The Nation's Financial Condition

[Jim Malone]

America's Dairy Farmers Are Hurting. A Giant Merger Could Make Things Worse.

https://www.msn.com/en-us/money/markets ... spartandhp

U.S. Agriculture Secretary Sonny Perdue told reporters following an appearance at the World Dairy Expo in Madison that it’s getting harder for farmers to get by on milking smaller herds. “In America, the big get bigger and the small go out,” Perdue said. “I don’t think in America we, for any small business, we have a guaranteed income or guaranteed profitability.”

https://www.esquire.com/news-politics/p ... 5QFvnRt38o

[youthathletics]

Man the US economy is just great for hardworking go getter without an education. Let's look at the fastest growing industries (by number of people employed) in the US where an average blue collar man/women can make a living.

#1 Breweries 211% growth over 10 years. Avg salary $45,000, down 38% over the past 10 years
#3 Mobile Food Services 198% growth over 10 years. Avg salary $19,000, up 20% over the past 10 years
#4 Caring for the Elderly and Disabled 190% growth over 10 years. Avg salary $18,700, down 1% over the past 10 years
#6 Nails Salons 164% growth over 10 years. Avg. salary is $20,300, up 37% over the past 10 years
#7 Under cover crop farmer 143% growth over 10 years. Avg salary is $33,600, up 25% over the past 10 years
#8 Dry pea and bean farming 135% growth over 10 years. Avg salary is $39,700 up 50% over the past 10 years
#10 Distilleries 120% growth over 10 years. Avg salary is $66,500 down 3% over the past 10 years
#11 Industrial sand mining 117% growth over 10 years. Avg salary is $73,400, up 37% over the past 10 years
#12 Barber Shops 114% growth over 10 years. Avg salary is $27,700, up 44% over the past 10 years
#13 Pet care / dog walker 114% growth over 10 years. Avg salary is $22,400, up 24% over the past 10 years
#14 Fishing 111% growth over 10 years. Avg salary is $91,800, up 127% over the past 10 years
#16 Camper/Trailer Manufacturer 107% growth over 10 years. Avg salary is $47,300, up 39% over the past 10 years
#18 Ambulatory Care Services 106% growth over 10 years. Avg salary is $60,900 (some schooling required), up 25% over the past 10 years
#19 Motor Home Manufacturing 106% growth over 10 years. Avg salary is $55,200, up 33% over the past 10 years
#20 Local Delivery Service (pizza, messenger, etc.) 100% growth over 10 years. Avg salary is $35,900, up 24% over the past 10 years
#22 Transit System Manufacturer 97% growth over 10 years. Avg salary is $56,300, up 44% over the past 10 years (There are only 684 of these jobs)
#23 Storage Battery Manufacturer 95% growth over 10 years. Avg salary is $63,900, up 21% over the past 10 years
#24 Motor Vehicle Trim Manufacturer 93% growth over 10 years. Avg salary is $53,300, up 18% over the past 10 years
#25 Light Truck Manufacturer 93% growth over 10 years. Avg salary is $78,800, down 5% over the past 10 years

This is compared to your average college graduate - fresh out - starter job of $51,800. It should be mentioned that those industries above, the average salary includes all educational levels, all seniority levels and experience levels. Those industries with high average pay are likely skewed by college graduate pay in those industries.

Source? These are mostly either part time, low skill, or 2nd type/side gigs. Wonder where jobs that require now college education fall like....electrician, plumber, welder, HVAC, General Construction, Banker, Roofer, Hygienist, Security Guards, Auto Mechanic, Body Shop, Painters, Project Management, Dispatchers, Truckers, Shipping and Logistics, Mass Transit workers...etc.

[jhu72]

Man the US economy is just great for hardworking go getter without an education. Let's look at the fastest growing industries (by number of people employed) in the US where an average blue collar man/women can make a living.

#1 Breweries 211% growth over 10 years. Avg salary $45,000, down 38% over the past 10 years
#3 Mobile Food Services 198% growth over 10 years. Avg salary $19,000, up 20% over the past 10 years
#4 Caring for the Elderly and Disabled 190% growth over 10 years. Avg salary $18,700, down 1% over the past 10 years
#6 Nails Salons 164% growth over 10 years. Avg. salary is $20,300, up 37% over the past 10 years
#7 Under cover crop farmer 143% growth over 10 years. Avg salary is $33,600, up 25% over the past 10 years
#8 Dry pea and bean farming 135% growth over 10 years. Avg salary is $39,700 up 50% over the past 10 years
#10 Distilleries 120% growth over 10 years. Avg salary is $66,500 down 3% over the past 10 years
#11 Industrial sand mining 117% growth over 10 years. Avg salary is $73,400, up 37% over the past 10 years
#12 Barber Shops 114% growth over 10 years. Avg salary is $27,700, up 44% over the past 10 years
#13 Pet care / dog walker 114% growth over 10 years. Avg salary is $22,400, up 24% over the past 10 years
#14 Fishing 111% growth over 10 years. Avg salary is $91,800, up 127% over the past 10 years
#16 Camper/Trailer Manufacturer 107% growth over 10 years. Avg salary is $47,300, up 39% over the past 10 years
#18 Ambulatory Care Services 106% growth over 10 years. Avg salary is $60,900 (some schooling required), up 25% over the past 10 years
#19 Motor Home Manufacturing 106% growth over 10 years. Avg salary is $55,200, up 33% over the past 10 years
#20 Local Delivery Service (pizza, messenger, etc.) 100% growth over 10 years. Avg salary is $35,900, up 24% over the past 10 years
#22 Transit System Manufacturer 97% growth over 10 years. Avg salary is $56,300, up 44% over the past 10 years (There are only 684 of these jobs)
#23 Storage Battery Manufacturer 95% growth over 10 years. Avg salary is $63,900, up 21% over the past 10 years
#24 Motor Vehicle Trim Manufacturer 93% growth over 10 years. Avg salary is $53,300, up 18% over the past 10 years
#25 Light Truck Manufacturer 93% growth over 10 years. Avg salary is $78,800, down 5% over the past 10 years

This is compared to your average college graduate - fresh out - starter job of $51,800. It should be mentioned that those industries above, the average salary includes all educational levels, all seniority levels and experience levels. Those industries with high average pay are likely skewed by college graduate pay in those industries.

Source? These are mostly either part time, low skill, or 2nd type/side gigs. Wonder where jobs that require now college education fall like....electrician, plumber, welder, HVAC, General Construction, Banker, Roofer, Hygienist, Security Guards, Auto Mechanic, Body Shop, Painters, Project Management, Dispatchers, Truckers, Shipping and Logistics, Mass Transit workers...etc.

This is an ordered list of the top 25 fastest growing industries in the US. The industries you list, didn't make the list. I also pulled out the handful of industries where there is no blue collar component, where serious education is required. #2, #5, #9, #15 and #21.

[RedFromMI]

Under Trump, Job Market Has Improved More for Clinton Supporters than Trump supporters

https://t.co/cv1LhygqIB

[Typical Lax Dad]

Greatest economy ever....something doesn’t add up....

https://markets.businessinsider.com/new ... 1028756490

How is that trickle down working out?

[a fan]

From TLD's cite:

Trump promised to eliminate America's budget deficit. But government spending just pushed the 12-month total past $1 trillion for the 2nd straight month.

Silly Liberals. We can't afford single payer.

Four more years! Four more years!

[youthathletics]

Greatest economy ever....something doesn’t add up....

https://markets.businessinsider.com/new ... 1028756490

How is that trickle down working out?

Evidently pretty d@mned good.....there certainly are a lot more people working, even minorities. But when all you focus on is negativity....it seems quite easy find it.

[Typical Lax Dad]

Greatest economy ever....something doesn’t add up....

https://markets.businessinsider.com/new ... 1028756490

How is that trickle down working out?

Evidently pretty d@mned good.....there certainly are a lot more people working, even minorities. But when all you focus on is negativity....it seems quite easy find it.

It’s a borrowed economy

[youthathletics]

Greatest economy ever....something doesn’t add up....

https://markets.businessinsider.com/new ... 1028756490

How is that trickle down working out?

Evidently pretty d@mned good.....there certainly are a lot more people working, even minorities. But when all you focus on is negativity....it seems quite easy find it.

It’s a borrowed economy

Here we go again. It sure is and sure has been for quite some time.

[Typical Lax Dad]

Greatest economy ever....something doesn’t add up....

https://markets.businessinsider.com/new ... 1028756490

How is that trickle down working out?

Evidently pretty d@mned good.....there certainly are a lot more people working, even minorities. But when all you focus on is negativity....it seems quite easy find it.

It’s a borrowed economy

Here we go again. It sure is and sure has been for quite some time.

Yep. So why are you cheering?

[youthathletics]

Greatest economy ever....something doesn’t add up....

https://markets.businessinsider.com/new ... 1028756490

How is that trickle down working out?

Evidently pretty d@mned good.....there certainly are a lot more people working, even minorities. But when all you focus on is negativity....it seems quite easy find it.

It’s a borrowed economy

Here we go again. It sure is and sure has been for quite some time.

Yep. So why are you cheering?

Not cheering....just stating facts.

[Typical Lax Dad]

Greatest economy ever....something doesn’t add up....

https://markets.businessinsider.com/new ... 1028756490

How is that trickle down working out?

Evidently pretty d@mned good.....there certainly are a lot more people working, even minorities. But when all you focus on is negativity....it seems quite easy find it.

It’s a borrowed economy

Here we go again. It sure is and sure has been for quite some time.

Yep. So why are you cheering?

Not cheering....just stating facts.

Fact is it is a borrowed economy. Taking out a loan and spending the money results in more nice things. That's a fact. However the money was borrowed. Is that the same thing as getting a raise. Yes or no? You are happy about people's ignorance.

[youthathletics]

Greatest economy ever....something doesn’t add up....

https://markets.businessinsider.com/new ... 1028756490

How is that trickle down working out?

Evidently pretty d@mned good.....there certainly are a lot more people working, even minorities. But when all you focus on is negativity....it seems quite easy find it.

It’s a borrowed economy

Here we go again. It sure is and sure has been for quite some time.

Yep. So why are you cheering?

Not cheering....just stating facts.

Fact is it is a borrowed economy - Agreed and has been for decades. Taking out a loan and spending the money results in more nice things. That's a fact. However the money was borrowed.Agreed and has been for decades Is that the same thing as getting a raise No. Yes or no? You are happy about people's ignorance. No

[MDlaxfan76]

Greatest economy ever....something doesn’t add up....

https://markets.businessinsider.com/new ... 1028756490

How is that trickle down working out?

Evidently pretty d@mned good.....there certainly are a lot more people working, even minorities. But when all you focus on is negativity....it seems quite easy find it.

Sure looks like 'cheering' to me!

[jhu72]

There are more people working lousy jobs. That has been the story since 2010. The jobs are just as lousy, likely worse, in 2019 as when the trend began post recession under Obama.

- The opioid (and suicide rate) problem is not getting better if you listen to anyone but the Trump administration - this mostly effects the blue collars -- direct result of the lousy job / economy situation. Suicide rates have increased the most dramatically in red state great plains and the rust belt. (South Carolina, Vermont and New Hampshire are the only exceptions to the foregoing generalization)
- Healthcare affordability problem is not getting better if you listen to anyone but the Trump administration - this effects pretty much everyone -- part of the lousy job situation
- The stock market is up - who cares if you don't own stocks. When it does fall, it will not be a small drop, given the length of the run up, 10+ years, putting increased pressure on blue collar retirees and their pension plans.

[Typical Lax Dad]

There are more people working lousy jobs. That has been the story since 2010. The jobs are just as lousy, likely worse, in 2019 as when the trend began post recession under Obama.

- The opioid (and suicide rate) problem is not getting better if you listen to anyone but the Trump administration - this mostly effects the blue collars -- direct result of the lousy job / economy situation. Suicide rates have increased the most dramatically in red state great plains and the rust belt. (South Carolina, Vermont and New Hampshire are the only exceptions to the foregoing generalization)
- Healthcare affordability problem is not getting better if you listen to anyone but the Trump administration - this effects pretty much everyone -- part of the lousy job situation
- The stock market is up - who cares if you don't own stocks. When it does fall, it will not be a small drop, given the length of the run up, 10+ years, putting increased pressure on blue collar retirees and their pension plans.

EXACTLY..... BTW, there are more guys that don't know how to be cheerful and positive:

https://www.spglobal.com/marketintellig ... s/51007844

Obviously they just don't like Trump because Donald and the Government is telling us everything is great..... it must be. We are supposed to cheer for the politicians...

https://www.spglobal.com/marketintellig ... s/53786027

Wait until RPA dis-intermediates many professions......

[jhu72]

There are more people working lousy jobs. That has been the story since 2010. The jobs are just as lousy, likely worse, in 2019 as when the trend began post recession under Obama.

- The opioid (and suicide rate) problem is not getting better if you listen to anyone but the Trump administration - this mostly effects the blue collars -- direct result of the lousy job / economy situation. Suicide rates have increased the most dramatically in red state great plains and the rust belt. (South Carolina, Vermont and New Hampshire are the only exceptions to the foregoing generalization)
- Healthcare affordability problem is not getting better if you listen to anyone but the Trump administration - this effects pretty much everyone -- part of the lousy job situation
- The stock market is up - who cares if you don't own stocks. When it does fall, it will not be a small drop, given the length of the run up, 10+ years, putting increased pressure on blue collar retirees and their pension plans.

EXACTLY..... BTW, there are more guys that don't know how to be cheerful and positive:

https://www.spglobal.com/marketintellig ... s/51007844

Obviously they just don't like Trump because Donald and the Government is telling us everything is great..... it must be. We are supposed to cheer for the politicians...

https://www.spglobal.com/marketintellig ... s/53786027

Wait until RPA dis-intermediates many professions......

Yup. Your one article makes a very good and nearly always overlooked fact, employment numbers and wages always fall in an industry as productivity gains increase. THE PROBLEM IS NOT MEXICANS! The effect is being caused by automation and economists generally think this is a good thing. This is called free market capitalism! Celebrate it!

[Typical Lax Dad]

There are more people working lousy jobs. That has been the story since 2010. The jobs are just as lousy, likely worse, in 2019 as when the trend began post recession under Obama.

- The opioid (and suicide rate) problem is not getting better if you listen to anyone but the Trump administration - this mostly effects the blue collars -- direct result of the lousy job / economy situation. Suicide rates have increased the most dramatically in red state great plains and the rust belt. (South Carolina, Vermont and New Hampshire are the only exceptions to the foregoing generalization)
- Healthcare affordability problem is not getting better if you listen to anyone but the Trump administration - this effects pretty much everyone -- part of the lousy job situation
- The stock market is up - who cares if you don't own stocks. When it does fall, it will not be a small drop, given the length of the run up, 10+ years, putting increased pressure on blue collar retirees and their pension plans.

EXACTLY..... BTW, there are more guys that don't know how to be cheerful and positive:

https://www.spglobal.com/marketintellig ... s/51007844

Obviously they just don't like Trump because Donald and the Government is telling us everything is great..... it must be. We are supposed to cheer for the politicians...

https://www.spglobal.com/marketintellig ... s/53786027

Wait until RPA dis-intermediates many professions......

Yup. Your one article makes a very good and nearly always overlooked fact, employment numbers and wages always fall in an industry as productivity gains increase. THE PROBLEM IS NOT MEXICANS! The effect is being caused by automation and economists generally think this is a good thing. This is called free market capitalism! Celebrate it!

The folks at places like S&P, Gartner and McKinsey are crafting their research to knock down Trump's great news because they don't like him..... Can't get over Hillary losing..... another complainer..... Deloitte: "Compared with the 2018 Manufacturers’ Outlook Survey report, which noted 93.9 percent of manufacturers had a somewhat or very positive outlook on business, the latest report shows that just 67.9 percent are optimistic, with the remaining 32.1 percent having a negative outlook.2 This mixed view of the sector is expected to be the prevailing sentiment for 2020." I encourage people to not pay attention to these folks and just listen to what Donald tells us.......

[jhu72]

Natural Gas boom seems to be over. Prices down due to a glut and the ability of renewables to better compete.

[MDlaxfan76]

Natural Gas boom seems to be over. Prices down due to a glut and the ability of renewables to better compete.

Coal is toast, will be nearly entirely replaced in the next 10 years.
Needs to happen in China where coal remains relatively cheap, but overall this is going to happen pretty fast now.

Saying this truth hurt HRC a lot.

But I'd argue that this was because she did not show any empathy about the challenge to people and regions previously dependent on coal production. And that challenge is indeed massive.

Those cheering the positive benefits of less carbon need to pair that with serious action to mitigate the disruptive effects on people. Big-time retraining and investment programs are necessary.

Natural gas is going to continue to be way lower cost than coal and, in comparison to renewables, has the advantage of not being intermittent, so we're going to continue to see conversion away from coal for major plants, and a continued increase in the contribution of solar, wind, etc. Natural gas production will not be such a gold rush anymore, but we're going to continue to see that source taking over from coal in the mix.

The other two factors that I see are going to be distributed passive energy production (particularly commercial, but also residential) and electric transportation. Both are huge employment opportunities...retraining opportunities, infrastructure build opportunities.