Featured Story

Pittsburgh & Rochester: Best 2018 International Housing Affordability

xDSC03022.jpg

Pittsburgh and Rochester have the best housing affordability among 91 major markets (metropolitan areas with more than 1,000,000 population) in eight nations. Both have a median house price that is 2.6 times the median household income, a measure called the Median Multiple. This is the conclusion of the 15th Annual Demographia International Housing Affordability Survey, which rates housing markets based on estimates from the 3rd quarter of 2018.  read more »

More Stories

Lyfting Herself Up From Her Bootstraps

Screen-Shot-2018-12-31-at-11.35.14-AM.jpg

I occasionally find myself in an Uber or Lyft. I like to hear about the lives of the people who do the driving. They’re overwhelmingly from the distant suburbs and drive in to the city to collect fares. An hour away is the most typical distance. I ask why they don’t just drive near where they live. The numbers don’t add up. Not enough volume. The distances are too far and the empty round trips burn up miles with no income. And the price they get for each trip is geographically sensitive based on supply and demand.  read more »

The Labor Market Is Changing: Is Your Company Ready?

6560329095_74bb1b3ab8_b.jpg

Ever since the economy began to bounce back, with unemployment at an all-time low, the familiar refrain from pundits has been that growth, particularly of the higher wage variety, would head to the tech-oriented elite cities along the coasts. Yet, today, despite the headlines about Amazon’s expansions in New York and Washington, D.C., the real story is the aggressive growth taking place on a changing stage, both in terms of geography and changing labor demands.  read more »

The High Residential Densities of California (and “Wild Wild” Texas)

higher dens hou subs.JPG

US major metropolitan areas show considerable differences in their median house sizes and median lot sizes among major US metropolitan areas. Reviewing the median square footage for owner occupied housing units (single-detached and manufactured/mobile homes) and median lot sizes for single unit houses varies significantly between metropolitan areas although, by contrast, median house sizes are remarkably similar.  read more »

Will Canada Break Up Over Carbon Dioxide?

carbon-carbon-dioxide.jpg

Countries have broken up for very serious reasons like slavery, religious differences and ethnic tensions. But, so far, never in history has a country been at risk of breaking up because of a harmless gas – carbon-dioxide. Canada could, thanks to an ideologically-driven federal government.  read more »

The Middle Kingdom and the U.S. Economy

1200px-Turnbull_selfie_with_Xi_Trump_Quang.jpg

In the poker match between President Donald Trump and China’s new all-but-emperor, Xi Jinping, it’s widely assumed that Xi holds the best hand. Yet President Xi’s hand may not be as awesome as it appears, while the United States, even under this very flawed president, may hold some fine cards.  read more »

The Democrats Finally Won the Suburbs. Now Will They Destroy Them?

4135314862_fc70cc626a_b.jpg

The Democratic Party’s triumphal romp through suburbia was the big story of the midterms.

In 2016 the suburbs, home to the majority of American voters, voted 50 to 45 for Donald Trump; this year, 52 percent went Democratic.  read more »

Amazon, Google, Apple and the Late Capitalism Blues

Amazon_Go_in_Seattle,_December_2016.jpg

We think of the movements of high-tech firms as illustrative of totally new phenomena but it resonates as well with earlier industrial history. The “gilded age” of America, when industries expanded rapidly, produced a growing appetite for labor. Automation in production also expanded output and revenue, but also a growing need for workers.  read more »

Blaming Workers Again

lordstown.jpg

Working-class people often get blamed for their troubles. They should have planned better, been less demanding, or just been smarter. Those are just some of the judgments that surfaced again in the weeks after General Motors’ announcement late in November that it would close five plants in the U.S. and Canada, leaving thousands of workers without jobs.  read more »

Advertisement