With all of the negative economic news you may not realize that the American economy continues to generate wealth and profits. The following slideshow takes a look at why this surplus is not being invested to stimulate demand or create jobs.
Developing a Native Advertising ProductJack Krawczyk
Much (heated) debate has been placed recently on whether native ads that walk, act and quack like editorial content are misleading and bad for consumers. The philosophical debate is the wrong one; the focus should rather be on what is driving the disruption in the “traditional” interruptive ad format. Taking a look into the causes of this turbulence reflects the current zeitgeist and how a successful native ad product can come to life.
This document summarizes a presentation by Lawrence Yun, Chief Economist of the National Association of Realtors, on the housing market and economic outlook. It includes charts and data on existing home sales, mortgage rates, housing starts, home prices, jobs, unemployment and other economic indicators. The presentation analyzes improving and worsening factors for the housing market and concludes that while the economic recovery is continuing, growth is slower than desired.
Recent Developments in Commercialising Solar Thermal Power in AustraliaSmithers Apex
This document summarizes recent developments in commercializing solar thermal power in Australia. It discusses Australia's solar resource and electricity grid connectivity, the effect of the country's 20% renewable energy target, the Solar Flagships program and long-term cost reductions, and solar thermal developments in the region. It provides details on various solar thermal and solar PV projects that have been proposed or are under development through the Solar Flagships program. It also discusses the role of the Australian Solar Institute in funding solar thermal research and development projects.
Sociocultural and environmental education and the pattern of production in mountain communities. Presented by Fernando Agüero Contreras at the "Perth II: Global Change and the World's Mountains" conference in Perth, Scotland in September 2010.
Slide oresentation by National Association of REALTORS Chief Economist Dr. Lawrence Yun to members and friends of the St. Charles County Association of REALTORS
Rich Overmoyer was invited as a featured speaker at Industry Week's Expansion Management event Rountable in the High Desert. Rich addressed the audience of economic development professionals from around the country on the latest trends that Fourth Economy is seeing in economic development. He met one on one with dozens of participants to share advise on ways they can positon their communities for future job growth.
Before we get too far into the new fiscal year, we thought we’d go back and look at how the IBED world fared in the last round of state budgets. Tax credits continue to be a favored tool to spur growth and investment in the IBED world. Even though budgets are tight, many states have maintained or increased funding for IBED-related tax credits, and a few, such as Nebraska and Virginia have introduced new ones. Supporting commercialization efforts was also high on the list this legislative season. Ohio’s Third Frontier, for instance, has a new Commercial Acceleration Loan Fund worth $25 million. With waning investment from traditional venture capital firms, several states are stepping in to fill the gap. Maryland’s new InvestMaryland program allocates $70 million for venture capital in the innovation economy sector. And though it was developed back in 1989, Economic Gardening has only recently started to catch hold on the regional and state level. Nebraska, Virginia, Pennsylvania, and Michigan have all introduced new initiatives this year. The trend of the year, though, seems to be the restructuring of state-level economic development efforts, with a particular emphasis on engaging the private sector. Many of these efforts are currently facing some controversy, but we wouldn’t be surprised if once the wrinkles get ironed out, this is a trend that’s here to stay.
For both private companies and public organizations, it is a crowded, noisy marketplace. Customers and stakeholders are bombarded with messages, images and impressions. Without an organized marketing and communications strategy, brands become diluted and marketing messages become unclear and inefficient. Fourth Economy examines the big picture surrounding our clients marketing and communications needs by placing ourselves in the most important position relative to your organization… your customer. We stay on the cutting edge of emerging marketing techniques, new and social media and creative information design practices to offer a fresh outlook to your business. We are not a marketing firm. We are strategists considering the big picture of your organization.
Developing a Native Advertising ProductJack Krawczyk
Much (heated) debate has been placed recently on whether native ads that walk, act and quack like editorial content are misleading and bad for consumers. The philosophical debate is the wrong one; the focus should rather be on what is driving the disruption in the “traditional” interruptive ad format. Taking a look into the causes of this turbulence reflects the current zeitgeist and how a successful native ad product can come to life.
This document summarizes a presentation by Lawrence Yun, Chief Economist of the National Association of Realtors, on the housing market and economic outlook. It includes charts and data on existing home sales, mortgage rates, housing starts, home prices, jobs, unemployment and other economic indicators. The presentation analyzes improving and worsening factors for the housing market and concludes that while the economic recovery is continuing, growth is slower than desired.
Recent Developments in Commercialising Solar Thermal Power in AustraliaSmithers Apex
This document summarizes recent developments in commercializing solar thermal power in Australia. It discusses Australia's solar resource and electricity grid connectivity, the effect of the country's 20% renewable energy target, the Solar Flagships program and long-term cost reductions, and solar thermal developments in the region. It provides details on various solar thermal and solar PV projects that have been proposed or are under development through the Solar Flagships program. It also discusses the role of the Australian Solar Institute in funding solar thermal research and development projects.
Sociocultural and environmental education and the pattern of production in mountain communities. Presented by Fernando Agüero Contreras at the "Perth II: Global Change and the World's Mountains" conference in Perth, Scotland in September 2010.
Slide oresentation by National Association of REALTORS Chief Economist Dr. Lawrence Yun to members and friends of the St. Charles County Association of REALTORS
Rich Overmoyer was invited as a featured speaker at Industry Week's Expansion Management event Rountable in the High Desert. Rich addressed the audience of economic development professionals from around the country on the latest trends that Fourth Economy is seeing in economic development. He met one on one with dozens of participants to share advise on ways they can positon their communities for future job growth.
Before we get too far into the new fiscal year, we thought we’d go back and look at how the IBED world fared in the last round of state budgets. Tax credits continue to be a favored tool to spur growth and investment in the IBED world. Even though budgets are tight, many states have maintained or increased funding for IBED-related tax credits, and a few, such as Nebraska and Virginia have introduced new ones. Supporting commercialization efforts was also high on the list this legislative season. Ohio’s Third Frontier, for instance, has a new Commercial Acceleration Loan Fund worth $25 million. With waning investment from traditional venture capital firms, several states are stepping in to fill the gap. Maryland’s new InvestMaryland program allocates $70 million for venture capital in the innovation economy sector. And though it was developed back in 1989, Economic Gardening has only recently started to catch hold on the regional and state level. Nebraska, Virginia, Pennsylvania, and Michigan have all introduced new initiatives this year. The trend of the year, though, seems to be the restructuring of state-level economic development efforts, with a particular emphasis on engaging the private sector. Many of these efforts are currently facing some controversy, but we wouldn’t be surprised if once the wrinkles get ironed out, this is a trend that’s here to stay.
For both private companies and public organizations, it is a crowded, noisy marketplace. Customers and stakeholders are bombarded with messages, images and impressions. Without an organized marketing and communications strategy, brands become diluted and marketing messages become unclear and inefficient. Fourth Economy examines the big picture surrounding our clients marketing and communications needs by placing ourselves in the most important position relative to your organization… your customer. We stay on the cutting edge of emerging marketing techniques, new and social media and creative information design practices to offer a fresh outlook to your business. We are not a marketing firm. We are strategists considering the big picture of your organization.
Introduction of short duration pulses into rice-based cropping systems in wes...ACIAR
This document summarizes a project in Bangladesh that aims to introduce short duration pulses like lentils and peas into rice-based cropping systems to increase pulse production. The project is a collaboration between universities and research organizations in Bangladesh and Australia. It plans to widen the window between rice crops and use techniques like relay cropping and early maturing varieties to grow pulses. Initial findings showed pulses can be grown before or after rice. Constraints identified were waterlogging and diseases. Potential future collaborations discussed other countries and projects addressing similar cropping patterns and climate change adaptation.
BRAR-The Economy and Housing Market - Nov 3kfisher181
The document discusses recent economic performance and outlooks for the U.S. economy, including trends in GDP, employment, manufacturing and housing from 2007-2014. It analyzes indicators such as initial jobless claims, unemployment rates, consumer prices and leading economic indices. Overall, the data shows the economy recovering from the recent recession but growth remaining modest with unemployment still elevated.
Global business management - Topic 1: Global economy and international businessGrenville Lannon
1. The document discusses key concepts related to the global economy and international business, including globalization, economic indicators such as GDP and population trends, and unemployment.
2. GDP per capita, population growth rates and shifts, and unemployment rates can provide important insights for understanding business conditions and opportunities in different markets.
3. The scale and nature of international business is defined, and factors like the role of governments and trade organizations that influence international business are introduced.
This document from the Ministry of Land, Infrastructure, Transport and Tourism contains projections and statistics about population growth, economic growth, urbanization, and climate change impacts in Japan through 2050. It predicts that Japan's population will peak around 2040 and then decline, while the percentage of people over 65 will continue increasing. It also estimates that GDP will continue growing and the majority of people will live in urban areas, concentrating coastal flooding risks from rising sea levels.
Ben Clements, Fiscal Affairs Department, IMFInvestnet
This document summarizes a presentation on public health care reform in advanced and emerging economies. It finds that aging populations and excess cost growth are major drivers of increased public health spending projections in advanced economies. Several reform options are identified that could help contain costs, such as budget caps, greater competition, and restricting supply. Emerging markets face different challenges in expanding coverage affordably while improving outcomes. Learning from advanced economy experiences, a single-payer system and prioritizing primary care are recommended. Overall, the presentation analyzes trends, reform experiences, and options for containing public health spending pressures.
Energy Return on Energy Investment with Professor Charles Hall.
A dynamic look in detail at Energy Return on Energy Investment, from one of the top thinkers on the subject.
The document provides an economic outlook and summarizes key economic indicators from the U.S. and global economy. It shows that after the recession, real GDP and consumption have grown slowly in the U.S. while the housing market remains weak. Unemployment has declined slightly but long-term unemployment remains high. Interest rates are low and inflation is contained. Globally, growth has slowed in Europe with high unemployment, while emerging markets continue growing but at a slower pace than before the recession.
By David J. Spielman, Fatima Zaidi, and Kathleen Flaherty. Presented at the ASTI-FARA conference Agricultural R&D: Investing in Africa's Future: Analyzing Trends, Challenges, and Opportunities - Accra, Ghana on December 5-7, 2011. http://www.asti.cgiar.org/2011conf
The document summarizes population trends in Pakistan from 1950 to 2030. It shows that the urban population has steadily increased over time, growing from 6.5 million in 1950 to an projected 49.8% of the total population by 2030. Meanwhile, the rural population and total population have also increased overall. The urbanization rate increased significantly from 22.1% in 1950 to a projected 49.8% in 2030, with the largest cities like Karachi experiencing the most growth.
The document analyzes population trends in Pakistan from 1950 to 2030, showing that the urban population has increased dramatically from 6.5 million in 1950 to an estimated 125 million in 2030, while the rural population has remained relatively steady. It also examines the percentage of the total population living in urban areas, which has grown from 22.1% in 1950 to an estimated 49.8% in 2030, as well as the average annual growth rates of the urban population in different time periods. Major urban centers like Karachi, Lahore, and Faisalabad have also increased their share of the total urban population over time.
1) The document discusses PPP practices and research in China, given by Prof. Dr. ShouQing Wang from Tsinghua University.
2) It outlines China's rapid economic growth and infrastructure development, the challenges faced in PPP projects in China such as lack of clear laws and guidelines, and PPP research areas like risk allocation and public-private partnerships.
3) A case study is presented on the National Stadium for the 2008 Beijing Olympics, which faced disputes over construction costs, design changes, and revenue generation.
The document discusses challenges and opportunities around energy efficiency. It notes that current energy use is highly inefficient, using fossil fuels is impacting the climate and environment, and dependence on imported oil poses security risks. Transitioning to more efficient and renewable energy can help address these economic, environmental, health and geopolitical issues. The document provides data on historical and current global energy consumption, reserves of fossil fuels, and costs of different energy sources to support pursuing greater energy efficiency and renewable energy.
GCARD Roadmap identifies 6 key areas to focus on for better agricultural innovation and livelihoods: collective priorities, partnerships, investments, capacities, linkages, and impacts. GCARD 2 will focus on foresight, partnerships, and capacity development for impact. The session aims to identify gaps, expected outcomes, and commitments over the next two years. Smallholder farmers remain key, as they farm most of the land and food in developing areas. Sustainable agricultural intensification and a focus on the non-farm rural economy are important for improving livelihoods. Conditions like investment, institutions, and knowledge are needed for smallholder development.
- PRT Growing Services Ltd. is the largest producer of container grown forest seedlings in North America, with 13 nursery sites and over 425 employees.
- The presentation discusses PRT's competitive position, contracted revenue stream, forest seedling market drivers including the housing market and export markets, and the impact of the US housing market downturn on PRT's financial performance between 2008-2011.
- Looking ahead, PRT's growth strategies include leveraging an expected housing market recovery, expanding into regional forestry markets, diversifying into non-forestry starter plants and hardwood seedlings.
This document provides an overview of the Malaysian economy from its history to present day. It discusses the country's growth in GDP, key economic sectors including agriculture, industry and services. It also examines Malaysia's experience with the Asian Financial Crisis in the late 1990s and measures taken for recovery. Inflation in Malaysia is described as generally low and stable from 1988-1996. The objectives of the study are to understand Malaysia's economic growth and business environment through analysis of sectors, financial indicators, and macroeconomic policies.
This document is a scientific paper published in Science in 2001 that describes the sequencing and initial analysis of the human genome. It has 276 authors from 14 institutions. The paper reports that an international public consortium has produced a working draft of the human genome sequence, containing over 90% of the euchromatic DNA. Analyzing this draft sequence provides new insights into human biology and evolution.
After a review of the State of the World --societal, environmental and economic-- we give some data about the Cyprus economy and explain why Innovation is the Way.
This document discusses how strengthening local food economies can help communities economically. It provides data showing that when food is produced and consumed locally, more money stays in the community and creates jobs, rather than leaving the community. However, current industrialized food systems cause wealth to leave communities. The document advocates for policies and programs that support relocalizing food systems through measures like farm to school programs, food hubs, and prioritizing local food procurement. This can boost local economies and reduce health care and infrastructure costs.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
Introduction of short duration pulses into rice-based cropping systems in wes...ACIAR
This document summarizes a project in Bangladesh that aims to introduce short duration pulses like lentils and peas into rice-based cropping systems to increase pulse production. The project is a collaboration between universities and research organizations in Bangladesh and Australia. It plans to widen the window between rice crops and use techniques like relay cropping and early maturing varieties to grow pulses. Initial findings showed pulses can be grown before or after rice. Constraints identified were waterlogging and diseases. Potential future collaborations discussed other countries and projects addressing similar cropping patterns and climate change adaptation.
BRAR-The Economy and Housing Market - Nov 3kfisher181
The document discusses recent economic performance and outlooks for the U.S. economy, including trends in GDP, employment, manufacturing and housing from 2007-2014. It analyzes indicators such as initial jobless claims, unemployment rates, consumer prices and leading economic indices. Overall, the data shows the economy recovering from the recent recession but growth remaining modest with unemployment still elevated.
Global business management - Topic 1: Global economy and international businessGrenville Lannon
1. The document discusses key concepts related to the global economy and international business, including globalization, economic indicators such as GDP and population trends, and unemployment.
2. GDP per capita, population growth rates and shifts, and unemployment rates can provide important insights for understanding business conditions and opportunities in different markets.
3. The scale and nature of international business is defined, and factors like the role of governments and trade organizations that influence international business are introduced.
This document from the Ministry of Land, Infrastructure, Transport and Tourism contains projections and statistics about population growth, economic growth, urbanization, and climate change impacts in Japan through 2050. It predicts that Japan's population will peak around 2040 and then decline, while the percentage of people over 65 will continue increasing. It also estimates that GDP will continue growing and the majority of people will live in urban areas, concentrating coastal flooding risks from rising sea levels.
Ben Clements, Fiscal Affairs Department, IMFInvestnet
This document summarizes a presentation on public health care reform in advanced and emerging economies. It finds that aging populations and excess cost growth are major drivers of increased public health spending projections in advanced economies. Several reform options are identified that could help contain costs, such as budget caps, greater competition, and restricting supply. Emerging markets face different challenges in expanding coverage affordably while improving outcomes. Learning from advanced economy experiences, a single-payer system and prioritizing primary care are recommended. Overall, the presentation analyzes trends, reform experiences, and options for containing public health spending pressures.
Energy Return on Energy Investment with Professor Charles Hall.
A dynamic look in detail at Energy Return on Energy Investment, from one of the top thinkers on the subject.
The document provides an economic outlook and summarizes key economic indicators from the U.S. and global economy. It shows that after the recession, real GDP and consumption have grown slowly in the U.S. while the housing market remains weak. Unemployment has declined slightly but long-term unemployment remains high. Interest rates are low and inflation is contained. Globally, growth has slowed in Europe with high unemployment, while emerging markets continue growing but at a slower pace than before the recession.
By David J. Spielman, Fatima Zaidi, and Kathleen Flaherty. Presented at the ASTI-FARA conference Agricultural R&D: Investing in Africa's Future: Analyzing Trends, Challenges, and Opportunities - Accra, Ghana on December 5-7, 2011. http://www.asti.cgiar.org/2011conf
The document summarizes population trends in Pakistan from 1950 to 2030. It shows that the urban population has steadily increased over time, growing from 6.5 million in 1950 to an projected 49.8% of the total population by 2030. Meanwhile, the rural population and total population have also increased overall. The urbanization rate increased significantly from 22.1% in 1950 to a projected 49.8% in 2030, with the largest cities like Karachi experiencing the most growth.
The document analyzes population trends in Pakistan from 1950 to 2030, showing that the urban population has increased dramatically from 6.5 million in 1950 to an estimated 125 million in 2030, while the rural population has remained relatively steady. It also examines the percentage of the total population living in urban areas, which has grown from 22.1% in 1950 to an estimated 49.8% in 2030, as well as the average annual growth rates of the urban population in different time periods. Major urban centers like Karachi, Lahore, and Faisalabad have also increased their share of the total urban population over time.
1) The document discusses PPP practices and research in China, given by Prof. Dr. ShouQing Wang from Tsinghua University.
2) It outlines China's rapid economic growth and infrastructure development, the challenges faced in PPP projects in China such as lack of clear laws and guidelines, and PPP research areas like risk allocation and public-private partnerships.
3) A case study is presented on the National Stadium for the 2008 Beijing Olympics, which faced disputes over construction costs, design changes, and revenue generation.
The document discusses challenges and opportunities around energy efficiency. It notes that current energy use is highly inefficient, using fossil fuels is impacting the climate and environment, and dependence on imported oil poses security risks. Transitioning to more efficient and renewable energy can help address these economic, environmental, health and geopolitical issues. The document provides data on historical and current global energy consumption, reserves of fossil fuels, and costs of different energy sources to support pursuing greater energy efficiency and renewable energy.
GCARD Roadmap identifies 6 key areas to focus on for better agricultural innovation and livelihoods: collective priorities, partnerships, investments, capacities, linkages, and impacts. GCARD 2 will focus on foresight, partnerships, and capacity development for impact. The session aims to identify gaps, expected outcomes, and commitments over the next two years. Smallholder farmers remain key, as they farm most of the land and food in developing areas. Sustainable agricultural intensification and a focus on the non-farm rural economy are important for improving livelihoods. Conditions like investment, institutions, and knowledge are needed for smallholder development.
- PRT Growing Services Ltd. is the largest producer of container grown forest seedlings in North America, with 13 nursery sites and over 425 employees.
- The presentation discusses PRT's competitive position, contracted revenue stream, forest seedling market drivers including the housing market and export markets, and the impact of the US housing market downturn on PRT's financial performance between 2008-2011.
- Looking ahead, PRT's growth strategies include leveraging an expected housing market recovery, expanding into regional forestry markets, diversifying into non-forestry starter plants and hardwood seedlings.
This document provides an overview of the Malaysian economy from its history to present day. It discusses the country's growth in GDP, key economic sectors including agriculture, industry and services. It also examines Malaysia's experience with the Asian Financial Crisis in the late 1990s and measures taken for recovery. Inflation in Malaysia is described as generally low and stable from 1988-1996. The objectives of the study are to understand Malaysia's economic growth and business environment through analysis of sectors, financial indicators, and macroeconomic policies.
This document is a scientific paper published in Science in 2001 that describes the sequencing and initial analysis of the human genome. It has 276 authors from 14 institutions. The paper reports that an international public consortium has produced a working draft of the human genome sequence, containing over 90% of the euchromatic DNA. Analyzing this draft sequence provides new insights into human biology and evolution.
After a review of the State of the World --societal, environmental and economic-- we give some data about the Cyprus economy and explain why Innovation is the Way.
This document discusses how strengthening local food economies can help communities economically. It provides data showing that when food is produced and consumed locally, more money stays in the community and creates jobs, rather than leaving the community. However, current industrialized food systems cause wealth to leave communities. The document advocates for policies and programs that support relocalizing food systems through measures like farm to school programs, food hubs, and prioritizing local food procurement. This can boost local economies and reduce health care and infrastructure costs.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
1. For Richer or Poorer: Concentrating Wealth
in the American Economy
Jerry Paytas, Ph.D.
2. Every day we hear about how taxes,
regulations and Obamacare are killing
jobs and stifling growth in the American
economy. The prescription is to cut
government, stop whining about the
winners and pull up your own bootstraps!
GOVERNMENT IS KILLING
JOBS
3. If regulation kills jobs, then how do you
explain the growth of a heavily regulated
industry life Life Sciences?
Life Science Jobs Life Science Wages ($B)
14,500,000 $800
14,000,000 $700
13,500,000 $600
13,000,000 $500
12,500,000 $400
12,000,000 $300
11,500,000 $200
11,000,000 $100
10,500,000 $-
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
4. So why were 3.5 million domestic jobs
were lost from 2005-2010 – two of the top
three declines since 1945!
3rd largest percentage
2nd largest absolute loss loss
Domestic Employment, 1945 Percent Change
- 2010 20.0%
160,000,000
15.0%
140,000,000
2
120,000,000
10.0%
100,000,000 1
80,000,000
5.0%
60,000,000 2 1 3
40,000,000 3 0.0%
20,000,000
- -5.0%
1945-1950
1950-1955
1955-1960
1960-1965
1965-1970
1970-1975
1975-1980
1980-1985
1985-1990
1990-1995
1995-2000
2000-2005
2005-2010
1945
1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
2010
-10.0%
Source: National Income and Product Source: National Income and Product
Acconts, Bureau of Economic Analysis Acconts, Bureau of Economic Analysis
5. Two of the largest employment reversals
in the past 65 years have occurred in the
past 20 years? Why are we getting such
severe events with increasing frequency?
THERE MUST BE MORE
GOING ON
6. 1950 to 1990 we had a run of job growth
interrupted by only minor reversals
Domestic Employment, 1945 - 2010
160,000,000
140,000,000
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
-
1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010
Source: National Income and Product Acconts, Bureau of Economic Analysis
7. The profits of American corporations, even
after we adjust for inflation, have continued
to rise, even now while jobs are vanishing
Adjusted Domestic Profits ($1 M) Jobs (1,000)
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$-
1945 1955 1965 1975 1985 1995 2005 2010 2011
Source: National Income and Product Accounts, Bureau of Economic Analysis
8. The gap becomes even more stark if we
index profits and jobs to 1945 levels
Domestic Profit (Adjusted) Domestic Employment
7.00
6.00
5.00
Index (1945 = 1.0)
4.00
3.00
2.00
1.00
-
1945 1955 1965 1975 1985 1995 2005 2010 2011Q2
9. U.S. Corporations are using some of the
money to create jobs outside the U.S.
Source: http://online.wsj.com/article/SB10001424052970203710704577052220096932832.html
10. Companies are also sitting on record amounts
of cash. Microsoft held $53 billion in cash in
June 2011, up from $21 billion in December
2008.
Money has to flow to stimulate demand, but
when it is stuffed in corporate mattresses it
reduces the liquidity that oils the gears of our
economy until the engine locks up
WHAT COULD YOU DO
WITH $53 BILLION
12. If profits have continued to rise, despite
taxes, regulations and Obamacare… and
U.S. Corporations added jobs in high
tax, high regulation nations like France
and Germany, why can’t they invest here?
WHERE HAS THE MONEY
GONE?
13. It has gone to the 1%. The only group to
increase its share of Market Income.
45.0
40.0
35.0
30.0
25.0
20.0 Share of Market Income 1979
Share of Market Income 2007
15.0
10.0
5.0
0.0
Lowest Quintile Second Quintile Middle Quintile Fourth Quintile 81st - 99th Top 1 Percent
Percentiles
Source: Office of Management and Budget
14. But isn’t it true that the rich pay almost
40% of all federal taxes? If we cut
taxes, then we should have more
investment that creates jobs.
REDISTRIBUTION
PREVENTS WEALTH FROM
CREATING JOBS
15. But after taxes and transfers, the richest
20 percent (actually the top 1%) still got all
the marbles!
Adjusted Income 1979-2007
12.0
10.0
8.0
6.0
4.0 Adjusted Income 1979-2007
2.0
0.0
Lowest Quintile Second Quintile Middle Quintile Fourth Quintile Fifth Quintile
-2.0
-4.0
16. When we look at income distribution
between the top and bottom, we can’t
forget that population growth changes
how many people are affected -
QUINTILES DISTORT
17. Each quintile added 15.3 million people
from 1979 to 2007, but only one increased
its share of income
Income Change Relative to Population Change
0.70
0.60
0.50
0.40
0.30
0.20
0.10
-
Lowest Quintile Second Quintile Middle Quintile Fourth Quintile Fifth Quintile
(0.10)
(0.20)
(0.30)
18. Severe inequality kills jobs. When wealth
is highly concentrated, the market for
goods and services dries up. $1M spent
on luxury goods has the same impact on
GDP as $1M spent on necessities, but the
job impacts are very different.
GDP DOES NOT EQUAL
JOBS
20. Ford employs more than 30 people for
every car sold versus less than 12 for
luxury maker Mercedes-Benz, which makes
the Maybach
Jobs per Car
Mercedes-Benz sold 1.1M vehicles
with 96,000 employees in 2010
Mercedes-Benz $1M to buy 40
Fords sustains 100
times the jobs of
Ford sold 5M vehicles with one Maybach
164,000 employees in 2010
Ford
0 5 10 15 20 25 30 35
21. Productivity gains reduce employment only
in the short term. But shifting production
from mass market goods to luxury items
might not affect GDP but it does impact jobs.
The question is whether the concentration of
wealth has short-circuited the link between
rising productivity and job creation….
YOU CAN BE TOO RICH!