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The History Of US Unemployment By State, And A Surprising Observation

Tyler Durden's picture




 

The following fascinating chart from Tableausoftware shows the history of US unemployment by state since 1976, and specifically the difference from historical averages. What the chart shows is that as more and more people have migrated to populated coastal areas, or those areas hit hardest from the recent deleveraging mean reversion depression, it is the flyover states, typically considered the least interesting, that are actually performing by far the best, with some places like North Dakota, Nebraska, South Dakota, and Vermont paradoxically having better relative employment right now than during any time in the past 40 years! As the economy continues to revert to trendline along every possible axis, despite the Fed's persistent efforts to overrule nature, how long until reverse migration kicks in, and all those hopefuls who had trekked to the big coastal cities dreaming of better prospects, leave in disenchantment and head back to where they came from, and just how would that impact the future of US economic and demographic trends?

 

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Sat, 06/30/2012 - 12:58 | 2577174 Sisyphus
Sisyphus's picture

 

Cause it's a bittersweet symphony, this life
Try to make ends meet
You're a slave to money then you die

Sat, 06/30/2012 - 15:42 | 2577491 orangegeek
orangegeek's picture

The Verve was cool.

Sat, 06/30/2012 - 17:52 | 2577649 BigInJapan
BigInJapan's picture

Yes, but as with many other bands, cool only until the heroin stopped.

Sat, 06/30/2012 - 21:07 | 2577848 AldousHuxley
AldousHuxley's picture

direct link

http://www.tableausoftware.com/learn/gallery/unemployment-horizon-chart

 

when college degree costs twice as much and you get paid the same 1990s wages during 9% unemployment, you have been made a wage slave.

Sun, 07/01/2012 - 11:23 | 2578469 GMadScientist
GMadScientist's picture

In God We Trust (All Other Pay Cash)

Sat, 06/30/2012 - 18:45 | 2577688 Raymond Reason
Raymond Reason's picture

You're a slave to money then you die...

and then you go to hell. 

Sun, 07/01/2012 - 13:40 | 2578759 TruthHunter
TruthHunter's picture

So why does Virginia look so good?  Runaway government hiring?

Sat, 06/30/2012 - 13:00 | 2577175 CaptFufflePants
CaptFufflePants's picture

Mentioning North Dakota and leaving out the fact of the oil boom in the last 5 years is disingenuous at best.

Sat, 06/30/2012 - 13:08 | 2577190 MsCreant
MsCreant's picture

The chart is not about oil, or anything else. If you want to cross correlate each state's employment distance (up/down) from the national employment average with "oil booms" or other economic variables that you would like to define, have at it and create that chart for us, please.

Sat, 06/30/2012 - 13:21 | 2577218 augustusgloop
augustusgloop's picture

Disagree. You can ask the question, then look up the statistics. One can eyeball the chart and discern:

North Dakota employment boom = Bakken Shale. Eg this headline. Halliburton to add 11,000 jobs, mostly in ND. Small population, new oil drilling technique = high employement. 

http://money.cnn.com/2011/08/25/news/economy/halliburton_north_dakota_jo...

Nevada, AZ, California, and 1st derivative housing boom states (Californians finding cheap housing in PNW) OR, WA: Greenspan housing bubble & subsequent burst. 

MI: Constant leaking of manufacturing Jobs

Carolinas: Housing boom / bust + Manufacturing job first boom (lower wages, non-union) then bust (worldwide depression)

Vermont: Yankees rule! 

New York: Would probably correlate to Financial company earnings growth as a % of total corporate earnings.

& cetera. 

Sat, 06/30/2012 - 13:26 | 2577226 MsCreant
MsCreant's picture

It is fine and good to pick variables and look them up for each of the states. My point is that the author of the blurb above the chart is not "disingenuous" because they failed to mention oil. The chart is the chart, do what you will next (like you did). But you can't have a chart that "explains why each state had a boom." The housing industry would be a good one to try and track though...

Sat, 06/30/2012 - 14:07 | 2577287 sgt_doom
sgt_doom's picture

This chart is highly suspect as it is the product of Tableau software:

they are the worms and cretins who pulled their license from Wikileaks after the slightest pressure from the Americanski government awhile back, remember?

Can't trust such douchetards, ever!

 

Sat, 06/30/2012 - 14:16 | 2577316 Shocker
Shocker's picture

Every place is getting affected one way or another. Yes there are selected area that are having growth but overall the downward trend is the same.

Check below for a quick reference for Layoffs, Closing, Bankruptcies..

http://www.dailyjobcuts.com

.

.

Sat, 06/30/2012 - 14:18 | 2577323 FEDbuster
FEDbuster's picture

Kalifornia could have a oil boom, if they allowed drilling.  They could reclaim ag jobs, if they allowed farmers to have water.  etc......

High taxation will drive many from the coasts.  Those whom can earn a living via the computer, will find places to live with lower cost of living and tax structures.  The reverse migration has already started.

Sat, 06/30/2012 - 14:35 | 2577352 LawsofPhysics
LawsofPhysics's picture

Would that be the same water coming down the Colorado?  Why don't the farmers upstream get to have the water?

Sat, 06/30/2012 - 14:57 | 2577386 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

People upstream don't get the water because not many people are living there in the first place. Those who are there do gain access to the Colorado, but don't use much due to low demand.

Sat, 06/30/2012 - 15:02 | 2577396 Marginal Call
Marginal Call's picture

They don't farm upstream for two primary reasons:  elevation & soil.  The temperature swings are too extreme for most crops and the growing season too short.  And the ground is solid rock.

Sat, 06/30/2012 - 16:01 | 2577519 BurningFuld
BurningFuld's picture

The water table in Kalifornia is going down down down from decades of pumping. That simple. Divert the Columbia and be done with it.

Sat, 06/30/2012 - 23:25 | 2577984 prodigious_idea
prodigious_idea's picture

We'll give you the benefit of a doubt that you're not arrogant.  That leaves use with the certainty that you don't understand much about water rights, agriculture or hydroelectric power.

Sun, 07/01/2012 - 01:13 | 2578093 Problem Is
Problem Is's picture

Or where the fuck the Columbia River and California are...

Sat, 06/30/2012 - 23:38 | 2578007 Spastica Rex
Spastica Rex's picture

Fuck you.

Sincerely,

Washington State

Sun, 07/01/2012 - 06:44 | 2578231 Offthebeach
Offthebeach's picture

Every western county has a water commioner, and all water is assigned. You could have a drought in Colorado and water ina
River passes you by because it is LA's water.

Sun, 07/01/2012 - 13:42 | 2578769 Cathartes Aura
Cathartes Aura's picture

I remember reading somewhere that 10% of BC Canada's water is "sent" to So Cal, guaranteed by NAFTA.  Can't find a link to that, but this is of interest,

Any time an American company uses Canadian water, NAFTA guarantees their rights to uninterrupted use. Be it an American petroleum company injecting water into the ground to extract the last 10-15% of oil and gas in Canada's oilpatch (water flooding), an American firm involved in managing the water supplies of a Canadian municipality through a public-private-partnership, an American firm using Canadian water for hydroelectric generation, an American firm extracting and bottling groundwater, an American firm using water in its manufacturing processes, any time an American firm accesses Canada's water for a commercial reason, their NAFTA rights are clear (and clearly superior to those of Canadians): Continuity of use. Proportional sharing. No price discrimination. No interruption of normal channels of supply. National treatment. Oh yes, and of course Chapter 11 - the right to compensation from the Canadian government for lost profits if any of these rights are denied.

http://www.farmertofarmer.ca/col121_FREWN.html

nationstate boundaries. . . imaginary, enforced by those who profit from their. . . taxed herds.

Sat, 06/30/2012 - 20:53 | 2577388 FEDbuster
FEDbuster's picture

Some comes from the Colorado, but the water I was thinking of comes from N. CA and the Sierra Nevadas.  Remeber Pelosi had to save the Delta Smelt?

Sat, 06/30/2012 - 14:57 | 2577387 Marginal Call
Marginal Call's picture

Farming is going mechanized.  Not a growth industry for jobs.  And where is this extra water you speak of?  California has primacy over the entire south west when it comes to water rights--that alone should tell you to get the hell out of Phoenix.  Because the west is going dry and California has first dibs on whats left. 

 

Those can earn a living via computer, will choose the nicest place they like that they can afford.  The reverse migration has been from poor states poaching companies from rich states.  Micro outsourcing if you will.  South Carolina had no business building airplanes until they convinced Boeing they had a large enough labor for ready to be exploited.  Taking a page right out of China's playbook.

 

I'm all in favor of taking away federal funds from states who's growth model is stealing form other states.   The rest of the growth comes from resource extraction.  Works for a while, until it doesn't. 

Sat, 06/30/2012 - 18:56 | 2577702 Lednbrass
Lednbrass's picture

Oh boo fucking hoo- you want to force companies to remain in states that tax and unionize their businesses out of profitability? You actually prefer they go bankrupt and out of business entirely?

Evidently so, what a great fukcing plan. Boeing needed more planes built, far better to force them to pump more resources into a high cost state instead of building antoher facility where they can make a better go of it.

What an utter statist dick. How does one state have more or less business building airplanes than another- who decides that? Pointy headed urban tards like you I suppose?

Sat, 06/30/2012 - 20:51 | 2577817 cbxer55
cbxer55's picture

Boeing just moved a facility dealing with the B-1B Bombers from Kalipornia to Oklahoma due to the unfriendly business environment in CA. CAs loss is OKs gain. 500 jobs lost in CA, 500 gained in OK. 

Me Likey.  ;-)

And look what state is at the bottom of the list, #50.

http://chiefexecutive.net/best-worst-states-for-business

Sat, 06/30/2012 - 21:00 | 2577838 Marginal Call
Marginal Call's picture

Statist?  Try protectionist.  Like the whole country used to be before it was cool to buy off the government, send all the jobs overseas and siphon off all the profits.  And transfer all our technology to China. 

 

You know who decides who builds planes?  People who know how to fucking build planes and who they share their knowledge with.  William Edward Boeing is spinning in his grave. 

Sun, 07/01/2012 - 10:32 | 2578410 Vendetta
Vendetta's picture

If aerospace wasn't export controlled we wouldn't be building any aircraft in this country.  In the Carolinas, Oklahoma, or Washington state or whereever.  When the textile quota's with China were eliminated in Jan 2004, 14 textile plants and 18,000 people lost their jobs as the textile plants left the country .... in a mere 4 months.  All of those plants were in 'business friendly states'.  So how did those 'business friendly states" regulation/laws, or more accurately lack of, help those innocent 18,000 southern folks who lost their jobs?  Answer: it didn't mean squat.  While the political division is used to have people point their fingers at each other instead of our horrific trade policies, the money power hollows out the country.  Even 'business friendly states' can't compete with 10 cent an hour labor... until they're making 10 cents an hour.

Sun, 07/01/2012 - 13:20 | 2578702 Cathartes Aura
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it's "business friendly NATIONstates" - the corporatism that expands irrespective of imaginary lines drawn for tax farming by elites has no need for boundaries - their "charters" are global, and if you follow the history of corporate expansion, this has always been the notion.

Sat, 06/30/2012 - 15:09 | 2577423 augustusgloop
augustusgloop's picture

Hardy guffaw every time I hear ultra free market type people saying "the farmers allowed water" when the entire infrastructure of California is essentially one big Fed - State planning public work. Ayn Rand would piss on it. They don't call it the Edmund G. Brown Acqeduct for nothing. 

All American Acqueduct (from Colorado River to Southern Cal) is a Bureau of reclamation / Fed project associate with Hoover Dam. 

Water rights are F'd. The Resnicks (Pom / Roll International) essentially bought all the Southern San Joaquin Valley for pennnies and get California Tax Payer subsidized water for their water guzzling Pomegranite & fruit tree orchards (much worse than cotton which was there before--cotton can go fallow in drought years).

Agree with the taxation issues though. 

Sun, 07/01/2012 - 06:53 | 2578237 Offthebeach
Offthebeach's picture

New Englanders are stealing mid-West wheat via fedgov railroads and roads.

Stop the food thieft now!

/s

Sat, 06/30/2012 - 14:28 | 2577335 RockyRacoon
RockyRacoon's picture

What I find interesting, Missy, is that China has followed the same course but done it at break-neck speed.  All we have to do is watch how China devolves and we'll have the pattern.   There is nothing on the horizon to stop the pattern's evolution.   Certainly not "growth".

Sat, 06/30/2012 - 15:04 | 2577401 MsCreant
MsCreant's picture

I hope you are wrong, but fear you are right. Culture matters and that could make the difference (though it is asking a lot to ask American's to "see the light" and slow things down).

Sun, 07/01/2012 - 09:45 | 2578362 DaveyJones
DaveyJones's picture

well said rocky

Sat, 06/30/2012 - 18:28 | 2577674 goldfish1
goldfish1's picture

You point to a headline about Halliburton to be adding jobs. It's dated August 2011, about ten months ago.

That's your basis for saying the change in the unemployment rate in North Dakota is due to Bakken Shale? If you look closely, employment declines after the date of the article, so...

your point is?

Sat, 06/30/2012 - 21:56 | 2577902 Id fight Gandhi
Id fight Gandhi's picture

Those states must be racist. Too many % of White people. /sarc

Sat, 06/30/2012 - 14:41 | 2577363 Uncle Remus
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Actually, I have it on good authority it's due to the unprecedented rise in popularity of the Corn Palace and Wall Drug plus the rumored bust of Obama being added to Mt. Rushmore - all in S. Dakota - so It's natural there'd be a bit of overhang into border states.

Americana, bitchez.

Sun, 07/01/2012 - 10:53 | 2578423 aerojet
aerojet's picture

Okay, downvoted to hell for the obvious comment.  How about this?  People working in NoDak make like $15/hr., but they work ungodly 80-90hr. weeks.  You do what you have to do to get ahead, and I'm all for that, but it's like the end of the world for those types of folks.  There really is no next big thing for them.  I hope they're saving as much of that income as possible, but I know better.

Sat, 06/30/2012 - 12:59 | 2577176 A Lunatic
A Lunatic's picture

Chart FAIL.

Sat, 06/30/2012 - 13:01 | 2577179 El Oregonian
El Oregonian's picture

What the hell, I'm getting sea sick?

Sat, 06/30/2012 - 13:05 | 2577186 sabra1
sabra1's picture

nothin' agenda 21 can't fix!

Sat, 06/30/2012 - 13:24 | 2577222 Vic Vinegar
Vic Vinegar's picture

I don't think the post-Agenda 21 map that patriot sites love to roll out is going to become reality anytime soon.  There's lots of natural reasources in states like the Dakotas and lots of good people too.  Not a bad place to call home.

Sat, 06/30/2012 - 13:10 | 2577187 slewie the pi-rat
slewie the pi-rat's picture

is someone assuming reverse migration isn't already happening?

why take a simple stupid report and turn it into something which makes little sense?

people can go where they wish, can't they?

people DO move b/c they are disenchanted, though.  fuking brilliant there!

perhaps getting everyone on the edge of their seats over what will happen NEXT needs to take a little pill?

Sat, 06/30/2012 - 13:17 | 2577210 Skateboarder
Skateboarder's picture

Like the little waves of people who move from one state to another because of gas price increases and local housing bubbles and stuff.

Sat, 06/30/2012 - 14:12 | 2577304 slewie the pi-rat
slewie the pi-rat's picture

when this law passed A Brief History Of New York's Rockefeller Drug Laws - TIME  slewie decided to get outa NY;  many adventures and a coupla years later:  berkeley  and norCal

over 35 years later, this is still the place for me

but many are leaving;  people go elsewhere to retire, i think;  we have tons of law enforcement who put in their time, get their pensions, and head to idaho/montana and eastern oregon;  they just want their nice, fat checks, a ranch, and a gun rack for the new truck

people get their VA disabilities approved and suddenly never need the VA again;  off they go...

once in the late 70's i was hangin w/ a friend in SF and we went to pick up his 2 y.o. from pre-school;  nice day, nice playground, kids climbing all over the place;  he sez:  do you notice anything different here (from across the Bay)?  i couldn't figure out what he was getting at.  finally he says:  she's the only white caucasian here...  i didn't think you'd notice...

sometimes people visit and it actually frightens them that parts of america are "like this";  i've had to intervene to keep people from going to hawaii!  L0L!!!

Sat, 06/30/2012 - 19:16 | 2577721 VallejoVillain
VallejoVillain's picture

Berkeley huh. Great weather.....................................and hippies..........................aaannnddd chicks with armpit muff. hehe

Sun, 07/01/2012 - 13:56 | 2578819 Cathartes Aura
Cathartes Aura's picture

. . . and men who aren't interested in "chicks" at all. . . isn't that what SF is long-time famous for?

weird you left that out.

I hear chicks who don't shave themselves to pre-pubescent status weed out the undesirable males, seems plausible.

Sat, 06/30/2012 - 21:26 | 2577870 Lord Koos
Lord Koos's picture

The chart isn't about population, it's about employment.  Pretty simple, isn't it -- on the coasts, it's now more people competing for less work, in the middle of the country, it's the opposite. 

Sat, 06/30/2012 - 13:07 | 2577189 LULZBank
LULZBank's picture

Aliens are trying to fuck with our heads.

Sat, 06/30/2012 - 13:09 | 2577193 Zero Debt
Zero Debt's picture

North Dakota + South Dakota + Nebraska = Farming/Natural Resource States

Stuff you can't print out of thin air...

Sat, 06/30/2012 - 13:13 | 2577203 MsCreant
MsCreant's picture

My area has not suffered as bad as some. My joke is that if you did not soar very high (bubbiliciously away from the mean) then you don't have nearly as far to fall. 

Sat, 06/30/2012 - 13:26 | 2577225 augustusgloop
augustusgloop's picture

New York: stuff you can print out of thin air with help of 300 million tax payers = poof Fed induced high employment (considering size of state). J

Sat, 06/30/2012 - 15:12 | 2577431 blunderdog
blunderdog's picture

Most all the people are in the cities, but there's a fair amount of agriculture in New York STATE.  I used to work on the farms there from time to time as a youngster.

Sat, 06/30/2012 - 18:59 | 2577703 Lednbrass
Lednbrass's picture

I dont think its that way anymore, I have seen a couple of articles in the last few years about the thousands of farms in upstate NY now lying vacant and unused.

Sat, 06/30/2012 - 13:44 | 2577250 Landrew
Landrew's picture

Sadly the employment boom of the shale states is now over. Oil well depletion is overwhelming. We now have natural gas rig counts moving down to late 90's numbers. I wish it wasn't true. I helped family start a trucking business two years ago moving oil. Sad that it didn't last longer. I was banking on five more years before the debt would overwhelm the industry.

Sat, 06/30/2012 - 14:12 | 2577301 AustriAnnie
AustriAnnie's picture

Actually, farming subsidies are printed out of thin air.

Especially since the alternative energy subsidies for corn ethanol, etc.

Sat, 06/30/2012 - 21:58 | 2577905 Id fight Gandhi
Id fight Gandhi's picture

You mean producing stuff and not just buying shit on credit is actually a good thing? Who wouldve thought?

Sun, 07/01/2012 - 14:02 | 2578836 Cathartes Aura
Cathartes Aura's picture

massive farming subsidies in Nebraska - seems you can print "Farming/Natural Resources" out of thin air. . .

And Brandon is a post-modern farmer, which means he is on Facebook, LinkedIn and Twitter. His finger is never off the racing pulse of commodity prices and land values - which keep going up in this part of America.

The price of land in the region has increased fourfold in five years. Land prices in the rural Midwest are doing the opposite to house prices in the rest of America. They continue to shoot up, even prompting whispers of a bubble.

'Phenomenal income year'

There is a ton of extra cash here, and not all of it from the grain shipped in freight trains. Astonishingly, the farming community of states like Nebraska and neighbouring Iowa is still receiving billions in indirect subsidies on products like corn for ethanol, as well as direct payments to each farming family.

http://www.channel4.com/news/corn-price-boom-feeds-nebraskas-gold-rush

Sat, 06/30/2012 - 13:16 | 2577209 blunderdog
blunderdog's picture

Depends a bit on why people left.

For those who left for economic opportunity alone, a "return home" may well be appealing.

For those who left because of archaic and provincial social mores and relative lack of social/ethnic/racial/sexual diversity, there's still not much to say for many of the heterogeneous USian backwaters. 

There really are some of us who appreciate and celebrate differences among the people around us.  The Internet is a tremendously destablizing force--the fact that young people are able to learn such a tremendous amount about just how different various parts of the country can be does a great deal to encourage thought of relocation.

I will NEVER forget the plate of "nachos" I got in a small town diner somewhere between the Northeast and Midwest.  It was a basket of stale Fritos smothered in a provocative bottled (or canned?) spaghetti-sauce sitting next to a cup of Cheez Whiz.  I wasn't about to complain, but it sure was eye-opening.  I only wish I'd had the creativity to imagine such a thing before experiencing it.  It may be the chef had designed his recipe based on a smuggled Polaroid of a similarly-named appetizer served in one of the far-flung and exotic locales like New Yawk or Tejas or California.

Sat, 06/30/2012 - 16:42 | 2577589 Prometheus418
Prometheus418's picture

That's one of the things that the internet has been changing.

I live in a town with 3000 residents way out in Nowhere, WI.  When I was growing up, it was much as you described- but not so much anymore.  We get the same propiganda and cable channels the rest of the country does, and now there are boutique shops, coffee bars and ethnic restaurants all over the place.  The town next to us, where I work, has put millions into their downtown, and it now looks and feels like any "gentrified" neighborhood on the West coast.  Same damn good eats down there, too- you can get fresh Sushi, Thai, or whatever you want in a few square blocks- with one little difference- they're prepared with actually fresh vegetables, and water that is cleaner than just about anywhere I've ever been.  That town also has a zoo that keeps growing at such a pace that it is beginning to rival the one in St. Paul- only it's free to visit, and you can find parking.  We've also got fiber-optic internet wired into every home in town in the whole area, an indoor swimming facility with an attached gym, and all the other things you would expect to have living in a large city.  All without smog, potholes and crime.

The stinky old wood-paneled diners that serve open-face meatloaf sandwiches covered in slimy gravy substitute are still around here and there, but for the most part, they are dying off.  And although the racial mix is still primarily German and Scandinavian, there are far more SE Asian, Indian, Hispanics and other ethnicities than you would think.  As the culture continues to open up, they become far more visible in the community.

I know exactly what you're talking about above- I moved away when I was 18 for just those reasons.  I came back because the air, water and food are clean, and it's a good place to raise children.  I've lived both sides of the argument, and I'd much rather live in a somewhat modernized midwest than in any major US city I've ever seen.  It's just not quite the same as it was 10 or 20 years ago- everything makes it here, it just takes longer.

Do yourself a favor and take a second look at your hometown- it might be the same as it ever was, but then again, everything may have changed.  I don't regret moving back to where I came from a bit, and if I want to visit a city, they're still there to go gawk at now and then.  And if anything that has been happening in recent years reaches it's logical conclusion, you're far more likely to be able to survive in relative peace.

Sat, 06/30/2012 - 17:44 | 2577642 blunderdog
blunderdog's picture

My hometown was always actually a bit on the "hip" side, as it was a SUNY location where the student body outnumbered the village residents.

BUT...I ate those "nachos" only 5 years ago.  Look at all the posters here who can't tolerate the idea of living around Blacks, Latins, gays, or Jews. 

I do agree overall--I think any town/city of some critical population size will change just as you've described.  But believe you me, there are still a zillion places that haven't gotten there, for whatever reason.

Sun, 07/01/2012 - 12:08 | 2578555 GMadScientist
GMadScientist's picture

You overlook a persistent dynamic in America: people like having poor people do shit they don't want to do.

So you see the phenomenon of the ghetto that is one short bus ride from where the people on the bus go to work. You could easily jog from "Gangsta LA" to Beverly Hills, if not for the choking smog. Up in heady Marin, they had one of the biggest INS stings in awhile because towns like NoVATO don't really live up to their name. This isn't new either. Consider the naming of Detroit suburbs, for instance; Dearborn (white workforce) and Inkster (black workforce).

 

Sun, 07/01/2012 - 14:37 | 2578911 blunderdog
blunderdog's picture

I see no connection from what I said to your comment.

Sat, 06/30/2012 - 20:09 | 2577767 Paul Atreides
Paul Atreides's picture

Sounds like a really nice place P. A good mix of culture, great eats, and a nice place to live. I hope that gold and silver pops one day so that I can retire early and do 6 months in the summer in a cottage close to a northern ontario town with the same feel and 6 months in the winter in costa rica.

Sat, 06/30/2012 - 20:59 | 2577836 cbxer55
cbxer55's picture

My hometown is Pitman NJ. Believe you me, I have no intention of ever stepping foot in that fowl state again. Just about as bad as Kalipornia. and just as gun unfriendly. At least here in OK, I have a concealed weapons permit that allows me to carry in some 33 other states. Good luck with that in Joisey or Kalipornication.

Sat, 06/30/2012 - 21:54 | 2577900 CaptainObvious
CaptainObvious's picture

I hear you.  I'm from Joisey originally, too.  There isn't enough gold in the world to pay me to live there again.  The whole fucking state is one big urban hellhole these days.

Sat, 06/30/2012 - 23:23 | 2577983 blunderdog
blunderdog's picture

Jersey suffers from two major problems...

It's right on the corridor that connects everything on the East Coast, and it was one of the early feeders/bedrooms of all the bullshit in NYC.  A lot of terrible crimes against that part of the world were committed before any of us were born.

Sun, 07/01/2012 - 11:01 | 2578437 aerojet
aerojet's picture

I'm probably a bigger gun nut than you, and I hate NJ, so I know where you're coming from on that, but why use concealed carry laws to measure anything?  At most, it is one tiny victory for regular people--oh, so you can carry a gun to defend yourself if you need to.  If our political system worked, we wouldn't have the urban decay that leads to so many psychos who prey on regular people in the first place.  So yeah, gun rights, but I wasn't going to hang up my right to self defense whether the government was "allowing" it or not.  Also, every place that you actually really NEED a gun is a place that outright bans them!  So spare me about Okla-fucking-homa already! 

Sun, 07/01/2012 - 10:57 | 2578429 aerojet
aerojet's picture

WTF?  What year was that?  With all the hispanics literally everywhere, I have a hard time believing such a story.  Or maybe the diners you like are just complete shitholes.  Or the folks there were having a larf.

Sat, 06/30/2012 - 13:20 | 2577216 jbvtme
jbvtme's picture

i'm from vermont.  this place is a collectivist nursinghome.  all the money flows from taxes to the teachers, medical and police.  the rest fight for the crumbs.

Sat, 06/30/2012 - 13:37 | 2577237 chunga
chunga's picture

Vermont?

Watch Bernie Sanders [I] go wild a few days ago.

The American People Are Angry

"Angry"?

Talk about an understatement.

I think "furious" works better.

Sat, 06/30/2012 - 14:01 | 2577281 tahoebumsmith
tahoebumsmith's picture

Bernie is the Man!!! He has been fighting the FED and the Crony Banking Oligarchs for over a decade. Imagine if they had taken him more seriously back in 2003 when he schooled Alan Greenspan in this video?

http://www.youtube.com/watch?v=rPh-qGcYruw

 

 

Sat, 06/30/2012 - 22:00 | 2577907 Id fight Gandhi
Id fight Gandhi's picture

He won't fight the fed. He's one of "them." they would never turn on their own.

Sat, 06/30/2012 - 15:12 | 2577429 Temporalist
Temporalist's picture

He's right about some of the problems but wrong about the solutions to fix it.  He thinks anything with government, which was at least 50% of the cause, will be 100% of the solution.

Sat, 06/30/2012 - 20:57 | 2577720 psychobilly
psychobilly's picture

"Watch Bernie Sanders [I] go wild a few days ago."

I suffered through it all.

He's a well-intentioned demagogue telling the lower orders what they want to hear.  The hungry.  The poor.  The old.  The children.  The sick.  Cops. Teachers. Patriotic 19-year olds "defending" us in Iraq.   Did he leave any of the usual emotional/patriotic props out?  All of them blameless innocents.   The source of all of their problems:  the evil millionaires and billionaires.  We evidently need more government to rectify this. 

We need to "invest" in (government) education.  Is this man aware that the US spends more per student K - 12 than any other country with the exception of Switzerland?  Given the results (ignorant, bovine, government-dependent masses who can't think for themselves), is this really money that has been well spent?  Is acquired knowledge and critical thinking really a function of money spent on government "education"? 

Is he able to do the basic math required to determine the affordability and sustainability of some of these cherished government programs of his (e.g., Medicare, Public employee retirement programs)?

Is it possible that the government has proven to be a poor steward of tax revenue and that it is actually the source of many problems?  Do such questions even occur to him?  He's as dangerous as the Wall Street criminals he rails against.  At least I have the freedom to choose not to do business with Wall Street.

Sat, 06/30/2012 - 14:16 | 2577311 JR
JR's picture

Yes, demographics and geography count (and particulary when it comes to counting voter representation), such as the results of the great liberal move you describe into beautiful Vermont and the U.S. destinations of Third World migrations and immigrations. For instance, in bankrupt Stockton, CA with its poverty rate of 19.8% and median age of 30.8 years, according to California Demographics: “The largest Stockton racial/ethinic groups are Hispanic (40.3%) followed by White (22.9%) and Asian (20.7%).

http://www.california-demographics.com/stockton-demographics

The white population (and voter representation) of the entire state of California had dropped to 40 percent by 2008, according to a 2010 SF Chronicle article in 2010: "Whites in State Below the Replacement Level."

http://www.sfgate.com/news/article/Whites-in-state-below-the-replacement-level-3186119.php

Sat, 06/30/2012 - 15:04 | 2577403 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I've spent a good portion of my life in Oregon. People would work hard in the woods and on the Pacific to learn a good living. The forest was cut down and the fish annihilated. Throw in hippie trash with ridiculous regulations and those ag jobs vanish. Instead of moving, the state just dumps enormous amounts of welfare on them. The state has become a welfare mecca filled with deadbeats. These people aren't migrating anywhere. WA to the north is in the same boat.

Sat, 06/30/2012 - 21:39 | 2577887 Hangfire
Hangfire's picture

You can add Northern California to that dead beat group.  I spent some time up in Humbolt County this spring on family business and was shocked at the utter depression that area is in, I felt like I was in "the walking dead", beautiful scenery surrounded by walkers, what a waste.    

Sun, 07/01/2012 - 14:48 | 2578928 Cathartes Aura
Cathartes Aura's picture

Humboldt County was "cash crop" central for many decades, until a perfect storm of "medical marijuana" status, and competition from BC deprived them of their "lively - hoods". . .

they also had to bear the "confiscation" of property enforced by the local law mafia.

Sat, 06/30/2012 - 15:23 | 2577456 DanDaley
DanDaley's picture

How is it that Vermont has such good gun laws with so many insane (the only kind) liberals/progressives/socialists?  Seems a paradox.

Sun, 07/01/2012 - 11:09 | 2578449 aerojet
aerojet's picture

Again, gun laws don't mean anything, really.  Laws are a severely lagging indicator--we still have Prohibition-era laws on the books that make absolutely no sense.  Having such a small population and being so out of the way, Vermont did not experience the violence of Prohibition the way other states did, so they never bothered to put such heavy-handed gun bans on the books.  None of those laws accomplished anything, but they felt good.  I'm not sure why Vermont lefties can't get NY and MA style bans put in place.  No large urban centers to breed crack goblins?

Sat, 06/30/2012 - 21:18 | 2577863 Lord Koos
Lord Koos's picture

Yeah who needs all those teachers, cops and firemen anyway...

Sat, 06/30/2012 - 13:37 | 2577235 kito
kito's picture

Tyler, revert TO trendline?????....i believe you mean bust right through it to the downside.......

Sat, 06/30/2012 - 13:40 | 2577239 bigwavedave
bigwavedave's picture

Reverse migration ain't gonna happen for anyone underwater on a mortgage. how many now?

Sat, 06/30/2012 - 14:24 | 2577332 AustriAnnie
AustriAnnie's picture

This is the problem in cities like Las Vegas.  Can't leave because they are stuck underwater.  Even if they get a job offer somewhere else, they can't take it because it would mean paying mortgage plus rent in another city.

Although many are choosing to just walk away, get work somewhere else and start over.  Migration is the only way they can make it, even if it means losing their home.  Which says something about just how desperate some people are, that they reverse migrate even if they have to lose everything in order to do it.  How badly must they think their prospects are for the future in order to make that choice?

Sat, 06/30/2012 - 13:40 | 2577242 Dr. Kananga
Dr. Kananga's picture

"...how long until reverse migration kicks in, and all those hopefuls who had trekked to the big coastal cities dreaming of better prospects, leave in disenchantment..."

All things being equal, if half the population of California picked up and left for greener pastures (reverting to the population numbers of 1960), I'd be inclined to think it a good thing for California.

Sat, 06/30/2012 - 13:53 | 2577260 cj51
cj51's picture

the trend is to live near a city. there is not going to be any reverse migration. the farms and cattle ranches will become automated with 1 or 2 people hanging around to type some crap on their keyboard once in a while.

 

Sat, 06/30/2012 - 15:15 | 2577435 Stuck on Zero
Stuck on Zero's picture

Those automated farms grow GMO guck that tastes like paste and is bathed in noxious chemicals. The big chain stores and fast food places like it because it lasts forever.  Happily handgrown organic crops selling well, taste great, and nourish the soul.

 

Sat, 06/30/2012 - 15:32 | 2577477 Vic Vinegar
Vic Vinegar's picture

Great stuff dude.  Totally agree.

GMO labeling is going to be voted on in California this fall.  This is something everyone - from slewie to Robot to Rainman to every other spacemonkey out there - should get behind.

http://www.naturalnews.com/036160_GMO_labeling_California_ballot_measure...

Sat, 06/30/2012 - 20:19 | 2577779 Paul Atreides
Paul Atreides's picture

100% behind you VV, it angers me that GMO veggies are not labeled up here in Canada.

Sun, 07/01/2012 - 14:52 | 2578931 Cathartes Aura
Cathartes Aura's picture

NAFTA, unfair advantage, all things being equal, yadda yadda. . .  feed crop for feed lot(s).

Sat, 06/30/2012 - 21:46 | 2577896 Hangfire
Hangfire's picture

Doesn't have to be organic to "taste great and nourish the soul", that's the kind of line that makes my farmer relatives just laugh at the average persons understanding of how the farming world works.  

Sun, 07/01/2012 - 09:35 | 2578352 Umh
Umh's picture

While I essentially agree with you that food doesn't need to be organic to taste great. I grew up on and around farms, but I've given up on eating certain foods that I have to get from grocery stores. The high chance that peaches, apples, plums won't taste good keeps me from buying them unless I know that they are fresh ( this usually means local).

People do deserve to know what they are eating; food needs to be accurately labelled. If someone chooses to pay more for organic carrots let'em. If someone doesn't want to eat GM foods let them eat something else; hell it will create another niche market,

Sun, 07/01/2012 - 10:10 | 2578378 DaveyJones
DaveyJones's picture

Jeffery Smith has done some great work in the GMO area. GMOs are probably the most dangerous least understood science project we have ever played with.

http://video.google.com/videoplay?docid=4147551008386395793#

also recommend the documentary THe Future of Food http://www.youtube.com/watch?v=jNezTsrCY0Q 

and A Farm for the Future

http://www.youtube.com/watch?v=xShCEKL-mQ8

Resource limits including water (tables and aquifers) will probably give us no choice but to return to permaculture methods which is how man played with food for most of his existence. Just shipping food thousands of miles, despite all the resource waste, reduces its nutrition tremendously before it makes it into your mouth. There are many biointensive methods (John Jeavons) and year round techniques (Elliot Coleman) together with the 7 layer method of permaculture and perennial crops which are amazingly more productive per square foot than any "modern" methods. If local, they also require less labor   

Sun, 07/01/2012 - 14:58 | 2578938 Cathartes Aura
Cathartes Aura's picture

permaculture just makes intuitive sense, great links DaveyJones

GMOs are probably the most dangerous least understood science project we have ever played with.

GMO fud crops, enforced "medical care" - sounds like a way to monitor the ongoing experiment with toxicity, see how it "effects" the herd, where to tweek it in the future to get the desired results. . .

Sat, 06/30/2012 - 13:42 | 2577246 geoffb
geoffb's picture

The wrath of grapes?

Sat, 06/30/2012 - 13:55 | 2577265 Raul Duke
Raul Duke's picture

only that family moved because of industrial progress, because of tractor. now what ? back to manual labor ? i dont think so

Sat, 06/30/2012 - 14:02 | 2577280 blunderdog
blunderdog's picture

     now what ? back to manual labor ? i dont think so

Oh, it's coming, it'll just take a good long while. 

The transition from a labor-intensive society to a fuel-intensive society was very rapid.  The transition back will be much slower, but put simply, most of the developed world isn't going to be able to AFFORD this shit for too much longer. 

Still, it'll be for the benefit of most of the world's population, as most of the world's population is going to remain dirt-poor.

Sat, 06/30/2012 - 15:07 | 2577415 MsCreant
MsCreant's picture

I saw that.

Sat, 06/30/2012 - 20:51 | 2577822 Milestones
Milestones's picture

Nice play with words.            Milestones

Sat, 06/30/2012 - 14:12 | 2577302 steelrules
steelrules's picture

Farming, Oil & gas and Defence industry states seem to be doing just fine.

Everyone else is S.O.L.

Sat, 06/30/2012 - 17:49 | 2577646 post turtle saver
post turtle saver's picture

Welcome to Texas. You can add high tech while you're at it.

Sat, 06/30/2012 - 21:30 | 2577874 Lord Koos
Lord Koos's picture

Yep, and it's not like oil, gas, and defense are subsidized or anything.

Sat, 06/30/2012 - 14:38 | 2577356 tony bonn
tony bonn's picture

this factoid is a prime example of using faux statistics to make any point you want....i would flush this one down the toilet.

Sat, 06/30/2012 - 14:40 | 2577360 NervousRex
NervousRex's picture

!Awesome graph!

Some states are chronic.

<snark>They must need to re-define unemployment; clearly there's a statistical error.</snark>

 

 

Sat, 06/30/2012 - 14:45 | 2577370 ArkansasAngie
ArkansasAngie's picture

Arkansas' numbers are skewed by the fact that a good many Arkansans are counted amongst the don't count as unemployed.

And ... by golly ... we here hope the rest of the world forgets we exist.

Sat, 06/30/2012 - 14:47 | 2577374 RobotTrader
RobotTrader's picture

I hope more and more people leave California so I can have the place to myself but the "dreamers" keep flocking here in droves.  I see no end to the clamoring for the California lifestyle.  Homebuilding is really accellerating again.

Sat, 06/30/2012 - 15:21 | 2577449 delacroix
delacroix's picture
  1. the homebuilding, is mostly completion of phases,    where the fees have already been paid, and the underground is already in. when thats over,the costs will increase. I don't see anyone breaking ground.
Sat, 06/30/2012 - 15:48 | 2577501 Bolweevil
Bolweevil's picture

Re-fi is the new black. The only construction is completion of projects shuttered during downturn.

Sat, 06/30/2012 - 18:12 | 2577666 GCT
GCT's picture

Funny how CA sent their politicians to Texas to see how they are doing it!  Left CA a long time ago not in Texas.  Visited my father last year the only thing left were illegals. 

I prefer raising cattle organically and farming to CA anyday of the week. 

Sun, 07/01/2012 - 10:08 | 2578385 DaveyJones
DaveyJones's picture

as you said, it's because the gas is so cheap

Sat, 06/30/2012 - 14:54 | 2577381 Atomizer
Sat, 06/30/2012 - 20:40 | 2577802 mendolover
mendolover's picture

That is WAY too a flattering charicature of Barbara Boxer.  A slug would have been much more appropriate.

Sat, 06/30/2012 - 15:01 | 2577395 Jerk McGurken
Jerk McGurken's picture

Long time lurker, first time poster who feels like the fat, slow, english-as-a-second-language kid at the back of the class, but I can't understand the color coding on this graph. Insight, anybody?

Sat, 06/30/2012 - 15:08 | 2577418 Atomizer
Atomizer's picture

State vs. Year vs. Safety zone in dodging soda drink tax.

Sat, 06/30/2012 - 15:09 | 2577422 Temporalist
Temporalist's picture

Look to the right side of the graph and then scroll down.  It is in decending order, orange to blue, with highest unemployment state at the top and lowest at the bottom for 2012.  The blue to orange waves just show from high to low unemployment swings over 40 years for each state.

Sat, 06/30/2012 - 15:09 | 2577425 MsCreant
MsCreant's picture

Bluer means more below national employment average, oranger means more above national average.

Sat, 06/30/2012 - 15:17 | 2577447 Atomizer
Atomizer's picture

 

 

RED means… ‘ get out of dodge’ 

Scranton officials say there will be no bankruptcy BY JOSH MROZINSKI (Staff Writer)

Published: October 14, 2011 

Stockton Drama Heads to Bankruptcy Court

http://www.bondbuyer.com/issues/121_124/stockton-california-slash-debt-budget-declare-bankruptcy-1041338-1.html

 

Sat, 06/30/2012 - 15:29 | 2577468 Clever Name
Clever Name's picture

No, its their own state average, not the national average. Right?

And this seems to show that most (~30) that are below their average? Bullish!

Sat, 06/30/2012 - 15:56 | 2577511 Bolweevil
Bolweevil's picture

You picked a good day to chime in. Usually you would have to suffer the abuses of people pointing out your obviously inferior intellect in your inability to interpret the graph, your junior high locker room handle and avatar, your grammatical errors, typos and the chance that you probably are fat and stupid. Not today though.

Sat, 06/30/2012 - 15:06 | 2577412 Temporalist
Temporalist's picture

I think the most obvious observation is that cold states have lower unemployment with the exception of Michigan.  Reading up from the bottom Virginia is the first state that isn't extremely cold and still has low unemployment.

Sat, 06/30/2012 - 15:23 | 2577455 delacroix
delacroix's picture

Virginia is a right to work state.

Sat, 06/30/2012 - 21:11 | 2577854 cbxer55
cbxer55's picture

Oklahoma is touch and go on the cold. We've had years like this past winter where we did not have any wintery precipitation at all, and the temps were really mild. Than we've had years that there were ice storms, and power outages due to same. Same for summer temps. Last year was crazy hot, this year is really nice. I live six miles from work so do not care one way or the other. My body readily adapts from hot to cold, I do not use the heater in my truck until it gets in the teens. I have not used the ac in it since this year began, unless my wife is with me.

Left CA in 2002 due to no jobs. Been happy as a fly-on-poo since moving to OK.

Sat, 06/30/2012 - 15:14 | 2577433 Son of Loki
Son of Loki's picture

People in those coastal states have sold their $500,000 trailer homes an dmoved to Arizona and Texas for cheeaper houses. The catch is 110 degree weather and Texas houses have doubled (in some place) tripled in cost....forming yet another bubblesince most of these were.......(drum roll.....) bought with zero down loans.....

Sat, 06/30/2012 - 15:50 | 2577499 Future Jim
Future Jim's picture

This chart alone does not foreshadow "reverse migration".

This is a chart of unemployment. the article itself said that people left the flyover states because of high unemployment, which means that unemployed people left, which means that fewer unemployed people remained, which means the unemployment rate would go down in the flyover states.

The unemployed who remained would be more likely to give up, both because remaining is giving up and because a small job market makes the impossibility of employment really obvious ,and as we all know, people who give up looking, are not counted.

Now if the total jobs were increasing faster in the flyover states, then that would imply reverse migration.

Sat, 06/30/2012 - 15:59 | 2577516 orangegeek
orangegeek's picture

The "right to work" states seem to be doing better than the rest.  Texas is one of them.  And it's pretty warm down there.

Sat, 06/30/2012 - 16:05 | 2577532 Laddie
Laddie's picture

This fellow's writings and data need to be considered in any discussion of unemployment in the US. You won't find the MSM talking about it, and you know why.

http://www.vdare.com/rubenstein/index.htm

Sat, 06/30/2012 - 16:33 | 2577573 lotsoffun
lotsoffun's picture

the chart is very pretty but a very poor display of graphic data.  besides which - has anyone commenting lived in north dakota?  it's not called the 'bad lands' because it is a welcoming climate.  why is employment up in these places?  next round of raping natural resources.

i've always wanted to live in europe and #2 was north dakota.  700,000 people and the 1 1/2 times the size of my new york state.  wanna guess why??  tough place to live unless you're a brass monkey

miss your bagels and loxes mommys boy?  (being polite - we all get that) north dakota ain't for you.

 

Sat, 06/30/2012 - 16:48 | 2577597 Dr. Sandi
Dr. Sandi's picture

Since the unemployment numbers are complete crap to start with, how does putting them in a nice, confusing, color chart make them somehow relevant?

If there was some showing of employment based on people working, instead of unemployment based on people collecting benefits, the chart might mean something.

As it is, it's just squiggly splashes of color on a table.

Sat, 06/30/2012 - 23:16 | 2577976 Lord Koos
Lord Koos's picture

Yep, after Cannes, my second choice would be Fargo.

Sat, 06/30/2012 - 16:40 | 2577586 phat ho
phat ho's picture

live in the flyover state of iowa here....ha! Shocked; shocked I tell you to find 2 of the top 10 best places for employment in the country were in Iowa....Ames & iowa city... go figure   usually the highest growth in the state is along the I80 corridor; averaging 12-13% I believe. With the states 2 biggest college towns pple are choosing those over anything else...but then again; this "is" Iowa. recently just moved to one of them myself. (or so I claim  (. ) (. )  Could be eyes, could be boobs, I don't know

Sat, 06/30/2012 - 19:55 | 2577749 Joseph Jones
Joseph Jones's picture

From CA, moved to N. Utah 5+ years ago.  Visited SF Bay Area a few months ago.  Comparing absolutely no construction in CA to the construction frenzy in N. Utah is a revelation.  The sign in Napa warning of red light cameras and $450 minimum fine is burned into my memory.  In Utah they'd burn down the mayor's house who suggested something like that.  Friend's son in Petaluma forked over $330 for a stop sign ticket.  Local here in Utah the lady on the phone, who spoke perfectly English and probably speaks no other language said it's about $105.      

When I first visied here about 10+ years ago you'd not come across a costly late model luxury car if your life depended on it: mostly rusty trucks and 90s era Buicks.  Today there are AMG Mercs, Lexus (big, bad, ugly SUV, etc), Range Rovers, BMW M Series, big ugly Lincoln SUVs, and Cadillac Escalades all over.  Last week at our favorite picnic area with only two parking spaces, was a full size Range Rover and Audio S4, both late models.

Frankly, I wonder if maybe the party's over here.    

Sun, 07/01/2012 - 15:38 | 2579015 Cathartes Aura
Cathartes Aura's picture

moved to Utah eh, that state with the highest anti-depressant usage in the nation, and lots of new jobs & construction related to NDAA spying & new-law enforcement.

that's a fine pairing.

Utah leads the nation in prescriptions for anti-depressants, according to a recent study. "The fact that we're twice the national average with something like anti-depressants begs some explanation," said Dr. Curt Canning, head of the Psychiatric Association of Utah.

http://www.cbsnews.com/2100-18563_162-510918.html

Sat, 06/30/2012 - 22:27 | 2577927 cynicalskeptic
cynicalskeptic's picture

The 'better' states have smaller populations.  Adding jobs in North Dakota has a far larger impact to that state's unemployment rate than adding the same number of jobs in California.

 

As for the funadamentals... Nevada depends on people having disposable income to blow at casinos - as the rest of the country has less to spend, the leisure business loses out... and as service jobs there disappear the boom in LasVegas housing and all else dies.

The Carolinas lost the factory jobs they got from the north 30-40 years ago to China.  Nothing to replace them.   Rhode Island has been hemmoraghing for decades and California has been living beyond its means since the 60's.   The residents want everything but don't want to pay for anything.  They all want houses - no matter how far away they are from jobs.... that model no longer works.

Lots of the jobs being created aren't going to last.  Fracking is a disaster long term - and in the short term is making natural gas unprofitable.  Another North Slope - short term boom - squandered.

 

This nation is still offshoring jobs like mad - an endless pursuit of thecheapest possible labor.  Programming and systems jobs went to Indoa a decade ago Now back office operations liek A/P, A/R and even Purchasing are being sent overseas by bansk who have taken BILLIONS in TARP money and cheap loans.    But the execs are still collecting nmillion dollar bonuses.

 

You can't have a 'service economy' if no wealth is being created anywhere else.  All you end up with are minimum wage cleerks at Walmart (and even thsoe jobs are disappearing thanks to self-checkouts.

 

 The rich are getting richer but the 'trickledown ' is miminal.  They can't spend it as fast asa they're making it.  You can sell a lot more Tauruses than Bentleys.......   and while multimillion dollar houses in Greenwich and high end penthouse co-ops in Manhattan are selling , that is a VERY small part of the total market.   The greater the disparity in wealth and income, the worse off a society is.

 

Sun, 07/01/2012 - 00:45 | 2578070 reader2010
reader2010's picture

You want to know where real jobs are?  They're called the contractors that work in other places and kill the brown people for eight-grand a day. 

Sun, 07/01/2012 - 05:41 | 2578201 3rivers
3rivers's picture

while we're on population statistics, using the US Census for number of voters in the November 2010 election that voted, the number for those aged 18 to 52 totalled 48 million, and those age 52 or older was the other 48 million.   

age 52 would be age 54 in the 2012 election, those are the folks that would not see any of their old age benefits changed going forward.  it seems weird to me, like how the first boomer turned eligible for early age benefits the same week Lehman crashed.

 

 

Sun, 07/01/2012 - 09:03 | 2578320 Charlie the Chump
Charlie the Chump's picture

From the UK the idea of reverse immigration has long been in vogue. The flood of reliable, cheap, young, very well educated Polish workers went into reverse a couple of years ago and the supply of £50 notes in circulation increased following years where most of this denomination disappeared over to Krakow, Warsaw etc.

Now you can't find a reliable Polish plumber for love nor money!

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