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Re: B402 post# 479150

Monday, 06/10/2024 7:28:03 PM

Monday, June 10, 2024 7:28:03 PM

Post# of 488089
B402, See more disciplined, nuanced, and more insightful articles, and opinion -- You've hit on it. Seemed counterintuitive to me as well considering that the GDP disparities between Blue and Red states are the mirror image of the income inequality.

Gotta be wealth for there to be inequality.

Today, therefore, neither party represents the same types of places it did just 10 years ago. As such, the Democratic Party is now anchored in the nation’s booming, but highly unequal, metro areas, while the GOP relies on aging and economically stagnant manufacturing-reliant rural and exurban communities.

America has two economies—and they’re diverging fast

[...]
Where Republican areas of the country rely on lower-skill, lower-productivity “traditional” industries like manufacturing and resource extraction, Democratic, mostly urban districts contain large concentrations of the nation’s higher-skill, higher-tech professional and digital services.

Yet now comes another wrinkle to the story. Not only are red and blue America experiencing two different economies, but those economies are diverging fast.

In fact, radical change is transforming the two parties’ economies in real time. Which is a key takeaway of a new data analysis—published today—that we developed with the Wall Street Journal’s Aaron Zitner and Dante Chinni.

What do the new numbers show exactly?
[...]
With their output surging as a result of the big-city tilt of the decade’s “winner-take-most” economy, Democratic districts have seen their median household income soar in a decade—from $54,000 in 2008 to $61,000 in 2018. By contrast, the income level in Republican districts began slightly higher in 2008, but then declined from $55,000 to $53,000.

Underlying these changes have been eye-popping shifts in economic performance. Democratic-voting districts have seen their GDP per seat grow by a third since 2008, from $35.7 billion to $48.5 billion a seat, whereas Republican districts saw their output slightly decline from $33.2 billion to $32.6 billion.


Looking deeper, it’s clear that big shifts in industry geography and composition are driving the parties’ changes of identity. Look at the matrix of 10-year trends depicted here:


h/t blackhawks - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170172191

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