About Me

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Los Angeles, California, United States
The blog 'Breaking Bread' is for a civil general discussion, like you might have at the dinner table with guests. The posts 'Economics Without the B.S.' are intended for a general audience that wouldn't have to know the difference between a Phillips Curve, a Laffer Curve, or a Cole Hamels Curve. Vic Volpe was formally educated at Penn State and the University of Scranton, with major studies in History, Economics and Finance, and Business; and, is self-educated since by way of books and on-line university courses. His practical education came from fifty years of work experience in the blue-collar trades as well as a white-collar professional career -- a white-collar professional career in production and R&D. In his professional career and as a long-haul trucker, he has traveled throughout the lower forty-eight. From his professional career alone he has visited many manufacturing plants in the United States, Europe and China. He has lived in major metropolitan areas and very small towns in various parts of the United States. He served three years with the U.S. Army as an enlisted man, much of that time in Germany.

Monday, July 11, 2016

Globalization's Impact

Globalization's Impact


Economics Without The B.S.**: 

[**  Double entendre intended.]

Does an economic decision by Corporate America to open a processing plant in a small community affect the cultural and political makeup of that community -- with regard to economic opportunity, income, racial/ethnic/religious makeup, attitudes about immigration, and the social fabric with a way of life in rural society?

Bureau of Labor Statistics: Occupational Employment Statistics; 

Slaughterers and Meat Packers



A Location Quotient greater than 1.0 means that the particular job/industry has a major impact on the locality. The LA Metro Area and Fresno, CA employ about the same number of people -- Location Quotient for LA Area is 0.34; for Fresno, 6.42. What is the impact in the old Dust Bowl area of the U.S. -- CO, KS, OK, TX?


In a nation governed by a democratic process, where people vote and participate in their local government, what happens in such a community?...especially with regard to the ability to change?

Thought for the Day: I want to be President

Thought for the Day: 


I want to be President

Economics Without The B.S.**: 

[**  Double entendre intended.]



I'm just curious, I wonder what the thought process is -- whether you are Hillary Clinton, George W. Bush, Franklin D. Roosevelt, and especially Donald J. Trump -- when you decide I want to be President of the United States, the most powerful position in the world?