Demographics

We are often told that America’s future lies in our big cities. That may no longer be entirely true. Some of the strongest job creation and population growth is now occurring in cities of 1 million people or less.  read more »

You may remember Geoffrey West from his TED Talk about the scaling laws of cities that got a lot of press a while back. He has now turned his research findings into a book. Famed physicist Freeman Dyson just reviewed it for the New York Review of Books. His review includes this curious section about genetic drift I found interesting.  read more »

The recently announced departure of New York City-based Alliance Bernstein for Nashville, taking more than 1,000 jobs with it, suggests a potential loosening of New York’s iron grip on the financial-services industry.  read more »

Since 2014, the City Sector Model has been used to portray population trends by functional area within the 53 major metropolitan areas (major metropolitan areas). The current edition classifies small areas (zip code tabulation areas) by demographic factors into five categories (Figure 1). The first two are urban core (central business district and inner ring), while the last three are suburban or exurban.  read more »

Today it is commonly believed that advanced business is a European or even American invention, while the Middle East is a place of eternal non-economic conflict. Yet in reality, the first enterprises and banks evolved in Iraq and Syria, many millennia ago. For most of human history, the bazaars of Aleppo, Baghdad, and Hormuz have been among the most outstanding, and prosperous, centres of global commerce.  read more »

Among America’s largest metropolitan areas, the economic leaders come in two flavors: Southern-fried and West Coast organic. The first group flourishes across a broad range of industries, fed by strong domestic in-migration and a friendly business climate. The other is driven largely by technology and high-end business services clustered around expensive but highly desirable urban areas.  read more »

With unemployment down and wages rising, there’s growing concern that a lengthy and potentially crippling talent shortage will sweep the U.S. Addressing this could become a critical issue for businesses competing with Asian and European firms facing similar and, in many ways, more severe shortages.  read more »

Rent control supporters in California recently announced that they have enough signatures to qualify a state proposition to remove limitations on municipalities to control rents. Their purpose is to improve housing affordability in the nation’s most unaffordable state. However, should the proposition pass, the net effect is likely to be less new rental housing, as investors are likely to flee the market, as they routinely have before.  read more »

So I got into a rather interesting discussion last week in the comments section of Aaron Renn's Urbanophile website in a piece he wrote about population transformation in Pittsburgh and Chicago. And it led to some, well, interesting points that deserve more comment.  read more »

In the past, wrote historian Kevin Starr, California “was a final frontier: of geography and of expectation.” Today in the Trump era, California remains a frontier, but increasingly one that appeals largely to progressives. “California,” recently suggested progressive journalists Peter Leyden and Ruy Teixeira, “today provides a model for America as a whole.”  read more »