deanrd
Gold Member
- May 8, 2017
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Amid the optimistic reactions, however, a persistent lack of employment among large numbers of working-age men continues to haunt the economy.
Although large economic differences across regions have always been a characteristic of the United States, that gap appears to be widening. The Harvard University economists Benjamin Austin, Edward Glaeser and Lawrence H. Summers argue that the disparities are sharp among three regions: the prosperous coasts; the Western heartland, with its natural resources and higher education levels; and the Eastern heartland, which extends roughly from Mississippi to Michigan.
That area is suffering from a glut of social and economic ills, including joblessness, disability, opioid-related deaths and rising mortality, they said.
“The income and employment gaps between three regions are not converging, but instead seem to be hardening,” they write in a paper published in the latest edition of the Brookings Papers on Economic Activity. “America appears to be evolving into durable islands of wealth and poverty.”
U.S. Added 313,000 Jobs in February. Here’s What That Means.
The same dynamic occurs when businesses see they can save money by replacing workers with technology that reduces costs in the long run. Manufacturers that kept operations in the United States or built new ones have increasingly relied more on automation and advanced technology than on people. Thus, domestic output has expanded significantly even as payrolls have fallen.
6 Reasons That Pay Has Lagged Behind U.S. Job Growth
The bulk of the jobs are being created in Blue States among liberals.
Wage increases tend to be where the jobs are being created.
At some point, Republicans have got to take a serious look at why they aren't personally seeing the effects of all this good news.
Although large economic differences across regions have always been a characteristic of the United States, that gap appears to be widening. The Harvard University economists Benjamin Austin, Edward Glaeser and Lawrence H. Summers argue that the disparities are sharp among three regions: the prosperous coasts; the Western heartland, with its natural resources and higher education levels; and the Eastern heartland, which extends roughly from Mississippi to Michigan.
That area is suffering from a glut of social and economic ills, including joblessness, disability, opioid-related deaths and rising mortality, they said.
“The income and employment gaps between three regions are not converging, but instead seem to be hardening,” they write in a paper published in the latest edition of the Brookings Papers on Economic Activity. “America appears to be evolving into durable islands of wealth and poverty.”
U.S. Added 313,000 Jobs in February. Here’s What That Means.
The same dynamic occurs when businesses see they can save money by replacing workers with technology that reduces costs in the long run. Manufacturers that kept operations in the United States or built new ones have increasingly relied more on automation and advanced technology than on people. Thus, domestic output has expanded significantly even as payrolls have fallen.
6 Reasons That Pay Has Lagged Behind U.S. Job Growth
The bulk of the jobs are being created in Blue States among liberals.
Wage increases tend to be where the jobs are being created.
At some point, Republicans have got to take a serious look at why they aren't personally seeing the effects of all this good news.