The world’s biggest and most dynamic economy derives its strength and resilience from its geographic diversity. Economically, at least, America is not a single country. It is a collection of seven nations and three quasi-independent city-states, each with its own tastes, proclivities, resources and problems. These nations compete with one another – the Great Lakes loses factories to the Southeast, and talent flees the brutal winters and high taxes of the city-state New York for gentler climes – but, more important, they develop synergies, albeit unintentionally. read more »
If the prospects for the United States remain relatively bright – despite two failed administrations – how about Southern California? Once a region that epitomized our country's promise, the area still maintains enormous competitive advantages, if it ever gathers the wits to take advantage of them. read more »
What comes to mind when you think of Los Angeles’ big industries? Motion pictures and other entertainment sectors, yes. Real estate and corporate headquarters, too. But probably not manufacturing.
No other sector, however, contributes more to the Los Angeles metro area’s gross regional product – the final market value of all goods and services in a region – than manufacturing. It accounted for 11% of L.A.’s GRP in 2012, narrowly beating out the real estate and rental and leasing sector (10%). read more »
Ninety years have made a world of difference in the United States. Between 1920 and 2010, the nation's population nearly tripled. But that was not the most important development. Two other trends played a huge role in shaping the United States we know today. The first trend was increasing urbanization, a virtually universal trend, but one which occurred earlier in the high income countries, while the other was a rapidly falling average household size.
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Walt Disney's first version of Tomorrowland came to life in 1955. The attractions were geared towards the space age, and towards the future of transportation that Disney believed scientists of his time were about to create. The imaginary world was intended to “give you an opportunity to participate in adventures that are a living blueprint of our future.” When Tomorrowland opened, its showpiece was the TWA Moonliner exhibit, which contained the Rocket to The Moon; later, its Flight to the Moon gave another perspective. read more »
When you think of financial services, one usually looks at iconic downtowns such as New York’s Wall Street, Montgomery Street San Francisco's or Chicago’s LaSalle Street. But since the great financial crisis of 2007-8 the banking business is on the move elsewhere. Over the last five years (2007 to 2012), even as the total number of financial jobs has declined modestly, they have been growing elsewhere. read more »
California's current economic recovery may be uneven at best, but things certainly look better now than the pits-of-hell period in 2008. A cautiously optimistic New York Times piece proclaimed "signs of resurgence," and there was even heady talk in Sacramento of eventually sighting that rarest of birds, a state budget surplus. read more »
For some time, many in the urban planning community have been proclaiming a "sea-change" in household preferences away from suburban housing in the United States.
Perhaps no one is more identified with the "sea-change" thesis than Arthur C. Nelson, Presidential Professor, City & Metropolitan Planning, University of Utah. Professor Nelson has provided detailed modeled market estimates for California in a paper published by the Urban Land Institute, entitled The New California Dream: How Demographic and Economic Trends May Shape the Housing Market: A Land Use Scenario for 2020 and 2035 (He had made generally similar points in a Journal of the American Planning Association article in 2006). read more »
The preferred story for California's economy runs like this:
In the beginning there was prosperity. It started with gold. Then, agriculture thrived in California's climate. Movies and entertainment came along in the early 20th Century. In the 1930s there was migration from the Dust Bowl. California became an industrial powerhouse in World War II. Defense, aerospace, the world's best higher education system, theme parks, entertainment, and tech combined to drive California's post-war expansion. read more »
Continuing my exploration of the 2011 data from the American Community Survey, I want to look now at some aspects of commuting.
Public transit commuting remains overwhelmingly dominated by New York City, with a metro commute mode share for transit of 31.1%. There are an estimated 2,686,406 transit commuters in New York City. All other large metro areas (1M+ population) put together add up to 3,530,932 transit commuters. New York City metro accounts for 39% of all transit commuters in the United States. read more »