Pittsburgh business update (Millvale, Penn: sales, neighborhood, restaurants)

[Higherho]

Originally Posted by Tweb66

I never heard of moneytransfers.com and given that they made no mention of population, I wish they hadn't existed. Vermont is the poorest by GDP? Sure, that is a totally irrelevant number if you aren't taking population into account.



The "wonderful" thing about all of this, one can find a way to justify almost any point. Is Florida's economy stronger than Pennsylvania? Well, those that say FL is far stronger can point to a ton of things. But you know what? Our GDP per capita is still far higher than that of Florida. Florida's is actually shockingly low, until your remember how much of their economy is dominating by low paying service jobs (ie, taking tickets at Disney or organizing Bingo at Shady Pines)



https://www.investopedia.com/article...gdp-capita.asp


Then we have some sparsely populated states with extraction economies, making their GDP per capita super high. SC is an interesting one, only that I have spent a lot of time there, there has been many high profile large scale industrial developments relatively recently (Boeing, Volvo, BMW's largest plant) but its still pretty poor overall.

The numbers match what Is publicly available on the Fred site I posted earlier which come from official sources. I agree with your points about FL and such, not disputing that. I was simply showing the raw GDP numbers which do paint part of the picture.

https://fred.stlouisfed.org/series/PANGSP

[Tweb66]

I am not saying your resources are inaccurate, I am saying they are irrelevant. Indonesia's economy is slightly larger than Pennsylvania's. Is your average Indonesian slightly better off than your average Pennsylvanian? That is all that matters.



Hey, Monaco has a smaller GDP than even Vermont. They must all be impoverished!!! See my point?

[Higherho]

GDP metric was never built to determine quality of life / better off than someone else’s. Plus you’re twisting my points as I was pointing out raw numbers which do matter on the overall scale of that economy. But as I mentioned before, it is only part of said equation to determine overall economic health and stability. So I don’t know why you’re debating with me as I was not even making the point that GDP = better life for individuals or the be all determination. I totally know that. So please don’t put words in my mouth.

[Tweb66]

Originally Posted by Higherho

GDP metric was never built to determine quality of life / better off than someone else’s. Plus you’re twisting my points as I was pointing out raw numbers which do matter on the overall scale of that economy. But as I mentioned before, it is only part of said equation to determine overall economic health and stability. So I don’t know why you’re debating with me as I was not even making the point that GDP = better life for individuals or the be all determination. I totally know that. So please don’t put words in my mouth.

No they don't, for reasons I just pointed out (unless you think Indonesia is better off than Monaco?). You posted an article that would leave anyone to believe that Vermont is the poorest state in the nation and its not. If you weren't trying to make that point, just what point are you trying to make?

[Higherho]

Originally Posted by Tweb66

No they don't, for reasons I just pointed out (unless you think Indonesia is better off than Monaco?). You posted an article that would leave anyone to believe that Vermont is the poorest state in the nation and its not. If you weren't trying to make that point, just what point are you trying to make?

AGain putting words in other peoples mouth. Everyone who follows this stuff knows what GDP is, I was not stating anything you mentioned. I pointing to that link to show the overall economic output by measuring the final goods and services (which is what GDP is) is per state. That’s it. You’re adding words and thoughts into other peoples statements which I was not conveying.

If I wanted to show the poorest state, or make the point that the people live worse off in Vermont than WV, I would not only be using GDP to prove that.

[Tweb66]

[quote=Higherho;64800124]AGain putting words in other peoples mouth. Everyone who follows this stuff knows what GDP is, I was not stating anything you mentioned. I pointing to that link to show the overall economic output by measuring the final goods and services (which is what GDP is) is per state. That’s it. You’re adding words and thoughts into other peoples statements which I was not conveying.

If I wanted to show the poorest state, or make the point that the people live worse off in Vermont than WV, I would not only be using GDP to prove that.[/quote]


So before trying to make your point, mind sharing what that "point" actually is?



One could just say PA is doing okay but has issues, better than some, worse than others. Why is that so difficult to accept?

[Higherho]

No, I think we should stop as we’re getting way off topic of Pittsburgh business update and we don’t want another thread closed. So let’s cut it here.

[Craziaskowboi]

Originally Posted by Tweb66

Our GDP per capita is still far higher than that of Florida. Florida's is actually shockingly low, until your remember how much of their economy is dominating by low paying service jobs

Florida's GDP per capita is skewed lower by the number of retirees moving there. When people retire, they stop producing, basically exiting the economy. They still do require services, though, especially in old age, but you're right that those service jobs tend to have low pay, except for medical services. Because of these two factors, Florida is always going to be a laggard in GDP per capita compared to other populous states.

[Nailerman9192]

Originally Posted by Craziaskowboi

Florida's GDP per capita is skewed lower by the number of retirees moving there. When people retire, they stop producing, basically exiting the economy. They still do require services, though, especially in old age, but you're right that those service jobs tend to have low pay, except for medical services. Because of these two factors, Florida is always going to be a laggard in GDP per capita compared to other populous states.

Florida is just a big retirement home and the Villages are the STD capital of the USA. Florida isn’t growing due to a huge influx of job growth. Disney keeps the state relevant for vacationers.

It would be nice if PA could grow but it is unable to keep immigrants that are bused there.

And GDP is one metric that really doesn’t tell the whole story. Vermont has low GDP but there is growth and a high quality of life. It isn’t poor. Vermont is a safer and cleaner place to live than Florida.

I’m just seeing a lot of work that needs done for PA and Pittsburgh. I am interested in seeing how many PA transplants end up in Ohio at the Intel plant.

[gg]

Originally Posted by Craziaskowboi

Florida's GDP per capita is skewed lower by the number of retirees moving there. When people retire, they stop producing, basically exiting the economy. They still do require services, though, especially in old age, but you're right that those service jobs tend to have low pay, except for medical services. Because of these two factors, Florida is always going to be a laggard in GDP per capita compared to other populous states.

The best state to retire in if you want to be outside in sunshine. Sign me up. Such a wealthy powerful state with great amenities. Fun and sun and something we don't have as much....freedom to choose how we live.

Once you have your two homes, one in FL and one in PA, you of course switch to FL as your primary residence due to costs. No state income tax, so no filing needed.