Wednesday, April 4, 2012

Real Total Annual Construction Spending per Capita


Click to enlarge.



Seattle: A man is about to offer an exponential trend line for a routine chart. Suddenly he pauses. He doesn't know why, but he's got to walk away. An hour later the trend goes down in flames. It's dismissed as chance.

Source Data:
St. Louis Fed: Custom Chart

6 comments:

Troy said...

Average annual age 18-60 population growth (parentheticals are with 1M/yr immigrant rate since 1960)

1970s: +1.0% (+1.6%)
1980s: +0.6% (+1.1%)
1990s: +0.6% (+1.0%)
2000s: +0.5% (+0.9%)
2010s: ~0.0% (+0.4%)
2020s: +0.1% (+0.5%)

Stagflationary Mark said...

Troy,

If today is officially Cheer Me Up Thursday and our economic prosperity is dependent on exponential growth, then you are getting off to an awful start, lol. Sigh.

Troy said...

Is there any US industry today wanting for more workers?

I guess ND is doing pretty good now -- 3% UE and ~20,000 new mining jobs

incomes are up, but what the Land Giveth, the Land Taketh Awayeth.

Fritz_O said...

US industry does not want more workers. It wants current workers to do alot more for alot less.

So far, so good...

Stagflationary Mark said...

Troy,

Is there any US industry today wanting for more workers?

The Soylent Green industry? I can't believe I went there.

Stagflationary Mark said...

Fritz_O,

The end game is one highly compensated CEO with a billion intelligent robots.

It's theoretical of course. In practice things might have some unintended consequences.