Power to the People!

The following chart shows real annualized power construction spending per capita (October 2013 dollars).<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiF1b84f97Pjd_AkqGRNR-Bo0JADXj_3pPt6VrQvJQXFCes0dyLtj1U_lk7atC5edy565jyhO2G2OasdCplisCfOdBbEXSUKKD9LfEXnO225PSUt5TGV_Hbyln-cBoaoguDdfOZttD025Y/s1600/Power+to+the+People.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiF1b84f97Pjd_AkqGRNR-Bo0JADXj_3pPt6VrQvJQXFCes0dyLtj1U_lk7atC5edy565jyhO2G2OasdCplisCfOdBbEXSUKKD9LfEXnO225PSUt5TGV_Hbyln-cBoaoguDdfOZttD025Y/s320/Power+to+the+People.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />Tack on another $117 per year that will ultimately be passed on to the people (each man, woman, and child).<br /><br />Hey, maybe it won't appear all at once though, thanks to the Fed's ZIRP providing long-term financing at supposedly super cheap long-term interest rates. That debt could potentially just brew and percolate for a few decades perhaps. So we've got that going for us, which is nice.<br /><br /><a href="http://en.wikipedia.org/wiki/Power_to_the_people_%28slogan%29">Power to the people (slogan)</a><br /><div style="color: #666666;"><br /></div><div style="color: #666666;"><i>During the 1960s in the United States, young people began speaking and writing this phrase as a form of rebellion against what they perceived as the oppression by the older generation, especially The Establishment.</i></div><br />With <a href="http://research.stlouisfed.org/fred2/graph/?g=pwv">$90+ oil</a>, power to the people has a whole new meaning now of course.<br /><br />It doesn't look like we can expect much power construction job growth per capita from here. As seen in the chart, real spending per capita is just sliding along sideways at a higher new normal. I guess we'll just have to make it up on fast food jobs.<br /><br /><b>August 29, 2013</b><br /><a href="http://www.npr.org/blogs/alltechconsidered/2013/08/28/216541023/the-fast-food-restaurants-that-require-few-human-workers">The Fast-Food Restaurants That Require Few Human Workers</a><br /><div style="color: #666666;"><br /></div><div style="color: #666666;"><i>"<span style="color: red;">The fight for $15 is a fight against technology, not management — and that's a fight that these union-organized </span><span style="color: red;">protestors</span><span style="color: red;"> can't win.</span> Instead of securing a bigger paycheck, the less-experienced employees demanding a more than 100 percent pay increase will find their jobs replaced by less-costly alternatives," Michael Saltsman, research director at EPI, said in a statement.<br /><br />...<br /><br /><i>Today, Amsterdam's Febo chain of stores feature only vending-machine service for burgers, fries and more. A few employees are responsible for stocking the items behind the machines but way out of customer view, so <span style="color: red;">you can walk up, drop in your coins and get a hot meal after a long night out without talking to anyone face-to-face</span>.</i></i></div><br />Introverts of the world unite! I say this as an introvert who generally enjoys gallows sarcasm of course. Deep sigh.<br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=pwu">St. Louis Fed: Custom Chart</a>

Power to the People!

The following chart shows real annualized power construction spending per capita (October 2013 dollars). Click to enlarge. Tack on another $...

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