Middle Class

Market Surge Confirms Preference for Homeowning

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Ever since the housing bubble burst in 2007, retro-urbanists, such as Richard Florida, have taken aim at homeownership itself, and its "long-privileged place" at the center of the U.S. economy. If anything, he suggested, the government would be better off encouraging "renting, not buying."  read more »

America’s New Oligarchs—Fwd.us and Silicon Valley’s Shady 1 Percenters

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When Steve Jobs died in October 2011, crowds of mourners gathered outside of Apple stores, leaving impromptu memorials to the fallen businessman. Many in Occupy Wall Street, then in full bloom, stopped to mourn the .001 percenter worth $7 billion, who didn’t believe in charity and whose company had more cash in hand than the U.S. Treasury while doing everything in its power to avoid paying taxes.

A new, and potentially dominant, ruling class is rising. Today’s tech moguls don’t employ many Americans, they don’t pay very much in taxes or tend to share much of their wealth, and they live in a separate world that few of us could ever hope to enter.  read more »

The Triumph of Suburbia

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The “silver lining” in our five-years-and-running Great Recession, we’re told, is that Americans have finally taken heed of their betters and are finally rejecting the empty allure of suburban space and returning to the urban core.  read more »

Class Warfare for Republicans

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As a Truman-style Democrat left politically homeless, I am often asked about the future of the Republican Party. Some Republicans want to push racial buttons on issues like immigration, or try to stop their political slide on gay marriage, which will steepen as younger people replace older people in the voting booth. Others think pure market-oriented principles will, somehow, win the day.  read more »

Genealogy Of Rust Belt Chic

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Some people don't like the term "Rust Belt". Others absolutely hate the word "chic". Please don't call the shifting mesofacts of dying Great Lakes cities "Rust Belt Chic". Given the reaction, a lot of it negative, I decided to blog about how I came up with Rust Belt Chic. Way back in 2006, Shittsburgh was associated with a kind of urban chic. The South Side Slopes celebrated in the New York Times:  read more »

Megacities And The Density Delusion: Why More People Doesn't Equal More Wealth

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Perhaps no idea is more widely accepted among urban core theorists than the notion that higher population densities lead to more productivity and sustainable economic growth. Yet upon examination, there are less than compelling moorings for the beliefs of what Pittsburgh blogger Jim Russell calls “the density cult,” whose adherents include many planners and urban land speculators.  read more »

Progessives, Preservation & Prosperity

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Conservatives often fret that Barack Obama is leading the nation toward socialism. In my mind, that's an insult to socialism, which, in theory, at least, seeks to uplift the lower classes through greater prosperity. In contrast, the current administration and its core of wealthy supporters are more reminiscent of British Tories, the longtime defenders of hereditary privilege, a hierarchical social order and slow-paced economic change.  read more »

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 »