Economics

Party of the People? Or the Oligarchs?

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The Trump uprising, with a renegade capitalist serving as the tribune of the forgotten working class, appears headed toward an inevitable denouement. Trump’s intemperance, jingoism and lack of political skills have undermined the GOP’s ability to reach beyond its base in the South, the exurbs and parts of middle America.  read more »

Looking Forward: A New Agenda

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In their essay, "Looking Forward: A New Agenda," Joel Kotkin and Wendell Cox lay out five key principles for inclusive urban growth. Their piece is part of a new report by the Center for Opportunity Urbanism, Beyond Gentrification: Towards More Equitable Growth, which explores how unbalanced urban growth has exacerbated class divisions, particularly in the urban centers of our largest's metropolitan areas. To read or download the full report click here.  read more »

Gentrification in Dallas

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The Dallas-Fort Worth area has experienced stunning growth, however Dallas remains one of the most economically and segregated cities in America. Through eye-opening data and pointed solutions, Cullum Clark argues that Dallas can become a national leader in reviving upward mobility in his essay, "Gentrification in Dallas".  read more »

Chicago: A Tale of Two Very Different Cities

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A new report by the Center for Opportunity Urbanism, Beyond Gentrification: Towards More Equitable Growth, explores how unbalanced urban growth has exacerbated class divisions, particularly in the urban centers of our largest's metropolitan areas. To read or download the full report click here.  read more »

Gentrification Is Failing in Los Angeles

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If Los Angeles Mayor Eric Garcetti runs for president, he will no doubt point to the high-rises that have transformed downtown L.A. into something of a hipster haven. He could also point to fevered dense development, both planned and already in process, spreading across the Los Angeles basin, particularly near transit stops, as well as an increasingly notable art scene.  read more »

The Bifurcated City

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After drifting toward decrepitude since the 1970s, many core cities have experienced real, often bracing, turnarounds. Yet concern is growing that the revitalization of parts of these cities has unevenly benefited some residents at the expense of others. The crucial, and often ignored, question remains whether the policies that have helped spark urban revivals have improved conditions for the greatest number of residents.  read more »

Today’s Cultural Engineers

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Soviet dictator Joseph Stalin once labeled writers and other creative people “engineers of the soul.” In his passion to control what people saw and read, Stalin both coddled artists and enforced unanimity through the instruments of a police state. Today, fortunately, we don’t face such overt forms of cultural control, but the trends in American and to some extent European mass culture are beginning to look almost Stalinesque in their uniformity.  read more »

The Tech Economy’s Untold Story

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The decisions by Amazon and Google to expand into the New York area have led some pundits to claim that the nation’s high-tech economic future will be shaped in dense urban areas.  read more »

Pittsburgh & Rochester: Best 2018 International Housing Affordability

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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 »

Lyfting Herself Up From Her Bootstraps

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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 »