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After World War II, national defense provided the biggest economic boost. But today, the rural areas farthest from the metro areas struggle under century-old burdens of limited educational opportunities and substandard infrastructure, among other challenges. Those rural counties near cities or with natural amenities have tended to hold their own.
Rural counties are plagued by what the U.S. Department of Agriculture calls “persistent poverty.” Residents of rural areas “earn substantially less” than metro residents.
Sound broadly familiar? It should.
But if this summary of rural economic problems doesn’t quite sound like New Mexico, that’s because the description is of Florida, Georgia, Alabama and parts of three other states, the territory served by the Federal Reserve Bank of Atlanta. The description is in “Wanted: Jobs 2.0 in the Rural Southeast,” in the current issue of EconSouth, a publication of the Atlanta Fed (frbatlanta.org).
For New Mexico the article provides a useful summary, the type of overview we seldom get. It is close enough, overall, to provide insight, allowing for differences. With our double dip recession in place, we should take insight where we can find it.
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