Middle Class

10 Most Affluent Cities in the World: Macau and Hartford Top the List


The United States and Europe continue to dominate the list of strongest metropolitan areas (city) economies in the world, according to the Brookings Institution's recently released Global Metro Monitor 2014. This is measured by gross domestic product per capita, adjusted for purchasing power parity (GDP-PPP).  read more »

50 Years of US Poverty: 1960 to 2010


Although inequality is the current focus of concern with income, it is in the end a story of the rich, the middle and the poor, who of course have not gone away.  It is valuable to remind ourselves, particularly the young, about how pervasive poverty was 50 years ago, how poverty declined markedly between 1960 and 1980, after which it has risen again. Most important is to understand what led to the poverty reduction between 1960 and 1980, in order to further understand the power and lure of forces which would return us to the good old days of 1960, or before!.  read more »

U.S. Economy Needs Hardhats Not Nerds


The blue team may have lost the political battle last year, but with the rapid fall of oil and commodity prices, they have temporarily gained the upper hand economically. Simultaneously, conditions have become more problematical for those interior states, notably Texas and North Dakota, that have benefited from the fossil fuel energy boom. And if the Obama administration gets its way, they are about to get tougher.  read more »

Peak Oil, Yes and No


I have an Australian friend who works on an oil drilling platform off the coast of Tasmania. He sent these photos from his phone. Pretty cool, huh? These photos got me thinking about the Peak Oil meme. For the uninitiated there are two camps on the subject.  read more »

International Housing Affordability in 2014


The just released 11th Annual Demographia International Housing Affordability Survey shows the least affordable major housing markets to be internationally to be Hong Kong, Vancouver, Sydney, along with San Francisco and San Jose in the United States. Honolulu, which should reach 1,000,000 population this year (and thus become a major metropolitan market) was nearly as unaffordable as San Francisco and San Jose. An interactive map in The New Zealand Herald illustrates the results.  read more »

Dr. Strangelove: Or How I Learned To Stop Worrying and Love Sprawl (Sort of)


I’m a longtime advocate of walkable, mixed-use, mixed-income, transit-served neighborhoods. But lately I’ve been having impure thoughts about suburbia. Let me explain.  read more »

The Inevitability of Tradeoffs, or Understanding New England’s Sky High Energy Costs


People advance two main sorts of arguments in favor of things for which they advocate: the moral argument (it’s the right thing to do) and the utilitarian one (it will make us better off). As it happens, in practice most people tend to implicitly suggest there’s a 100% overlap between the two categories. That is, if we do what’s right, it will always make us better off too with no down sides at all.

But is that true?  read more »

An Economic Win-Win For California – Lower the Cost of Living


A frequent and entirely valid point made by representatives of public sector unions is that their membership, government workers, need to be able to afford to live in the cities and communities they serve. The problem with that argument, however, is that nobody can afford to live in these cities and communities, especially in California.  read more »

California's Rebound Mostly Slow, Unsteady

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California, after nearly five years in recession, has made something of a comeback in recent years. Job growth in the state – largely due to the Silicon Valley boom – has even begun to outpace the national average. The state, finally, appears to have finally recovered the jobs lost since 2007.

To some, this makes California what someone called “a beacon of hope for progressives.” Its “comeback” has been dutifully noted and applauded by economist Paul Krugman, high priest of what passes for the American Left.  read more »

The “Inner Cleveland” of Trendy Cities


Check out these photos and try to guess where they were taken. If you thought Cleveland, Pittsburgh, Detroit, Buffalo, Cincinnati, or a dozen other Rustbelt towns you’d be mistaken, although your confusion is completely understandable. It’s actually Portland, Oregon – that bastion of liberal, crunchy, hippie, yuppie, hipster, eco-friendliness. Go figure. I’m not putting down Portland. Portland is great. I love Portland. I’m making a point about the reputation of some cities and how we perceive places differently based on a lot of vague stereotypes.  read more »