Middle Class

Why British Prosperity is Hobbled by a Rigged Land Market

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The British have the least living space per head, the most expensive office rents and the most congested infrastructure of any EU-15 country. Thanks to a rapidly growing population –  the result of a healthy birth-rate and immigration – these trends are worsening steadily. At the same time, the British economy is languishing in a prolonged slump brought on by a collapse of demand. The answer is obvious: Britain needs to build more. Unfortunately, the obstacles to development are formidable.  read more »

Marissa Mayer's Misstep And The Unstoppable Rise Of Telecommuting

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Marissa Mayer’s pronunciamento banning home-based work at Yahoo reflects a great dilemma facing companies and our country over the coming decade. Forget for a minute the amazing hubris of a rich, glamorous CEO, with a nursery specially built next to her office, ordering less well-compensated parents to trudge back to the office, leaving their less important offspring in daycare or in the hands of nannies.  read more »

Richard Florida Concedes the Limits of the Creative Class

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Among the most pervasive, and arguably pernicious, notions of the past decade has been that the “creative class” of the skilled, educated and hip would remake and revive American cities. The idea, packaged and peddled by consultant Richard Florida, had been that unlike spending public money to court Wall Street fat cats, corporate executives or other traditional elites, paying to appeal to the creative would truly trickle down, generating a widespread urban revival.  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 »

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 »

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 »