SA - Second in per capita income growth 2000 in Texas

[sirkingwilliam]

http://www.bizjournals.com/specials/pages/92.html

Both numerically and percentage (13.6%) from 2000-2005 which is second only to Houston.

[JAM]

Originally Posted by sirkingwilliam

http://www.bizjournals.com/specials/pages/92.html

Both numerically and percentage (13.6%) from 2000-2005 which is second only to Houston.

Actually 3rd - don't forget about El Paso. Interesting stats.

[M1EK]

More of a case of "if you start real low, it's easier to grow quicker", as you can see from the detailed stats, in which SA is still far below par in per-capita income:

http://www.bizjournals.com/specials/pages/93.html

[sirkingwilliam]

Originally Posted by M1EK

More of a case of "if you start real low, it's easier to grow quicker", as you can see from the detailed stats, in which SA is still far below par in per-capita income:

http://www.bizjournals.com/specials/pages/93.html

How exactly does that change the raw growth?

[trafficdogn]

Originally Posted by sirkingwilliam

How exactly does that change the raw growth?

In nature, growth rates have a limit.

Ie. when there isn't that many fish in the pond there is a lot of water and food. The more fish there is, there is less food and growth slows.

[sirkingwilliam]

I don't understand the metaphor, it would seem to me that in a metro of 2 million a 13 percent growth in per capita income is a good thing.

[JAM]

tI've always thought about being a math/science teacher when I retire. Let me see if I'm up to the job.

14% of $1.00 is .14 cents

14% of $10,000 is $1400

Assume Johnny can only increase his income by .14 cents per day.

If Johnny was making $1 per year, it takes him 1 day to gain 14% in income.

If Johnny was making $10,000 per year, it would take him $1400/.14 = 10,000 days to increase his income to 11400 per year. In other words, 10,000 day times .14 cents per day = $1400.

[austlar1]

Originally Posted by JAM

tI've always thought about being a math/science teacher when I retire. Let me see if I'm up to the job.

14% of $1.00 is .14 cents

14% of $10,000 is $1400

Assume Johnny can only increase his income by .14 cents per day.

If Johnny was making $1 per year, it takes him 1 day to gain 14% in income.

If Johnny was making $10,000 per year, it would take him $1400/.14 = 10,000 days to increase his income to 11400 per year. In other words, 10,000 day times .14 cents per day = $1400.

Good job, JAM

[sirkingwilliam]

So SA's per capita income growth is to be ignored and is irrelevant because it was slightly lower than the rest? I'm seriously confused because I'd take it as a positive.

[vertex]

SA would have to seriously increase this rate of growth if it stands to remain an easy place to live with a low cost of living (let's assume that this is currently the case). Right now, you are barely keeping up with inflation. God forbid if the local real estate market starts to take off, then you folks are in some trouble.

[sirkingwilliam]

Let me clarify that I understand the concept of what you guys are saying, no mathematical lesson was needed, my puzzled confusion was in the fact that it seemed some were putting a negative light on the growth when I feel it's something that should be cheered.