As we move into the 2014 election season, the public deserves to hear how the New Mexican economy is likely to fare under the leadership of different candidates who want our votes, particularly in respect to the challenges faced in the job market. Those most affected will be young graduates and people over 60.
Jobs are the key to local economic growth as well as to good financial policy. Looking around the Santa Fe real estate market, we see a large inventory of unoccupied big homes that aren’t selling due to the vastly changed market for second residences. This change is due to the shrinking number of well-paid executives who used to think nothing of taking on the added expense of energy-inefficient vacation homes. Real estate agents and politicians may be enthusiastically telling us that the economy has turned around, but my sense is that this is not true for most people in the middle class, who are struggling to make house payments, cover college tuition and save something for retirement.