Hows the Economy Where You Live? 3 Interactive Maps Show State-by-State Comparisons ::posted Fri, 26 Dec 2014 18:23:00 +0000:: feeds.feedblitz/~/81812271/0/alternet~Hows-the-Economy-Where-You-Live-Interactive-Maps-Show-StatebyState-Comparisons Is your area booming or busting, or just chugging along? The economy might be leaving a lot of people dissatisfied, but at least were living in a golden age of interactive maps about how the economy sucks. Three different maps released in the last few weeks approach the question from three different angles: wage stagnation, when wages peaked, and men who arent currently part of the labor force. The Wall Street Journals map addresses the question of wage stagnation (click through to see the interactive version of the map), looking county-by-county at whether inflation-adjusted wages are better than they were a decade ago, or not. Dark-colored counties have seen wages increase, while light-colored counties have gone backward. Nearly one-third of all counties, which hold 46 percent of the nations population, have seen a decline in median income in the period from 2004 to 2013, when adjusting for inflation. There isnt a clear red/blue split between the counties that did or didnt decline, though; 280 of about 700 counties that voted for Barack Obama in 2012 saw declines (about 40 percent), while 800 of 2,400 counties that voted for Mitt Romney saw declines (about 33 percent). As the WSJ points out, the biggest wage increases came in states most associated with the energy sector: not just new sites of fracking like North Dakota and Wyoming, but also old-school oil patches like Texas and Louisiana. The states with the declines seem, in particular, to be manufacturing-centered (not just traditional smokestack-industry states like Michigan and Ohio, but also the Carolinas). States with either direct (California, Florida) or indirect (Oregon, via the timber industrys collapse following the collapse in housing construction) housing bubble problems during the 2000s also show up. Another map comes from the Washington Post, as part of an introduction to a multi-part series about the problems facing the middle class. Its an interesting chronological map (click through for the interactive version), filtering out the counties according to in which decade inflation-adjusted incomes peaked. Here, the light-colored counties are the ones doing well (with incomes currently peaking), while the dark-colored counties are doing the worst (having peaked furthest in the past). Rust Belt (especially upstate New York) incomes tended to peak in the 60s, Appalachian incomes peaked in the 70s, and most places incomes peaked in the prosperous 90s. This is vaguely reminiscent of an interactive map I created earlier this year, mapping when counties populations peaked, but the new map shows something very different: the mostly empty counties across the Great Plains that peaked, population-wise, in the 1920s and 1930s are the ones where incomes are peaking right now. Thats partly thanks to the energy sector, especially fracking, but also because of agriculture, which can be profitable but thanks to automation doesnt require any near as large a work force as it used to. The final map is from a New York Times multi-article look at, specifically, men in the work force. Its a map of the percentage of men of prime working age (25-54) who arent working (click through for the interactive version), drilling all the way down to the census tract level. Dark-colored counties have the highest rate of men not working, while light-colored counties have the highest rate of men in the labor force. The lowest rates are in both prosperous urban cores and suburbs in major metropolitan areas, and also in those Great Plains rural counties mentioned above. The highest rates tend to be in high-poverty areas like the Appalachians, reservations, and the Black Belt, and also some agricultural areas with seasonal work forces. While some urban cores have high levels of worker participation, certain others dont (try zooming in on Detroit, for instance). There are also high rates in pockets around major universities; this exposes a weakness of this kind of analysis ... late-twentysomethings pursuing graduate degrees get lumped in with disabled and long-term unemployed persons. A separate chart helps distinguish these categories, but only at a national level; A recent Pew study also found a similar breakdown of what men who arent working do (with ill or disabled a plurality, and unable to find work not a much bigger segment than stay-at-home dads or full-time students). Related Stories Paul Krugman: 4 Surprising Reasons to be Cheerful at the Close of 2014 Paul Krugman Drops a Truth Bomb on Americas Warmongers Paul Krugman Shows How Putins Burst Economic Bubble Is the Essence of Crony Capitalism [Forwarded by the MyLeftBlogosphere news engine. Link to original post below:]
Posted on: Sat, 27 Dec 2014 21:02:14 +0000
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