $30,000 the national average. Of all the families that live in this district, 7.8% are considered to be living below the poverty line, and 11.5% of families with a child of the age 18 or below are living below the poverty line. As I stated this district is almost half urban and almost half rural, meaning we will have a good blend of all opinions, backgrounds, jobs, and many other factors that go into the elected officials and the opinion of the district as a
The State of Texas, there are “79.4 % White, 12.8% Black or African American, 1.0% American Indian and Alaska Native, 4.8% Asian, 0.1% Native Hawaiian and Other Pacific Islander, 1.9% Two or More Race, and 38.1% Hispanic or Latino: (Bureau, U.C. (2017)). In the United States the data is “79.9% White, 13.3 % Black, 1.3% American Indian and Alaska Native, 5.7% Asian, 0.2% Native Hawaiian and Other Pacific Islander, 2.6% Two or More Races, and 17.8% Hispanic or Latino” (Bureau, U.C. 2017).
Development in the West did not occur until later in American History. Although the West was seen as a large desert, the West quickly became the target behind the expansionist campaigns of the United States during the 18th century. Many settlers travelled to the West, dreaming of the idea of opportunities. Although factors such as Native Americans, motivations and railroads played a large role in shaping the West, their influence came about only as the result of the inherent economic potential of the region, as well as the incredibly diverse climate which outnumbered all else in the development in the West.
A sizeable portion of Germans immigrated to Texas in the 1840s and 1850s. They built cities such as New Braunfels, Greure, and Fredericksburg. They kept their language and culture for decades. Their impact on culture was widespread, especially in San Antonio, including beer, music, and food.
A study done by the Pew Hispanic Center in 2010 listed more 1.7 million undocumented residents living in the state of Texas. (Tannahill) The population growth rate, whether by legal or illegal means is only one of the issues that has been troubling state law makers and affecting the state’s water plan. The second issue that is affecting Texas’ water is the drought conditions that the state is currently suffering from.
Texas sits on the Mexican border to the United States so some may argue that immigration is an issue in the state. Mostly, it is the Republicans that bring up the cons of immigration, listing safety as a prime example. But, the biggest fear to them should be the voice of the immigrants. Immigration is booming in Texas and it shows no means of slowing down. Texas will become state but it will take some time because it will take sometime for the newer generation of voters to truly understand the importance of civil engagement. Texas has 4 of the 11 major growing cities in the United States as of 2015 where 85% of the growth is concentrated in urban cities. (Will, 1) Houston being one of the major cities is especially important because their population is 69.2% minority. So, when the minorities realize the importance of civil and political engagement, they’ll start to vote and Texas will see the change it so desperately
In 2012, there were about 4.1 million foreign-born inhabitants in Texas. This made up about 15% of the state’s population. Approximately 1.7 million of the foreign-born inhabitants are illegal immigrants. According to the 2010 U.S census, there are several identified races located in Texas. 70.4% of the population was whiter Americans, 11.8% was African American, 3.8% was Asian American, 0.7% was Indian, 0.1% was Current Citizens of Hawaiian or pacific highlander only, 10.5% of the population was of some other races. Hispanics (of any race) were 37.6% of the population of the state, while non-Hispanic whites composed 45.3%.
As of February 2016, Texas unemployment rate had fell 0.1 percentage points to 4.4 percent (1) according to the Bureau of Labor Statistics (BLS). There were 1,011,882 people unemployed in Texas in Septemeber 2009, but now is 436,912 fewer people unemployed. Although the economy is adding more jobs but the unemployment rate is still a problem in Texas. The reason that Texas had higher unemployment rate than the other state because Texas had the most immigrant. The unemployment rate in Texas of African American is 11.4 percent, which “has been well over twice the white rate for much of the last five years” (Gable 2). Also, Hispanic is 7 percent, which is much more than the white unemployment rate of 4.3 percent. The closing down companies and
I’m speaking of cores of Houston, Dallas and San Antonio. There are also city’s such as Austin, Fort Worth and El Paso with populations exceeding over 500,000. Between the years of 2011 and 2012 the city of San Marcos had the highest growth rate in all the united states cities with more than a 50,000 population increases.
The State of Texas has led population growth in the U.S. for several years, and Dallas is one of the fastest growing major U.S. cities. The Dallas-Fort Worth area has seen the greatest population growth in Texas, particularly in the northern suburbs of Allen, Frisco, McKinney and Plano. By 2020, North Texas will have 1-2 million more residents. It 's projected that Latinos will reach 3.6 million in 2020, surpassing the estimated 3.2 million non-Hispanic whites in the area (Texas Population 2020 Projections, 2014). Hispanics will become the largest ethnic group in DFW by 2020 according to population estimates.
Economic systems are organized way in which a state or nation allocates its resources and apportions goods and services in the national community. An economic system is slackly defined as country’s plan for its services, goods produced, and the exact way in which its economic plan is carried out. There are three types of economic systems exist, they are command economy, market economy, and mixed economy. Command economy is also sometimes called planned economy. The expectations of this type of economy is that all major decisions that related to the construction or production, distribution, commodity and service prices are all made by the government. However, in market economy, national and state governments play a
Economic growth is a necessary but not sufficient condition of economic development. There is no single definition that encompasses all the aspects of economic development. The most comprehensive definition perhaps of economic development is the one given by Todaro: ‘Development is not purely an economic phenomenon but rather a multi – dimensional process involving reorganization and re orientation of the entire economic and social system. Development is a process of improving the quality of all human lives with three equally important aspects. These are: 1.