Economics

California Needs More Immigrants

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Southern California, just a few decades ago the fastest-growing region in the high-income world, is hitting a demographic tipping point. With a decade or more of domestic out-migration and a sharp fall in immigration, the region is morphing from a destination that attracts dreamers and builders into a place increasingly dominated by those born or bred here.

To some demographers, this transition from a magnet for migrants to a more native-born population represents something of a boon. As for migrants, one USC demographer wrote that California acts like "a gold pan that sifts through aspiring talent and keeps the best."  read more »

The Value of a Liberal Arts Education in Landing a Job

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North Carolina Gov. Pat McCrory made waves when he said on syndicated radio that he wants to encourage the funding of four-year programs that align with the job market — not those, like gender studies, that do little to help a graduate’s employment prospects.  read more »

Wall Street's Hollow Boom: With Small Business And Startups Lagging, Job Recovery Unlikely

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On Wall Street, even as layoffs mount, the upper echelons are clinking champagne glasses for good reason. The stock market is hitting new highs, propelled largely by Bernanke dollars and strong corporate profits. Big financial institutions like Wells Fargo and JPMorgan have announced record profits.

But on Main Street, for the most part, the mood is far more subdued.  read more »

Subjects:

Should California Governor Jerry Brown Take a Victory Lap?

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"Memento Mori" – "Remember your mortality" – was whispered into the ears of Roman generals as they celebrated their great military triumphs. Someone should be whispering something similar in the ear of Gov. Jerry Brown, who has been quick to celebrate his tax and budget "triumph" and to denounce as "declinists" those who threaten to rain on the gubernatorial parade.  read more »

The Real Winners Of The Global Economy: The Material Boys

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Something strange happened on the road to our much-celebrated post-industrial utopia. The real winners of the global economy have turned out to be not the creative types or the data junkies, but the material boys: countries, states and companies that have perfected the art of physical production in agriculture, energy and, remarkably, manufacturing.  read more »

The Age of Bernanke

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To many presidential idolaters, this era will be known as the Age of Obama. But, in reality, we live in what may best be called the Age of Bernanke. Essentially, Obamaism increasingly serves as a front for the big-money interests who benefit from the Federal Reserve's largesse and interest rate policies; progressive rhetoric serves as the beard for royalist results.  read more »

Gentrification and its Discontents: Cleveland Needs to Go Beyond Being Creatively Classed

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“Indeed, we have the know-how, but we do not have the know-why, nor the know-what-for”—Erich Fromm, social psychologist.

The question of how you “become” as a city has been weighing on me lately. Is it enough to get people back into the emptiness? Is it enough to pretty the derelict? I mean, is the trajectory of Cleveland’s success simply a collection of micro-everythings, start-ups, and occupancy rates? That is, is Cleveland’s reward simply the benefit of being creatively classed?  read more »

America's Growth Corridors: The Key to a National Revival - A New Report

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In the wake of the 2012 presidential election, some political commentators have written political obituaries of the "red" or conservative-leaning states, envisioning a brave new world dominated by fashionably blue bastions in the Northeast or California. But political fortunes are notoriously fickle, while economic trends tend to be more enduring.

These trends point to a U.S. economic future dominated by four growth corridors that are generally less dense, more affordable, and markedly more conservative and pro-business: the Great Plains, the Intermountain West, the Third Coast (spanning the Gulf states from Texas to Florida), and the Southeastern industrial belt.

Read or download the full report from the Manhattan Institute.  read more »

Why The Red States Will Profit Most From More U.S. Immigration

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In recent years, the debate over immigration has been portrayed in large part as a battle between immigrant-tolerant blue states and regions and their less welcoming red counterparts. Yet increasingly, it appears that red states in the interior and the south may actually have more to gain from liberalized immigration than many blue state bastions.

Indeed an analysis of foreign born population by demographer Wendell Cox reveals that the fastest growth in the numbers of newcomers are actually in cities (metropolitan areas) not usually seen as immigrant hubs.  read more »

Failing Economies Shorten Lives

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A recent study has come up with some shocking news: life expectancy of the least educated white Americans, both men and women, is going down. White women without a high school diploma now live five years less on the average than they did 20 years ago: for white male dropouts, the decline is three years.

This is a calamity matched only by the six-year decline in longevity among Russian men in the waning years of Communism there. But that decline, blamed on rampant alcoholism, has been mostly reversed.  read more »