
What is the one industry in America where there is total job security right now? Spam manufacturing (thx LoLo):
The economy is in tatters and, for millions of people, the future is uncertain. But for some employees at the Hormel Foods Corporation plant here, times have never been better. They are working at a furious pace and piling up all the overtime they want.
The workers make Spam, perhaps the emblematic hard-times food in the American pantry.
Take that, everyone who says industry is dead in the United States! Spam is even a union business. Maybe GM and Ford should get some advice from the Hormel folks, who seem to have no problems meeting the demands of the United Food and Commercial Workers International Union Local 9:
Slumped in chairs at the union hall after making 149,950 cans of Spam on the day shift, several workers said they been through boom times before — but nothing like this.
Spam “seems to do well when hard times hit,” said Dan Bartel, business agent for the union local. “We’ll probably see Spam lines instead of soup lines.”
If you’re not sure what Spam is, it’s, um… gelatinous processed pork, with spice. Think of low-grade pate, but with more structure. And here’s what else is still moving off the shelves in your supermarket:
Pancake mixes and instant potatoes are booming. So are vitamins, fruit and vegetable preservatives and beer, according to data from October compiled by Information Resources, a market research firm.
Cheap carbohydrate, cheap meat, beer and vitamins. Yum! When the economy turns, go long the weight loss stocks.


Lolo, ESQ // Nov 15, 2008 at 7:59 pm
long on mechanically separated chicken
alyx // Nov 15, 2008 at 8:01 pm
long on microwaveable spotted dick
lolo mobile // Nov 15, 2008 at 8:33 pm
long on natty ice and beast
Anthony J. Alfidi // Nov 16, 2008 at 2:24 am
Don’t knock Spam! Hawaiians put it in fried rice.
Porlock Junior // Nov 16, 2008 at 4:49 am
Michael Pollan, of Omnivore’s Dilemma, wrote about the massive and partly government-sponsored advancement of cheap carbohydrate and protein well before these numbers started coming in. I really must read his books soon.
BTW Japanese-Americans in California are said to make quite a tasty dish with the stuff.
Roberto Lupi // Nov 16, 2008 at 6:01 am
Damnit, I wrote a dieting program for the iPhone and the American go fasting with crap food. Oh well, I’ll catch another dieting trend when the economy recovers. Waist lines seems to be countercyclical and numeraically measureable, I wonder if there is derivative based on them…
It could be quite useful to headge my risks
Lolo, ESQ // Nov 16, 2008 at 7:58 am
long on government cheese
alyx // Nov 16, 2008 at 9:27 am
@Anthony: Hawaiians have dedicated a yearly festival to the Spam. I am impressed:
Frying anything tends to make it 100% better, so it makes sense.
Lolo, ESQ // Nov 16, 2008 at 11:18 am
massive win
CB // Nov 16, 2008 at 12:51 pm
I 2nd long on gov’t cheese
alyx // Nov 16, 2008 at 12:55 pm
Lolo, ESQ // Nov 16, 2008 at 1:17 pm
long on the great american challenge. OHHHHHHH!
Glossolalia Black // Nov 17, 2008 at 7:44 am
Government cheese and Spam on Wonder Bread with Miracle Whip. Mmmm. You will be like the Pharaohs and never rot in the ground.
Lolo, ESQ // Nov 17, 2008 at 9:07 am
wait wait wait, who can afford miracle whip? do you work for GS?
invasive // Nov 17, 2008 at 10:19 am
Don’t forget to go long on:
Mankiw Update | JimSwift.net // Nov 19, 2008 at 1:11 pm
[...] LolFed.com has a funny blurb about recent surging spam sales, noting: “Take that, everyone who says industry is dead in the United States! Spam is even a union business. Maybe GM and Ford should get some advice from the Hormel folks, who seem to have no problems meeting the demands of the United Food and Commercial Workers International Union Local 9.” [...]
Dissecting The Recession’s Hottest Commodities // May 18, 2009 at 12:26 am
[...] been saying for like six months that SPAM is the go-to commodity in times of fail, and sure enough, Hormel just posted a 6% increase in first-quarter sales. If you’re [...]