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North Carolina’s ‘bathroom bill’ to cost state more than $3.7 billion, AP finds

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AnneK:
North Carolina’s ‘bathroom bill’ to cost state more than $3.7 billion, AP finds

"The Associated Press analysis — compiled through interviews and public records requests — represents the largest reckoning yet of how much the law could cost the state."

https://www.thestar.com/business/2017/03/27/north-carolinas-bathroom-bill-to-cost-state-more-than-37-billion-ap-finds.html

The Star/by Emery P Dalesio &  Jonathan Drew   03/277/2017

Gertrude:
Let's hope they feel it every November.


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annaqnguyen:

--- Quote from: AnneK on March 27, 2017, 10:41:51 am ---North Carolina’s ‘bathroom bill’ to cost state more than $3.7 billion, AP finds

"The Associated Press analysis — compiled through interviews and public records requests — represents the largest reckoning yet of how much the law could cost the state."

https://www.thestar.com/business/2017/03/27/north-carolinas-bathroom-bill-to-cost-state-more-than-37-billion-ap-finds.html

The Star/by Emery P Dalesio &  Jonathan Drew   03/277/2017

--- End quote ---
I would like to point out that this is $3.7B "over a dozen years" i.e. about $310M per year.  Granted, it's difficult to accurately gauge the actual loss since some or much of it could be from sports events and conventions which have long lead time and the actual loss may not have fully materialized yet.  Also, the damage to the state's image is intangible and almost impossible to gauge.  However, the GDP of NC is about $399B. The loss cited is less than one tenth of one percent.  It's almost a rounding error.  It makes for a good sound bite, but that's about all it's good for.  In our fight against Texas' bathroom bills, SB6 and HB1899, I steer away from using the economic argument for that very reason.

Gertrude:

--- Quote from: annaqnguyen on May 07, 2017, 01:20:32 pm ---I would like to point out that this is $3.7B "over a dozen years" i.e. about $310M per year.  Granted, it's difficult to accurately gauge the actual loss since some or much of it could be from sports events and conventions which have long lead time and the actual loss may not have fully materialized yet.  Also, the damage to the state's image is intangible and almost impossible to gauge.  However, the GDP of NC is about $399B. The loss cited is less than one tenth of one percent.  It's almost a rounding error.  It makes for a good sound bite, but that's about all it's good for.  In our fight against Texas' bathroom bills, SB6 and HB1899, I steer away from using the economic argument for that very reason.

--- End quote ---

Regardless, they modified their stance. It's too bad that the boycotters didn't hold out for more.

Here is a more recent stat on NC:
https://www.bea.gov/regional/bearfacts/pdf.cfm?fips=37000&areatype=STATE&geotype=3





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IdontEven:

--- Quote from: annaqnguyen on May 07, 2017, 01:20:32 pm ---It makes for a good sound bite, but that's about all it's good for.  In our fight against Texas' bathroom bills, SB6 and HB1899, I steer away from using the economic argument for that very reason.

--- End quote ---

It seems to me, and I could be wrong, that good sound bites and appeals to emotion are the way to go - especially when what you're saying is factually correct, AND has the benefit of sounding good, in an easy to digest little factoid.

That sort of thing is how public opinion seems to be swayed - when you have easy to remember "facts" that can be clung to and regurgitated by the mildly informed. Intellectual rebuttals of easily disproved talking points and complex, nuanced truth-telling DOES NOT WORK.

I'm sure you've got a way better understanding of all this than I do, however, this is simply my observation.

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