Comments (4)

  1. HI
    very interesting observations
    As a retired U.S. Army Corps of Engineers officer with degree in civil engineering who built roads and more in Korea and monitored road and airfield building in Viet Nam – my comment is
    Professional civil engineer organizations will ALWAYS rate existing infrastructure as inadequate and lobby for greatly increased funds to keep their members busy and expand purchase of big engineer equipment

  2. Robert Carr says:

    The only thing that will really effect markets is earnings and dividends, or expected changes. We all put far to much emphasis on the presidential elections. Predicting what promises will actuallly occur, come to fruition, is about as unreliable as predicting stock prices in a given time frame.

  3. Anna Roberts says:

    I thought unemployment was very low. Where are the workers to fill the wonderful and glamorous infrastructure jobs going to come from?

    1. Lindsay Hall says:

      Hi, Anna:

      Sorry for the slow response. I’ve been on the road a bit today.

      Per your question, if you look at the official unemployment rate, there doesn’t appear to be a big pool of idle workers. However, the participation rate is way down versus past expansions and the way the government figures things, these folks get dropped out of the calculation. You can see that in the attached chart from The Economist, looking at the prime working age of 25 to 54, particularly for the less educated.

      Therefore, there should be ample workers to help built out an effective infrastructure program, though I have serious doubts about the “effective” part if the government runs future efforts the way they have over the past 10 years or so.

      Thanks for you interest and inquiry.

      Dave

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