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What is the future of real estate after Covid-19? Please join Richard Florida, Joel Kotkin, Marshall Toplansky and other leading experts to see where the real estate market is going. We will be discussing issues including the future of office space, retail, affordable housing, inner cities, suburbs and small towns.

Save the date: June 2nd 10:30AM - 12:00PM (1:30PM to 3:00PM EDT)

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Chapman University's Joel Kotkin on C-Span, talking about the effects of the coronavirus pandemic on urban centers in the United States.

With the new class structure resembling that of the Medieval times, freedom of choice around how to live and work is quickly disappearing for small business people, property owners, skilled workers and private sector professionals.

CHECK OUT THE TRAILER for the upcoming new podcast presented by Chapman University, where world renown author Joel Kotkin and tech entrepreneur Marshall Toplansky are exploring what it takes to liberate the global middle class -- sitting down with business, government and citizen leaders to uncover the trends and share insights and tools to forge a better future.

Subscribe to the show on Apple & Stitcher (Spotify coming soon), and on YouTube for show video clips and highlights. Show notes will be available at joelkotkin.com/feudal-future-podcast.

To read more about these ideas, please pick up a copy of Joel Kotkin’s new book, The Coming of Neo-Feudalism: A Warning to the Global Middle Class.

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This show is supported by the Chapman Center for Demographics & Policy, which focuses on research and analysis of global, national and regional demographic trends and explores policies that might produce favorable demographic results over time.

Chapman Center for Demographics & Policy: www.chapman.edu/communication/demographics-policy/index.aspx

The life of trade union leader Jack Mundey, who died this week, is being celebrated across the Australian media. He undoubtedly had a long lasting impact on Sydney, but perhaps in ways most commentators fail to acknowledge. As secretary of the communist controlled NSW Builders Labourers’ Federation from 1968 to 1975, Mundey pioneered a boycott tactic which came to be known as ‘the green ban’. In short, if the union disapproved of a property development on heritage or environmental grounds, BLF members would be withheld from the site. The BLF’s share of the construction workforce was such that this type of strike effectively killed the project.

Mundey came on the scene at a crucial time in Sydney’s post-war history. Cost-efficient developments in transportation technology like motorisation, particularly trucking, and containerization ended the industrial sector’s need for proximity to maritime facilities, which had been the case since settlement, and rail junctions, which had emerged in the mid-19th century. This led to a dramatic transformation in Sydney’s industrial geography, including a process of inner-city deindustrialization. The traditional light industrial ring surrounding the CBD and extending westward along the harbour foreshores began to disappear. Transport hubs which had serviced the ring like Darling Harbour wharves and rail yards became redundant. As factory, workshop and warehouse owners moved their operations to cheaper sites in the western suburbs, industrial workers left the inner-city in droves for the prospect of a quarter acre block. Until now, the cost of housing across inner suburbs was suppressed by low amenity associated with noisy and dirty industry. The departure of these activities combined with locational advantages created the potential for a rapid escalation of land and property values.

Read the rest of this piece at The New City Journal Blogspot.

Young Firms and Regional Economic Growth demonstrates how knowledge-intensive and Main Street entrepreneurs are critical to long-term economic success. Metropolitans and micropolitans that started with stronger entrepreneurial ecosystems, as measured by the share of total employment at firms age five years or fewer (young firm employment share) and by the share of employment at those young firms with a bachelor’s degree or higher (young firm knowledge intensity), saw notably faster employment growth between 2010 and 2017 in the United States.

Most Heartland communities did not participate fully in entrepreneurial-driven job growth. There are multiple causes for the subpar rate of job creation in the Heartland besides low engagement in entrepreneurial activities; lower educational attainment with less emphasis placed on innovation tied to research and development stands out among them. However, no other single factor can claim a higher explanatory power than entrepreneurial activities.

Huge financial incentives to lure manufacturing facilities or other operations into a region is no longer cost-effective. The key to long-term economic success lies in developing environments that are conducive for entrepreneurs to start and scale up their firms.

Read the rest of the piece at Heartland Forward.

Download full report here.