Forbes ranked Carolina as the fourth best state for business in a recent study — but local economists say it only gives one side of the picture.
The study examines the state economy from the point of view of the employers, not the employees, said Patrick Conway, UNC economics professor.
North Carolina, with no union work force, low employer taxes, high unemployment and low worker wages, is a hotbed for businesses, he said, adding that after he saw what was factored into the study, the rating Forbes gave North Carolina didn’t surprise him.
To calculate the rankings, Forbes’ study incorporated six factors for business including costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.
“North Carolina is one of the nicest places to be as an employer,” Conway said. “These things are in actuality disqualifying our state.”