Economics

America's Glass Half-empty, or Half-full?

bigstock-Text-USA-map-25594874_0.jpg

The stock market is high, real estate prices have resurged, even the unemployment rate is dropping, yet Americans still feel pretty down about the future. A survey released in January by the AP-NORC Center for Public Affairs Research had 54 percent of respondents expecting American life to go downhill over the coming decades. In a December survey, 23 percent of respondents said things will improve over time.  read more »

Blue-Collar Hot Spots: The Cities Creating The Most High-Paying Working-Class Jobs

bigstock-Auto-Industry-8566.jpg

It’s a common notion nowadays that American blue-collar workers are doomed to live out their lives on the low-paid margins of the economy. They’ve been described as “bitter,” psychologically scarred and even an “endangered species.”  Americans, noted one economist, suffered a “recession” but those with blue collars endured a “depression.”  read more »

Rich, Poor, and Unequal Zip Codes

morrill-uneq-lead.jpg

Income inequality is an increasingly dominant theme in American culture and politics. Data from the IRS covering mean and median income of filing households for 2012 by zipcode allow us to map and interpret the fascinating geography of income differences. Where are the richest areas, the poorest and the most unequal?  read more »

Selfies Replace Focus on Big Picture

Engineers.jpg

Maybe it's my age, but, somehow, the future does not seem to be turning out the way I once imagined. It's not just the absence of flying cars, but also the lack of significant progress in big things, like toward space colonization, or smaller ones, like the speed for most air travel or the persistence of poverty.  read more »

Subjects:

Why State Economic Development Strategies Should Be Metro-Centric

iStock_indianapolis.jpg

Globalization, technology, productivity improvements, and the resulting restructuring of the world economy have led to fundamental changes that have destroyed the old paradigms of doing business. Whether these changes are on the whole good or bad, or who or what is responsible for bringing them into being, they simply are. Most cities, regions, and US states have extremely limited leverage in this marketplace and thus to a great extent are market takers more than market makers. They have to adapt to new realities, but a lack of willingness to face up to the truth, combined with geo-political conditions, mean this has seldom been done.  read more »

The Divisions In The One Percent And The Class Warfare That Will Shape Election 2014

Inequality.jpg

There’s general agreement that inequality will be the big issue of this election year. But to understand how this will play out you have to go well beyond the simplistic “one percent” against everyone else mantra that has to date defined discussion of inequality.  read more »

Political, Economic Power Grow More Concentrated

bigstock-obama.jpg

Generally speaking, we associate the quest for central government control to be very much a product of the extremes of left and right. But increasingly, the lobby for ever-greater concentration of power – both economically and politically – comes not from the fringes, but from established centers of both parties and media power.

Recently, for example, an article by Francis Fukuyama, a conservative-leaning intellectual, called for greater consolidation of federal power, most particularly, the Executive Branch. Ironically, Fukuyama's call for greater central power follows a line most often adopted by “progressive” Democrats, who seek to use federal power to enforce their views on a host of environmental, economic and social issues even on reluctant parts of the country.  read more »

The Abuse of Art in Economic Development

aaronacker.jpg

City building is an imperfect process. Poverty, segregation, and income disparities persist, or worsen, despite longstanding efforts to affect change. The unsightliness of these social failures are called “blight”. Blight is commonly thought to be the antithesis to beauty.  read more »

NewGeography's Top Stories of 2013

2013topstories.png

A new year is upon us, here’s a look back at a handful of the most popular pieces on NewGeography from 2013. Thanks for reading, and happy New Year.  read more »

The Metro Areas With The Most Economic Momentum Going Into 2014

San_Antonio_Skyline.jpg

America’s economy may be picking up steam, but it remains a story of parts, with the various regions of the country performing in often radically divergent ways.  read more »