Comments on: The Geography of Job Loss http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 18:29:42 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: www.unit58.com http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-188474 www.unit58.com Tue, 30 Jun 2009 19:31:50 +0000 http://www.ritholtz.com/blog/?p=28261#comment-188474 O YOU CLEVER BOSS !!! We Put Our Money In The Bank Now Its Just Not There They Say Our Money Has Disappeared Now We’re In Despair We Believed Our Money With The Bank Was Safe Down In The Vault Now They’ve Gone And Lost It And It’s Not Even Our Fault They Say It’s Called A Credit Crunch All Across The Nation You Can Call it Wot You Like Where’s My Compensation They Paid Themselves With Our Cash And Couldn’t Give A Toss What Happened To The Workers O You Clever Boss So Well Paid And Hidden Away On Your Country Estate If We Sound Bitter It’s Because We Made One Big Mistake We gave You All Our Money You Smiled And Said It Would Grow Now You’ve Gone And Lost it All And We Have Nothing To Show O You Clever Boss Worldwide Copyright Owned By: Unit58 Music Publishing Contact: Nick Redford – Managing Director Tel No: (Outside UK) +44 (UK Only) 07949 246800 Email : musicpublishing@unit58.com O YOU CLEVER BOSS !!!

We Put Our Money In The Bank
Now Its Just Not There
They Say Our Money Has Disappeared
Now We’re In Despair

We Believed Our Money With The Bank
Was Safe Down In The Vault
Now They’ve Gone And Lost It
And It’s Not Even Our Fault

They Say It’s Called A Credit Crunch
All Across The Nation
You Can Call it Wot You Like
Where’s My Compensation

They Paid Themselves With Our Cash
And Couldn’t Give A Toss
What Happened To The Workers
O You Clever Boss

So Well Paid And Hidden Away
On Your Country Estate
If We Sound Bitter It’s Because
We Made One Big Mistake

We gave You All Our Money
You Smiled And Said It Would Grow
Now You’ve Gone And Lost it All
And We Have Nothing To Show
O You Clever Boss

Worldwide Copyright Owned By: Unit58 Music Publishing
Contact: Nick Redford – Managing Director
Tel No: (Outside UK) +44 (UK Only) 07949 246800
Email : musicpublishing@unit58.com

]]> By: geopower http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-180382 geopower Sun, 07 Jun 2009 23:21:13 +0000 http://www.ritholtz.com/blog/?p=28261#comment-180382 and also, Slate already built a map that doesn't have these scale issues: http://slate.com/id/2216238/ and also, Slate already built a map that doesn’t have these scale issues:
http://slate.com/id/2216238/

]]> By: geopower http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-180381 geopower Sun, 07 Jun 2009 23:14:36 +0000 http://www.ritholtz.com/blog/?p=28261#comment-180381 a quibble with the visual representation of job losses- I know you didn't build this graph, but it is still misleading. The graph represents job gains and losses as solid circles with area, but the job losses they represent do not scale with the area of the circle- the immediately visible cue- but with the diameter of the circle. This means that a circle representing twice as many jobs gained or lost has an area 4 times greater- visually overrepresenting larger gains and losses. It would be better to either have pseudo 1-d bar charts to represent job gains and losses, or to scale the area of the circles with gains and losses rather than diameter. a quibble with the visual representation of job losses- I know you didn’t build this graph, but it is still misleading.
The graph represents job gains and losses as solid circles with area, but the job losses they represent do not scale with the area of the circle- the immediately visible cue- but with the diameter of the circle. This means that a circle representing twice as many jobs gained or lost has an area 4 times greater- visually overrepresenting larger gains and losses.
It would be better to either have pseudo 1-d bar charts to represent job gains and losses, or to scale the area of the circles with gains and losses rather than diameter.

]]> By: dragonpaw http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-180321 dragonpaw Sun, 07 Jun 2009 19:51:15 +0000 http://www.ritholtz.com/blog/?p=28261#comment-180321 Red dots, Green dots, Black and blue spots; All trumped up by D.C. hot-shots; a.k.a. BLS (omit "Labor"; leave pure b.s.) Red dots,
Green dots,
Black and blue spots;
All trumped up by D.C. hot-shots; a.k.a. BLS (omit “Labor”; leave pure b.s.)

]]> By: Transcripts : Why Higher Mortgage Rates and Oil Prices Are a Good Thing http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-180263 Transcripts : Why Higher Mortgage Rates and Oil Prices Are a Good Thing Sun, 07 Jun 2009 17:00:27 +0000 http://www.ritholtz.com/blog/?p=28261#comment-180263 [...] folks at TIPS Strategies that is a must see. I cannot embed it, so please use the link to Barry's blog here.The explosion of unemployment is staggering when presented in this format.Complete Story » [...] [...] folks at TIPS Strategies that is a must see. I cannot embed it, so please use the link to Barry’s blog here.The explosion of unemployment is staggering when presented in this format.Complete Story » [...]

]]> By: Rex Tillerson : Why Higher Mortgage Rates and Oil Prices Are a Good Thing http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-180196 Rex Tillerson : Why Higher Mortgage Rates and Oil Prices Are a Good Thing Sun, 07 Jun 2009 08:50:06 +0000 http://www.ritholtz.com/blog/?p=28261#comment-180196 [...] folks at TIPS Strategies that is a must see. I cannot embed it, so please use the link to Barry's blog here.The explosion of unemployment is staggering when presented in this format.Complete Story » [...] [...] folks at TIPS Strategies that is a must see. I cannot embed it, so please use the link to Barry’s blog here.The explosion of unemployment is staggering when presented in this format.Complete Story » [...]

]]> By: Seeking Alpha : Why Higher Mortgage Rates and Oil Prices Are a Good Thing http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-180195 Seeking Alpha : Why Higher Mortgage Rates and Oil Prices Are a Good Thing Sun, 07 Jun 2009 08:48:47 +0000 http://www.ritholtz.com/blog/?p=28261#comment-180195 [...] folks at TIPS Strategies that is a must see. I cannot embed it, so please use the link to Barry's blog here.The explosion of unemployment is staggering when presented in this format.Complete Story » [...] [...] folks at TIPS Strategies that is a must see. I cannot embed it, so please use the link to Barry’s blog here.The explosion of unemployment is staggering when presented in this format.Complete Story » [...]

]]> By: How the Common Man Sees It http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-180032 How the Common Man Sees It Sat, 06 Jun 2009 10:52:57 +0000 http://www.ritholtz.com/blog/?p=28261#comment-180032 P.S. to that. I wasn't laughing at the homeless. I was laughing at the $2,700 per month the bureaucrats managed to spend on those places P.S. to that. I wasn’t laughing at the homeless. I was laughing at the $2,700 per month the bureaucrats managed to spend on those places

]]> By: How the Common Man Sees It http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-180030 How the Common Man Sees It Sat, 06 Jun 2009 08:06:04 +0000 http://www.ritholtz.com/blog/?p=28261#comment-180030 ...and when they lose their homes this is where NYC puts them City turns upscale building in Crown Heights into homeless shelter http://tinyurl.com/qh2bf5 BWA! HA! HA! …and when they lose their homes this is where NYC puts them

City turns upscale building in Crown Heights into homeless shelter

http://tinyurl.com/qh2bf5

BWA! HA! HA!

]]> By: bcarney http://www.ritholtz.com/blog/2009/06/the-geography-of-job-loss/comment-page-1/#comment-180013 bcarney Sat, 06 Jun 2009 04:04:21 +0000 http://www.ritholtz.com/blog/?p=28261#comment-180013 Wake up America!! These are job gains in the government sector or other low paying part time service sector positons which the chart does not specify. These are not manufacturing or other areas that employ the average well paid worker living the American Dream. Look at the areas of the country where the gains are located. Are these the high paying jobs our country has shed? Technology, manufacturing, engineering, automotive, industrial, CALL CENTERS, mid technology jobs, your, and my job????? Is the continuous job drain going to spread to education and medical positions as employees continue to loose benefits and their ability to pay taxes at a high income rate? Do the salaries in the markets gained compare to what was lost dollar for dollar in other regions? Highly doubtful. State governments are colapsing because of lack of revenue from these high paying jobs. Are these jobs paying the same tax base the jobs shed paid??? What standard of living are we driving toward? Are we to become the automotive worker in Japan living in a dorm and working in the factory. Is this Quality Human life? We are in a situation of extreme deflation in salary, home owner assets (the single largest asset the average person has in the US), and personal retirement savings. Where has all the money gone?????? Someone is picking up the slack. The reason the jobs gained occured mostly where the foreclosure rate was the worst is because people were willing to take any job no matter what the hourly rate is to feed their family. This chart does not disclose the average salary gains nor pay for these positions. Let's not celebrate success when it is failure. The world cannot be flat. Wake up America!! These are job gains in the government sector or other low paying part time service sector positons which the chart does not specify. These are not manufacturing or other areas that employ the average well paid worker living the American Dream. Look at the areas of the country where the gains are located. Are these the high paying jobs our country has shed? Technology, manufacturing, engineering, automotive, industrial, CALL CENTERS, mid technology jobs, your, and my job????? Is the continuous job drain going to spread to education and medical positions as employees continue to loose benefits and their ability to pay taxes at a high income rate? Do the salaries in the markets gained compare to what was lost dollar for dollar in other regions? Highly doubtful. State governments are colapsing because of lack of revenue from these high paying jobs. Are these jobs paying the same tax base the jobs shed paid??? What standard of living are we driving toward? Are we to become the automotive worker in Japan living in a dorm and working in the factory. Is this Quality Human life? We are in a situation of extreme deflation in salary, home owner assets (the single largest asset the average person has in the US), and personal retirement savings. Where has all the money gone?????? Someone is picking up the slack. The reason the jobs gained occured mostly where the foreclosure rate was the worst is because people were willing to take any job no matter what the hourly rate is to feed their family. This chart does not disclose the average salary gains nor pay for these positions. Let’s not celebrate success when it is failure. The world cannot be flat.

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