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The Geography Of Jobs: Mapping The Recovery
The current 'boom'in energy production, the hangover from the housing bubble, and the long-term decline in manufacturing employment are combining to shift the employment profile of the US economy. But as Deloitte Unioversity press notes, the national story of slow recovery obscures the more complicated regional picture: As is the case during most business cycles, the pace of recovery has been very uneven among the states. At present, only 16 states plus the District of Columbia have employment rates at least one percent higher than they were prior to the start of the recession. Overall, as the following chart shows, Americans have been struggling to find work, but some states and industries have had an easier time than others.
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I always tip cash, even when I charge. My bro Tyler also destroys Argh Argh Ssss property as often as he can.
new BrosephStiglitz,
It's unreal.
Last week I posted this: “Georgetown Mall: Closed for 4/5 years. Latham Hotel: Closed for 4/5 years. Hotel has a sign “Selling our Furniture.” Adams Morgan: About 1/4, if not more, of the real estate empty (for lease).
And I got a replied that went like this: “Crony capitalism at its best”
And I think that is the best, probably, the most accurate explanation.
Man, if degrees in Biochem and Econ aren't enough to land you a good job, we are pretty screwed. So you need a 3rd degree? Sheesh. By quantitative field what do you mean -- is that another term of "tech"?
I guess work in labs, doing DNA work, etc. is now so routine it has become a low paying field.
It's just a very competitive global labor market right now. Most scientific jobs require a master's and experience minimum. Often a PhD and lots of laboratory hours racked up.
By quantitative I mean applied finance. So yes, programming, mathematics etc. I thought about doing an actuarial science, or econometrics qualification but could not bring myself to go that deep down the theoretical rabbit hole.
R U a trust funder?
No. My parents barely get by themselves.
I did DNA lab work as part of my graduate biology degree. Back then (a mere 12-13 years ago) we had barely progressed beyond toxic gels often with poor results. Couldn't get very long sequences at all. Expensive and time consuming. Now the through put is done at an industrial pace with much easier procedures. Hence, there's probably a glut in those looking for that work -- forensics of one type or another. So I can understand why employers can demand Ph.D. candidates and pay them shit.
"It's just a very competitive global labor market right now. Most scientific jobs require a master's and experience minimum. Often a PhD and lots of laboratory hours racked up."
Only if you choose to work for someone else. Lots of scientific business were started by people with less than a PHd. Rarely do Businesses that outsource lab work ask for an employee resume. One just need to offer a product or service in demand.
Bros & Fudge: for real, not trying to be an asshole, How much are you cats in debt on student loans, if at all? Sincerely curious as someone much older who could always get a decent paying job for the day (80's) and was able to pay for my college education.
Not as bad as some students. I racked up debt on Biochem, did a diploma in economics remotely while working, then saved up in my job and moved to another country where high-quality degrees (taught in English) were about 1/6th of the UK degree system. Fast-tracked Econ. to complete a degree by rolling over the credit from the diploma, and now on master's.
Much better chance of ROI on a self-funded investment. But it required some luck, lots of research and a little out of the box thinking.
A little over $120K. I would still do it all again, and I'm not completely disappointed by that number since the government has a number of more workable repayment plans should you lose your job, but it will still probably take close to 20 years to pay the loans back in their entirety.
I was UK pre-change, so about a $55k equivalent here. Now it is even more expensive.
Thanks for the honesty. Good Luck to both of you.
Many jobs are based on false economic conditions. Creating jobs in a mature market should be required to pass a certain "taste" test. It should be pointed out that while America is creating jobs it is costing a huge amount. I'm referring to the massive government deficit which I feel is the fuel driving our still rather weak growth. Is it sustainable, and just as important are these the right kind of jobs and will they last?
When a job that falls outside the description of government worker fails to make economic sense it becomes a form of working welfare with the taxpayer picking up the tab. We as a country and as a society have paid dearly for each unsustainable job created through government incentives and partnerships, because of the nature of many of these jobs we might even call them temporary. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/04/creating-real-jobs-remains-proble...
YES. I'm 22 and dropped out of a top 10 American research institution in my field. I took what little I saved by dropping out, bought some cheap land, and am about to try my hand at living "off-grid." It just seems a far more pragmatic move at this point in my life, looking towards the future, to drastically reduce my need for income as opposed to chasing dollars that seem to be in shorter and shorter supply, despite rapid printing. I'm also self-employed, and although I make about the same amount as a manager at Wendy's, I am beholden to no one but myself and those I have business relationships with, as it should be.
My friends who stayed in school are in one of three positions: Unemployed and in a lot of debt, drastically underemployed and in a little less debt, or fully employed by the likes of of what we would call the "Corporatocracy;" DuPont, Intel, Apple, IBM, Pfizer, major banks, the list goes on. Some of them have continued on what I call "Student Welfare," continuing to flip burgers in the college cafeteria at the State subsidized wage of $17/hr. A few are lucky enough to get "normal" jobs in University research labs or the University medical system, but it's all State subsidized, not to mention morally abhorrent. Nor will these jobs last forever.
Some here (most likely older folks) seem to be advocating that us youngn's take that third path with gusto, grit, and determination, because "that's what they did." "Get a job in computer science, medicine, biology, or engineering," they say. "You're probably just getting a useless degree in bullshitting and beer poing," they say. Perhaps, in my grandfather's youthful ignorance, he was comfortable fighting for Empire in Korea, coming home, paying money to the Carneigie Foundation through his college tuition, and living off the corporate welfare of one of the most evil institutions on the face of the planet, DuPont.
We know better. Some of us are actively trying to clean up your mess as opposed to picking at the fucking table scraps you've left your own kin. Perhaps, like an obese child in an impoverished family, you ate, and ate, and ate, simply too naiive or unaware to realize that you were shoving into your gut the very lifeblood of your family. That's fine, it's in the past. We forgive you. Now, get off our damn backs or get out of the damn way.
Have you read Evens, Smith & Smiley's The Hand-Sculpted House? It has pretty detailed instructions on building your own home out of cob (a mixture of clay, sand and straw). They even offer seminars. Its an ancient technique, and a cob building can last centuries, doesn't burn, the bugs don't eat it, the materials are mostly free and even doors and windows can be gotten cheapy second hand. Thick walls keep it cool in summer and warm in winter. Best of all, such construction doesn't contribute to or support the status quo.
That's fine, it's in the past. We forgive you. Now, get off our damn backs or get out of the damn way.
hello jrev, i hope there are lots more like you out there...
So, how's the wife/girlfriend/life partner like your living off the land thing?
And the taxman?
I am Jobe,
This morning I drove through American University on New Mexico Avenue, NW. I noticed this building that wasn't there last decade, when i lived near that location.
Anyway, I see this building and it says: American University International Studies.
Go figure, right?
I know right? Is there no lengths to the dishonesty exhibited by the majority of the Anglosphere learning institutions (enabled by easy credit flows)?
At what stage does someone somewhere switch off the student loan faucet and tell people to learn a real trade?
...That was your point right?
BrosephStiglitz,
There is so much that I want to say, but would need time to structure it cohesively.
Stiglitz, America blue color is finished. Wait when the oil goes to $150 dollars a barrel. These people won’t have enough for bread.
Wow American University International Studies- Oxymoron. Maybe the folks can spend a year or tow in Syria or Iraq to enhance their experience rather than masturbating their minds with so called professors who are as dumb as the rest. The Great Amerikan education system, Indoctrination.
I am Jobe,
You said: "Indoctrination"
Exactly!
Now, answer us this question?
Education Indoctrination? How is that different than religion indoctrination?
This is good news, for a second there I though the continent might flip over...
Maybe Foxconn can take advantage of low wages and fat azzz Murikans
Fuck no. It takes skill to assemble circuitboards. Find me a long-term unemployed American that has those abilities.
If they can use a phone why not?
Using a phone is like being able to use a hammer. Assembling circuit boards is like being able to thread a needle and backstitch your way home.
Look around you and stop being too picky or insisting on sufficiently desperate people.
There are plenty around.
If u want Low paying jobs move to TX
Only if you are uneducated or unskilled, then you are competing with La Raza for work... In my profession, the pay scales in texas are twice what they are in other major markets, which is why I am here... I wasn't born in Texas and didn't get here as fast a I could, I came for the $$$...
Which is a result of lack of vigorous enforcement of immigration law and the enactment of guest worker regulations.
The first one can be addressed with a stricter version of SB1070, the second through repealing every immigration act since Bracero.
Yeah, I'm living hand to mouth here....nothing good jobwise....just keep on movin on.....little doggy....
Massachusetts is somehow minus 41, minus 10, minus 14, and then somehow plus 2 1/2. Even if there were small numbers before in the minus categories it is still alot to makeup. Must be hiring govmint workers.
And to think, several years ago in Colorado the republicans here said shifting to green energy (at 35% and increasing) was going to be a job killer...
Whoops.
You also get to smoke weed here legally. Weed + Colorado = Rocky Mountain High.
Expect dismal job creation to continue, today many forces are coming together that tend to make this the new normal. Over the years as we have become able to produce more with less labor we have seen the fruits of our work improve the lives of many people.
Today we enjoy being able to have far more goods and luxury's then at any time in history, but soon we will find ourselves competing with robots for jobs and see many of our options for earning a living swept away.
Today many people forget that small business is the backbone of America, this is the real job creator and the place where "with skin in the game" skills are learned and honed. It does not help that the President and most of Washington lack solid backgrounds in both business and the economy. More on this subject in the article below.
http://brucewilds.blogspot.com/2013/12/the-reason-dismal-job-creation-wi...
AdvancingTime,
You wrote: "we have seen the fruits of our work improve the lives of many people."
Debt has improved all of those, Buddy!
Asians are way more productive. What do they have to show for?
Except that it's also the least stable (and least attractive) line of work. You might as well be working in the midst of Fukushima.
Why cant we all have the same job as your nobel pieces prize winning fucking idiot then?
Paid from the public purse on your backs to play fucking golf and speak from a promter?
Hot damn, I bet 20 folk off this here website could do a damn sight better than that fucking clown for half the wedge.
And be a bit better with a golf club in the process. This is what we have become, ruled by fucking downright morons who dont know real life cos the cunts never lived it.
Just imagine being paid to go on holiday all the fucking time, play golf, all the fucking time, and read off a promter when your puppet master demands it?
And remember they want you on a fucking pittance.
Once again folks, the mind, it does boggle.
:-)
Looking at the directional arrows showing job creation and people movement it made me realize that exact same migration from the exact same states will show Golden Horde movement when the whole rotten structure caves in. Get prepped, flyover country!
People fleeing the left coasts and the policies of the Democrat Party.
Which is why the demotards are trying to flood the country with illegal immigrants to change the demographics of the remaining red states... They won't be happy until they have fucked up the entire country with FSA...
Not to make this a political post, but it appears job growth is created in red states and not in blue states.
Maybe there's something to be learned here.
Yep,
Energy extraction creates jobs... there is your lesson.
poor citizens demand less pay and so red states get the shit jobs. Hats off to them for leading in the race to the bottom.
Entering my year long credential program to teach in CA. Only 50% placement for 1 st yr teachers in my area. Willing to do whatever it takes to spread my influence upon our youth. Thanks ZH and informed posters for adding to my philosophies on life, love, and the real world. It will be put to good use.
Begin by exiting CA.
And bypass Texas to go straight to Florida.
You better keep what you have learned to yourself or the Teachers Union will cut your liver out and eat it raw.
It's a Mad Max world.
Good my state didn't do nothing.
If your state's population shares your grammar skills, then you may have the reason why.
Even with the "good" jobs people are or will be shortly, squeezed tight by health care costs/stock market correction (if/when it comes), inflation everywhere else.
I've got a sister that works for the school district (administrative part of it///yup i realize its a gravy job) just found out over the summer their Cadillac health benefits (they were basically free if i remember right) are disappearing (huge increases)...so all those folks just took a pay cut for this year. In my state (Wisconsin) outside of police, the unions are basically neutered (no bargaining). Even police have had their pension costs increase/health costs increase... I have another sister who works for the hospital (for 20 years now) and she found out in 5 years or less her job is going bye bye.
They'll get you. Your wage may go up, but the benefits/taxes/costs of everything will just go up faster and you'll bend over and take it in the poop chute because you have no choice.
Some limited college majors are doing well: petroleum engineering, marine engineering, mechanical engineering, physicians assistant, finance, and maybe accounting after you get your CPA. "STEM" as a whole is disappointing as many STEM graduates are having a very difficult time. As for the people who major in sociology, psychology, anthropology, LGBTQ ect., only family connections offer a ghost of a chance at employment.
Only a small portion of recent grads are doing well in finance outside of Ivy Leaguers. We had around 10% in-industry and the program was strong enough for me to clear the CFA L1 a few weeks after graduation.
Moving to Colorado = moving to where the weed is.
Ya...about that Washington state thing...
I think they got.Texas construction outlook wrong. The Houston skyline is choked with sky cranes.throwing up new office towers.
I blame immigration both legal and illegal. I am not against immigration but at the volume that we have ts destructive. The illegals have taught our children that its easier to hire this guy for a few dollars an hour then for you to do it. When I was a kid there were NO illegals and we went around the neighborhood doing what ever we could to earn some candy/movie money. The legal immigration is they tell you that you are not smart enough so train your Indian replacement and GTFO. Also you have more competition with legal, brothers, cousins that will work and take shittier pay. That my take. Sure a ton of other stuff too its not a problem so easily explained.
I blame immigration both legal and illegal. I am not against immigration but at the volume that we have ts destructive. The illegals have taught our children that its easier to hire this guy for a few dollars an hour then for you to do it. When I was a kid there were NO illegals and we went around the neighborhood doing what ever we could to earn some candy/movie money. The legal immigration is they tell you that you are not smart enough so train your Indian replacement and GTFO. Also you have more competition with legal, brothers, cousins that will work and take shittier pay. That my take. Sure a ton of other stuff too its not a problem so easily explained.
Back to California, why aren't real estate prices cratering yet?
And before you sing praise for the states that have created jobs, recognize that the standard of living is declining and has done so for some 30+ years.
States like Texas offer a pathway to the 3rd world. They promise lax regulation or no regulation and a low pay-work force.
That is hardly the model of successful entrepreneurship as much as it is a model for "beggaring thy neighbor" state and poaching companies with low tax incentives.
Those low tax states promise us low taxes but substitute for us all a toll road fee so that we don't feel "over taxed". It is a SCAM played out by toll road owners, polluters, private prison groups and private construction groups through their brute force lobbying efforts.
When do we wake up and see we are all being shafted and being forced to cut each other's throats?
Dude, I'm not a Texan, but don't mess with Texas. They have helped me advance my career TWICE. The oilpatch is not a haven for either low tech dunces or the lazy, and oilfield salaries and wages are generally good, if not excellent, although you will have to negotiate booms and busts. Ummm, and there is no state income tax. They admire entrepreneurship. If you don't like toll roads in Texas, don't drive them. By the way, I notice that the other states are lining up to put tolls on interstate highways. That ought to play well on I-70!
I lived in Texas for many years. Saw the rampant corruption and saw the toxic spew that regulators took bribes to ignore.
It is a big state and it's easy to "dilute the polute". Still, the drinking water and health of the public WILL pay the price some big oil and industry magnate should have paid. \
Regarding toll roads, again, it is easy to say go around them when you have that option. Again, big state, right? Lots of land.
Your point about toll roads taking over everywhere is really what YOU should be concerned about. Here we have the drive to privatize and then we call the Fee something other than a tax.
Think about that. Who is this "low tax" but high fee bait and switch really serving? When I pay money to build a bridge then how dare some bribed group of local officials sell it off to some flunky and then charge me a fee for use!
I would rather pay 60c each way to commute to work and back, when I want to use the toll lanes, than have a 6% state tax on my income.
Only valid if the alternate routes haven't been hobbled in favor of the Zil road.
There's no recovery in living standards...
One thing that would make hiring interesting these days is that you cannot predict what things people will know how to do; things that you would think were basic. For instance, where I volunteer we have three temporary volunteers (they're working off some infraction) who are robust, hearty white male college students who are on the wrestling team. We needed some on-the-wall bookshelves put up. Not in their skill set, sorry (they aren't lazy). They are quite smart and could do tech things if we needed (we don't). Okay, I'll admit that I couldn't readily do that task, but I could do the "female equivalent" tasks.
So, I thought that was bad, but then several months ago I was at the gas station and there was a Korean American guy in his early 20s (I know enough Korean people so I could tell) who didn't know how to use the car window cleaner squeegee. He was making a terrible mess of his window. Well, I bet he can do tech things, too.
Maybe someone could start up a "how to be an actual male" camp for teenager males? So they can learn these things? It is embarassing to see them be unable to. Also, it means that they are totally at the mercy of others.
"In capitalist society spare time is acquired for one class by converting the whole life-time of the masses into labour time."
- Karl Marx
I would like to see charts based on Hispanic labor--
both documented and undocumented