Thursday, April 16, 2009
The Dirty Little Secret about NJ, Heavy Industry and Wages
Last week the BCT reported that Colorite Specialty Resins located next door in Burlington Twp will be closing.
Last December, the BCT reported on the closing of the Griffin Pipe Products Co. Florence Plant and the decision by Hoeganaes Corp. to shut down industrial operations at their Cinnaminson Plant.
In November 2007 US Pipe announced the closing of their Burlington City Plant and the loss of 180 jobs.
Recently the C.E. Glass, Ltd. glass plant was closed and demolished in Cinnaminson, as well as several chemical plants in Burlington Twp/Florence.
Have you noticed a trend that has taken place in our state? Can you name any heavy industry/manufacturing plants left in Burlington County?
The jobs that were lost with the closing of these plants, were higher paying then the warehouse jobs recently created with the new warehouses that have been built.
Why does this business/job loss matter to you and what is the cause?
The towns that these business were located, are going to receive far less in property taxes, causing the residential taxpayer to make up the difference. The same goes for the County. So all of the taxpayers in Burlington County suffer. The loss of jobs means that your neighbors who worked for those companies that have closed or moved, had to move or take lower paying jobs in order to remain. This effects the stability of our neighborhoods and our property values.
The politicians are always ready to take credit for the new jobs being created with the building of all the new warehouses, but not for the loss of manufacturing jobs due to the closing of the factories because of the laws and taxes they (politicians) placed on those industries that provided the high paying jobs that used to exist in NJ.
The results of this loss in high paying jobs has impacted the Income Tax receipts received by NJ and is one of the reasons the state is broke.
If this state doesn't work to make it easier for companies to do business here, then we will see a continuing exodus of good jobs from NJ. The new unskilled jobs created by the numerous new warehouse industrial parks, might be good for all of the new immigrants, both legal and illegal, but not for the skilled labor force that currently live here. Could this be why NJ is losing population?
When the politicians passed the 'millionaires tax' several years ago what happened, the millionaires moved out of the state and the state received less taxes from that group then they (state) did before the tax was passed.
Do you think all the Federal Stimulus Money to be received by NJ, is going to change the actions of our Trenton Politicians? This reporter doesn't think so. All of the new taxes adopted during the past five years hasn't changed the financial situation in Trenton and the politicians will continue to do the same things that has caused our state to lose businesses and well paying jobs.
You would think that the results of their past decisions would cause them to change their ways, but don't hold your breath., it looks like they will continue to pass laws and taxes that will chase the remaining companies and jobs elsewhere.
I hope you checked yesterday (April 15 Tax Day), the amount paid in NJ taxes last year, but know this, what shows on your income tax doesn't reflect the sales taxes and user fees that you paid to the state last year.
To see the loss and damage done to our state by NJ politicians, just ride around the old industrial areas of Trenton, Camden, Newark and our own county. You will be amazed and should get the scope of the loss our state has experienced over the past decade. It is of epic proportions.
The Edgewater Park Reporter