RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Rural America Is On The Verge Of Collapse Sat May 25, 2019 5:55 pm | |
| The Economic Innovation Group's (EIG) Distressed Communities Index (DCI) shows a significant economic transformation (from two distinct periods: 2007-2011 and 2012-2016) that occurred since the financial crisis. The shift of human capital, job creation, and business formation to metropolitan areas reveals that rural America is teetering on the edge of collapse.
Since the crisis, the number of people living in prosperous zip codes expanded by 10.2 million, to a total of 86.5 million, an increase that was much greater than any other social class. Meanwhile, the number of Americans living in distressed zip codes decreased to 3.4 million, to a total of 50 million, the smallest shift of any other social class. This indicates that the geography of economic pain is in rural America.
https://www.zerohedge.com/news/2019-05-20/rural-america-verge-collapse?fbclid=IwAR22lAO3kuM3ULNvhySJG1QMqiA8k-r0G28wzF7aIkkMjAAsrHzEN2bZGoc |
|
CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: Re: Rural America Is On The Verge Of Collapse Sat May 25, 2019 8:01 pm | |
| 'Thank' the statists.
|
|