Silicon Valley has been well recognized as the nation’s hub of technology, having easily surpassed both Southern California and Massachusetts, but it’s now Seattle that may emerge as its greatest rival. Home to tech giants such as Microsoft and Amazon, Seattle has attracted creative and entrepreneurial talent, which has been the foundation to its low unemployment rate of 5.9% and continuous economic growth. read more »
If there’s one thing that people of pretty much every political persuasion agree on, it’s the need to boost exports. This is true not just at the national level, but also the local one. The balance of world population and economic growth is outside the United States. McKinsey estimates that there will be an additional one billion people added to the global “consuming class” by 2025. An economy focused solely on a domestic American or North American market is missing a huge part of the addressable market, dooming it to slower growth. read more »
New data from the American Community Survey makes it possible to review the trend in mode of access to employment in the United States over the past five years. This year, 2012, represents the fifth annual installment of complete American Community Survey data. This is also a significant period, because the 2007 was a year before the Lehman Brothers collapse that triggered the Great Financial crisis, while gasoline prices increased about a third between 2007 and 2012. read more »
Washington may be a left coast “blue” state, but the geography of the voting well illustrates the national phenomena of intensifying polarization. The division may be among individual people, but also expressed in geographies down to precincts and census tracts.
The Washington 2012 elections provided ample data to assess this political and geographic divide. I review here the two most polarized races, for president (Obama vs. Romney) and for R74, to reaffirm the right to same sex marriage. read more »
Technology is reshaping our economic geography, but there’s disagreement as to how. Much of the media and pundits like Richard Florida assert that the tech revolution is bound to be centralized in the dense, often “hip” places where “smart” people cluster. read more »
Despite a corporate sponsor that paid handsomely for the naming rights, Londoners stubbornly refer to our bikesharing system as ‘Boris Bikes’, in a nod to our colourful Mayor, Boris Johnson. But what will we call our new drive-it-yourself taxis? My suggestion: ‘Boris Cabs’ – and they are now a reality here, thanks to Daimler’s car2go service, if you happen to live in one of three small and separate sections of town. But why did a one-way carsharing system have to limp into London, when more than a dozen other cities have welcomed these arrangements with open arms? In the US, car2go first appeared in Austin, Texas, and since then has moved into Washington, D.C, Miami, Portland Oregon, San Francisco, San Diego, and Seattle. It operates in Canada read more »
The United States Census Bureau has released a report (Patterns of Metropolitan and Micropolitan Population Change: 2000 to 2010.) on metropolitan area growth between 2000 and 2010. The Census Bureau's the news release highlighted population growth in downtown areas, which it defines as within two miles of the city hall of the largest municipality in each metropolitan area. read more »
Facebook‘s botched IPO reflects not only the weakness of the stock market, but a systemic misunderstanding of where the true value of technology lies. A website that, due to superior funding and media hype, allows people to do what they were already doing — connecting on the Internet — does not inherently drive broad economic growth, even if it mints a few high-profile billionaires. read more »
In this still tepid recovery, the biggest feel-good story has been the resurgence of American manufacturing. As industrial production has fallen in Europe and growth has slowed in China, U.S. factories have continued an expansion that has stretched on for over 33 months. In April, manufacturing growth was the strongest in 10 months. read more »
With Facebook poised to go public, the attention of the tech world, and Wall Street, is firmly focused on Silicon Valley. Without question, the west side of San Francisco Bay is by far the most prodigious creator of hot companies and has the highest proportion of tech jobs of any region in the country — more than four times the national average.
Yet Silicon Valley is far from leading the way in expanding science and technology-related employment in the United States. read more »