Wednesday’s Los Alamos Chamber of Commerce Chamber Breakfast speaker Steve McKee spoke about how his strategies for helping “stalled, stuck and stale companies” could be applied to New Mexico’s economic situation.
McKee is president of McKee Wallwork & Company, and author of “When Growth Stalls: How it Happens, Why You’re Stuck & What to do about it.”
McKee laid out his theory of why New Mexico is in such poor economic condition and what should be done about it.
According to McKee, New Mexico is in “a perfect storm of market tectonics” due to three external factors: the economy, changing dynamics and competition.
“We call them market tectonics because, like plate tectonics in the geological world, when the earth shakes, it shakes everybody,” McKee said. “No matter how well built your building it will shake. If it’s built well, it will remain standing. If it’s build poorly, it will fall.”
McKee pointed out that New Mexico’s recovery from the 2007 recession has been slower than other states, and that the state has had the highest unemployment in the nation for two months in a row.
McKee posits that one of the reasons for that is the changing dynamics of the economy.