Nearly Every State is RED
Red in this case, is red ink. Loss of income at the lower and entry level. Check out the carnage we’ve seen since 2009 (after the financial crisis “blew” over):
This chart is a big part of why the Federal Reserve is in its sixth year of pedal to the metal stimulus.
A stimulus made ineffective due to fundamental changes in the US (and soon global) economic system that is destroying work faster than we create it.
The fact that these changes are impacting the lowest income segments shouldn’t be any source of consolation. You are NOT safe from this erosion, even with an education or a protected profession.
This change is destroying work from the bottom up. Eating it whole.
By the time it starts to hit the upper segments of the income ladder, reductions will be inevitable. There won’t be any customers to pay for the services offered. 90% of the economy will be completely on the dole and the government won’t have the funds to pay for it.
PS: the only increase in income is due to the bubble in natural gas.