Often best places lists reflect as much on what’s being measured, and who is being measured as on the inherent advantages of any locale. Some cities that have grown rapidly in jobs, for example, often do not do as well if the indicator has more to do with perceived “quality” of employment. read more »
For nearly a generation, the information sector, which comprises everything from media and data processing to internet-related businesses, has been ballyhooed as a key driver for both national and regional economic growth. In the 1990s economist Michael Mandell predicted cutting-edge industries like high-tech would create 2.8 million new jobs over 10 years. This turned out to be something of a pipe dream. read more »
The city of Seattle is an exceptional place. The 2010 census figures on race, ethnicity and age confirm this reputation. The main story from the census findings is the continued gentrification of Seattle, with displacement of minorities and the less affluent out of the center of the city, especially to south King county and Pierce county. The city core is becoming whiter, while the edges and suburbs, north and east as well as south are becoming far more diverse. read more »
Population change in the state of Washington has relevance to the nation and to other states because it tells us something about market preferences of households versus the orientation of planners (e.g., “smart growth”). It tells us much about gentrification and America’s changing racial and ethnic diversity. read more »
With the release of results for over 20 states, the 2010 Census has provided some strong indicators as to the real evolution of the country’s demography. In short, they reveal that Americans are continuing to disperse, becoming more ethnically diverse and leaning toward to what might be called “opportunity” regions.
Below is a summary of the most significant findings to date, followed by an assessment of what this all might mean for the coming decade.
Point One: America is becoming more suburban. read more »
American households face daunting financial challenges. Even those lucky enough not to have suffered huge savings and retirement fund losses in the Great Recession seem likely to pay more of their incomes in taxes in the years to come, as governments attempt pay bills beyond their reasonable financial ability. Beyond that, America's declining international competitiveness and the easy money policies of the Federal Reserve Board could well set off inflation that could discount further the wealth of households. read more »
The rise in telecommuting is the unmistakable message of the just released 2009 American Community Survey data. The technical term is working at home, however the strong growth in this market is likely driven by telecommuting, as people use information technology and communications technology to perform jobs that used to require being in the office. read more »
Despite Transit's 2008 Peak, Longer Term Market Trend is Down: A 25 Year Report on Transit Ridership
In 2008, US transit posted its highest ridership since 1950, a development widely noted and celebrated in the media. Ridership had been increasing for about a decade, however, 2008 coincided with the highest gasoline prices in history, which gave transit a boost. read more »
At the height of the foreclosure crisis the problems experienced by some so-called “sprawl” markets, like Phoenix and San-Bernardino-Riverside, led some observers to see the largest price declines as largely confined to outer ring suburbs. Some analysts who had long been predicting (even hoping for) the demise of the suburbs skipped right over analysis to concoct theories not supported by the data. The mythology was further enhanced by the notion – never proved – that high gas prices were forcing home buyers closer to the urban core. read more »
This is the first in a two part series exploring a pessimistic and an optimistic future for the United States. Part Two will appear tomorrow.
I’m an old (76) 1950s type liberal, and have lived to see the election on the nation’s first mixed-race president, as well as some remarkable social change in the general status of women and ethnic minorities. The United States has a remarkable heritage of entrepreneurship and resilience in its democratic institutions. Yet there are cogent reasons to be fearful and pessimistic about our capacity to maintain our preeminence, at least in the medium run (10-15 years). read more »