[kyle19125]

Originally Posted by kyle19125

The problem with these lists is that they don't go inside the numbers to analyze.

"The state (Florida) ranks as high as it does as a result of reporting some of the strongest economic growth figures over the past half decade. From 2012 through 2017, the state's employment grew at an annual rate of 2.5% and GDP grew at an annual rate of 2.3% compared to national growth rates of 2.5% and 1.7, respectively, over the same period."

Employment growth of 2.5% doesn't address the kind of growth largely being seen which if considering average income numbers is obviously via low paying-lower skill jobs primarily. That's not the kind of "winning" this state needs.

Originally Posted by expatCA

Unfortunately that is true of just about every State. Normal as well, as they are entry level and then smart people move up and stupid ones do not.

Not really. Florida lags behind in better paying jobs and has more/less been allergic to stimulus to bringing in the manufacturing jobs that pay fairly well in other states like SC, GA and AL.

[chopchop0]

Originally Posted by expatCA

Looks pretty good to me:


13. Florida

• 5 yr. GDP annual growth rate: +2.3% (7th largest increase)
• 2017 GDP: $836.1 billion (4th largest)
• June 2018 Unemployment: 3.8% (tied -- 21st lowest)
• 5 yr. annual employment growth: +2.5% (3rd largest increase)

Hating FL does not mean it isn't doing well.

It's no Texas, but it's not bad. Certainly better from a COL standpoint relative to salaries than cali or nyc

[expatCA]

Originally Posted by kyle19125

Not really. Florida lags behind in better paying jobs and has more/less been allergic to stimulus to bringing in the manufacturing jobs that pay fairly well in other states like SC, GA and AL.

Humm,

GA ranked 20
SC ranked 22

Alabama ranked 44

[kyle19125]

Originally Posted by expatCA

Humm,

GA ranked 20
SC ranked 22

Alabama ranked 44

In that study, which measures only "job growth", regardless of salary or whether having benefits/health insurance. Where in FL have manufacturing jobs that pay $18-$24 an hour (entry level) cropped up like they have in the automotive/tire plants in SC, GA and AL for manufacturers like BMW, Mercedes Benz, Kia, Honda, Hyundai, Toyota, Bridgestone and Michelin? FL salary averages remember are also artificially skewed upward by the extraordinary wealth in areas around places like Miami-F Lauderdale, Palm Beach, Naples and Vero Beach.

[expatCA]

Originally Posted by kyle19125

In that study, which measures only "job growth", regardless of salary or whether having benefits/health insurance. Where in FL have manufacturing jobs that pay $18-$24 an hour (entry level) cropped up like they have in the automotive/tire plants in SC, GA and AL for manufacturers like BMW, Mercedes Benz, Kia, Honda, Hyundai, Toyota, Bridgestone and Michelin? FL salary averages remember are also artificially skewed upward by the extraordinary wealth in areas around places like Miami-F Lauderdale, Palm Beach, Naples and Vero Beach.

FL has jobs that pay more and less, just as AL does. However when looked at over all, and many wealthy do not have a salary, they have investment income, so not applicable to this:


Alabama Household Income
According to the Census ACS 1-year survey, the median household income for Alabama was $46,257 in 2016, the latest figures available. Compared to the median US household income, Alabama median household income is $11,360 lower. 2017 Census ACS data (including 2017 Alabama household income numbers) will be released in September of 2018. Alabama median family income and per capita income for Alabama are shown further down.
https://www.deptofnumbers.com/income/alabama/
Florida Household Income

According to the Census ACS 1-year survey, the median household income for Florida was $50,860 in 2016, the latest figures available. Compared to the median US household income, Florida median household income is $6,757 lower. 2017 Census ACS data (including 2017 Florida household income numbers) will be released in September of 2018. Florida median family income and per capita income for Florida are shown further down.
https://www.deptofnumbers.com/income/florida/

[beach43ofus]

https://www.washingtonexaminer.com/w...ect-relentless

Wow, the US added 878,000 Millionaires in the last 12 months! And they all have a place in Florida (so it seems).

Let the great times roll Florida! This season will be great due to all this new wealth and early snow up North.

[RedneckRebel]

Lol dumb liberals here... "13th is bad!" Lol

13 out of 50 aint bad

And a big note, unemployment would be lower if the population wasn't growing so fast. We are creating jobs faster than national rate, but it's still hard to keep up with population growth; a unique problem to Florida. No blue state has a problem like this. Thank God we elected more Republicans to lead our state!

#winning

[chopchop0]

Originally Posted by RedneckRebel

Thank God we elected more Republicans to lead our state!

#winning

As long as they are socially liberal, I don't care. Thankfully if the religious right gets their way in DC and Roe v wade is overturned, I am pretty sure abortion will remain legal in FL, just like medical marijuana, unlike the rest of the deep red south

[kyle19125]

Originally Posted by expatCA

FL has jobs that pay more and less, just as AL does. However when looked at over all, and many wealthy do not have a salary, they have investment income, so not applicable to this:


Alabama Household Income
According to the Census ACS 1-year survey, the median household income for Alabama was $46,257 in 2016, the latest figures available. Compared to the median US household income, Alabama median household income is $11,360 lower. 2017 Census ACS data (including 2017 Alabama household income numbers) will be released in September of 2018. Alabama median family income and per capita income for Alabama are shown further down.
https://www.deptofnumbers.com/income/alabama/
Florida Household Income

According to the Census ACS 1-year survey, the median household income for Florida was $50,860 in 2016, the latest figures available. Compared to the median US household income, Florida median household income is $6,757 lower. 2017 Census ACS data (including 2017 Florida household income numbers) will be released in September of 2018. Florida median family income and per capita income for Florida are shown further down.
https://www.deptofnumbers.com/income/florida/

Yes but now compare Median Household Income versus Average Housing costs for example, especially rent. Income means little if not comparing to cost of living.

[WRnative]

This Credit Suisse wealth report (post 16) reports reflects the period only through mid-2018, when the U.S. economy still was basking in the aftermath of the liquidity infusion from a tax bill that disproportionately favored the wealthy, interest rates were lower, and U.S. equity and asset markets were relatively over-valued compared to the rest of the world. The focus hadn't yet shifted to mounting deficits and a populist revolt against Trumpism (mid-term election takeover of the House of Representatives by the Democrats, as well as Democratic gubernatorial takeovers in crucial electoral swing states such as Wisconsin).

https://www.credit-suisse.com/media/...eport-2018.pdf

In the last few months, I suspect much equity wealth has been destroyed. E.g., the sharp-off in Apple and other FANG stocks, also semiconductor, energy and financial equities, as well as several other market sectors.

I also didn't see anything that said that Florida disproportionately benefited from this wealth impact. However, I didn't read the report carefully.

Hopefully, the Credit Suisse wealth report issued in 2019 won't provide too much more somber tidings.

Also, note that California ranked significantly higher than Florida in the state economic rankings (post 1), and had a GDP growing over 25 percent faster than in Florida. Who would have thought that (certainly not the OP based on other C-D forum postings or the other CA critics so prevalent in FL C-D forums).

https://www.usatoday.com/story/money...mies/37490453/

As Florida's mounting environmental woes take hold, especially inundation with eroding beaches and other coastal impacts, but also more severe and persistent toxic algal blooms and coral reef destruction, it would appear likely that Florida's development- and tourist-focused economy will wane significantly. A vicious economic cycle seems likely in Florida beginning some time in the next couple decades, IMO likely sooner rather than later, and it may dwarf the one experienced by WV as the coal industry collapsed.

If evidence of the onslaught of a vicious methane feedback loop appears, the rush for the exit in FL could become a stampede, and Rick Scott and the other greeders will be the first ones to cut their losses. I wonder how long it will take the Trump family to unload Mar-a-Lago once Trump is out of office. E.g., I wonder what the elevation is of Mar-a-Lago. Will a Trump exit from Palm Beach launch a frenzy of sellers? Just thinking.

https://www.ajc.com/weather/hurrican...ZaoCgS5AUfe9K/