Economics

Two days after the mid-term elections, The Washington Post published an analysis under the headline “These wealthy neighborhoods delivered Democrats the House majority.” That headline is false in several different ways, but it is being repeated among a large group of the punditry because it fits into a class narrative that sees affluent, college-educated white people who live in suburbs as citadels of tolerant decency while white folks  read more »

Portland New Urbanist Joe Cortright has rarely seen a high-density development he didn’t like. Like Marxist economists who always begin their papers by referring to quotations from Karl Marx, Cortright takes his cues from Jane Jacobs.  read more »

Tulsa is joining the parade of places that are providing economic development incentives to people who are willing to relocate there. I previously mentioned Vermont’s program and also that of a Cincinnati suburb.  read more »

The rise of automation and artificial intelligence is keeping many Americans up at night, worrying about their jobs, and certainly those of their children. The World Bank predicts that 57 percent of all jobs in developed countries could be automated in the next two decades. Some studies suggest that almost half of all current jobs will be made redundant while others suggest that past technological innovation created enough new jobs to make for those lost.  read more »

Much of the US population of the United States is located in its major metropolitan areas, those with more than one million population. In 2017, the 53 major metropolitan areas had 56% of the population, and they attracted two-thirds of the population growth from 2000 (present geographical delineation). Economic research, such as by Remy Prud'homme and Chang-Woon Lee at the University of Paris as well as David Hartgen and M.  read more »

It turns out that tech oligarchs aren’t much better than old dogs at learning new tricks. By splitting his much coveted supposed second headquarters between New York City and greater Washington D.C., Amazon’s Jeff Bezos is repeating what worked for him in Seattle while saying “yes, sir” to power.  read more »

On any given night in California, there are about 134,278 people without a home. California, with 12 percent of the U.S. population, has 25 percent of the nation’s homeless people. California’s homeless population increased 13.7 percent between 2016 and 2017. About 36 percent of the homeless population are families with children. About 25 percent of the homeless population have jobs.  read more »

There are few issues, if any, more important than income and poverty. The most successful political jurisdictions, where national or sub national, are characterized by rising incomes and falling rates of poverty. A large and growing middle-class is key to that. But measuring the size and trend of the middle-class is easier said than done.  read more »

A couple of folks had interesting counterpoints to the superstar effect. Neil Strickland gave me permission to post the following email he sent:  read more »

Already anointed by The New Yorker as the “head of the resistance,” Gavin Newsom could well think he’s also king of California politics. He can both sell himself as the model of progressive virtue and also lord of the world’s fifth-largest economy, home to three of the world’s most powerful and influential companies.  read more »