ActionfigureJoe Posted February 24, 2019 Share Posted February 24, 2019 The trump economy is way better for big city dwellers. City dwellers really do have it much better than rural inhabitants, at least when it comes to job opportunities in the 21st century. After looking at who’s working in urban and rural areas, the Federal Reserve found that the labor market began to recover earlier and improve much faster in cities than in the countryside. While there’s always been a gap, it’s become more severe during the current expansion The yawning gap between city and country is most glaring in what’s known as the labor force participation rate. That is, the percentage of the working-age population that either has a job or is looking for one. Let’s start with urbanites. The percentage of prime-aged (25-54-year-old) residents who were working or looking for work climbed to 83% at the end of 2018 and finally topped the pre-recession average. By contrast, the participation rate for prime-aged rural Americans has recovered more slowly and is still under 80%. The rate had fallen to as low as 78.5% in the wake of the recession. Why such as divide? The chief reason appears to be the long and ongoing shift in the economy from one based on manufacturing to one based on services, a process that began decades ago. In modern times manufacturing has accounted for a bigger slice of rural jobs compared to service industries like finance, health care, technology and the like. Yet until 2017 the recovery in manufacturing employment was slow and halting. “Despite the strength in the past two years, the share of total employment in manufacturing has remained near its post-recession low,” the Fed concluded. Federal Reserve Chairman Jerome Powell discussed rural poverty in a recent speech. “In Appalachia for instance, timber, coal mining, tobacco, and textiles have long been in decline,” he said. “Likewise, the number of jobs in agriculture and low-skilled manufacturing, mainstays of the Delta’s economy, is decreasing as a result of automation and outsourcing.” Read: The rise of the robots and decline of inflation: How AI is keeping prices low The same cannot be said for service-oriented jobs. They’ve been on a tear, especially in areas such as white-collar employment and health care that tend to require greater education. Education levels tend to be higher in large metros where most service companies concentrate. It’s long been the case that lower levels of education in small-town America have contributed to the persistent urban-rural divide in the labor force. Yet education disparities do not explain why problem has become worse. The Fed, for example said the percentage of well-educated people in the labor force used to be higher in rural areas than in urban ones, “but that is no longer so.” The central bank said the shift in fortunes offers more proof that broader trends in the economy are mainly responsible. Read: Business investment dries up after Trump tariff tiff with China, global woes, shutdown In the past, Americans with declining job prospects in rural areas would usually migrate to the country’s population centers. Yet the Fed said the evidence suggests people have become far less willing to uproot in recent decades. What has become of them? The Fed said “many rural workers who’ve experienced a permanent job loss, perhaps due to a factory closing, decided to eventually exit the labor force rather than continue their job search.” That’s also exerted downward pressure on the size of the rural labor force Others appear to have applied for disability benefits. The Fed said the a bigger share of rural residents sought and received disability payments over the past decade compared to urban inhabitants. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted February 24, 2019 Share Posted February 24, 2019 How did Trump do this? City’s always have more job growth. Do you read your own cut and pasted first? Another night at home all alone, eh? Meh...slip on some “Perfect Circle” garage band trash and go cry. 1 Quote Link to comment Share on other sites More sharing options...
hayward Posted February 24, 2019 Share Posted February 24, 2019 I don't care that they make more in the city than me, I just wish they'd stay the fuck there and not come out here at all. 1 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 24, 2019 Author Share Posted February 24, 2019 Brilliant responses. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted February 24, 2019 Share Posted February 24, 2019 6 minutes ago, ActionfigureJoe said: Brilliant responses. You are just here to try and spread your misery. Stop pretending you want debate. 1 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 24, 2019 Author Share Posted February 24, 2019 4 minutes ago, Zambroski said: You are just here to try and spread your misery. Stop pretending you want debate. So you’re drawing funny faces on your cock and babbling to baby Jesus again. Got it. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted February 24, 2019 Share Posted February 24, 2019 1 minute ago, ActionfigureJoe said: So you’re drawing funny faces on your cock and babbling to baby Jesus again. Got it. Yup. And you’re not. Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted February 24, 2019 Share Posted February 24, 2019 3 hours ago, hayward said: I don't care that they make more in the city than me, I just wish they'd stay the fuck there and not come out here at all. Or at least when they are out here in the sticks and corn stalks, not look down on us. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted February 24, 2019 Platinum Contributing Member Share Posted February 24, 2019 Good read....too many words and not enough pictures for some here. Quote Link to comment Share on other sites More sharing options...
hayward Posted February 24, 2019 Share Posted February 24, 2019 1 hour ago, Jimmy Snacks said: Good read....too many words and not enough pictures for some here. You really think the "Trump economy" is responsible for the information in the article? I think it's been changing for the past 35 years. Quote Link to comment Share on other sites More sharing options...
Anler Posted February 24, 2019 Share Posted February 24, 2019 (edited) City bad, city scary! Living rural is great if you don't mind being poor or not having alot of opportunities. Edited February 24, 2019 by Anler Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted February 24, 2019 Platinum Contributing Member Share Posted February 24, 2019 17 minutes ago, hayward said: You really think the "Trump economy" is responsible for the information in the article? I think it's been changing for the past 35 years. That was Gregs attempt at being pithy and sarcastic....the article was good. Quote Link to comment Share on other sites More sharing options...
Edmo Posted February 24, 2019 Share Posted February 24, 2019 This is good. Maher says amazon should build that new headquarters in rural America. https://www.realclearpolitics.com/video/2019/02/23/bill_maher_amazon_should_build_new_headquarters_in_middle_america.html Quote Link to comment Share on other sites More sharing options...
hayward Posted February 24, 2019 Share Posted February 24, 2019 1 hour ago, Jimmy Snacks said: That was Gregs attempt at being pithy and sarcastic....the article was good. agreed Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted February 24, 2019 Share Posted February 24, 2019 14 minutes ago, Edmo said: This is good. Maher says amazon should build that new headquarters in rural America. https://www.realclearpolitics.com/video/2019/02/23/bill_maher_amazon_should_build_new_headquarters_in_middle_america.html Sioux Falls. It's already been discovered by the big banks. Growing rapidly, low cost of living, and low taxes. They wouldn't even need tax incentives to move there. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 24, 2019 Author Share Posted February 24, 2019 1 hour ago, Jimmy Snacks said: That was Gregs attempt at being pithy and sarcastic....the article was good. I've never been called pithy before. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted February 24, 2019 Share Posted February 24, 2019 1 hour ago, teamgreen02 said: Sioux Falls. It's already been discovered by the big banks. Growing rapidly, low cost of living, and low taxes. They wouldn't even need tax incentives to move there. tech company employees for the most part want to live in vibrant urban areas. the tech companies aren't choosing the locations that cost them 10x as much because they really want to be there but thats where the talent is and where they want to live. Quote Link to comment Share on other sites More sharing options...
Pete Posted February 24, 2019 Share Posted February 24, 2019 2 hours ago, Anler said: City bad, city scary! Living rural is great if you don't mind being poor or not having alot of opportunities. What a arrogant smug asshole. GFY Quote Link to comment Share on other sites More sharing options...
Anler Posted February 24, 2019 Share Posted February 24, 2019 Just now, Pete said: What a arrogant smug asshole. GFY What a weak little snowflake. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted February 24, 2019 Platinum Contributing Member Share Posted February 24, 2019 Just now, Pete said: What a arrogant smug asshole. GFY Quote Link to comment Share on other sites More sharing options...
Anler Posted February 24, 2019 Share Posted February 24, 2019 22 minutes ago, Jimmy Snacks said: He got triggered quick. He is the only fish I caught with that cast, too. 1 Quote Link to comment Share on other sites More sharing options...
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