Central Park jogs and carriage rides, Broadway shows, world-class museums and restaurants, the allure of Times Square: these are the things that make downtown New York City so appealing… for tourists. But for those who aren’t just visiting — for the millions who live and work in this bustling, densely populated area — the relationship with the core of the Big Apple can be equal parts love and hate. read more »
Over the past decade, Southern California has lagged well behind its chief rivals – New York and the Bay Area, as well as the fast-growing cities of the Sun Belt – in everything from job creation to tech growth. Yet, in what the late economist Jack Kyser dubbed “the creative industries,” this region remains an impressive superpower.
By creative industries, we mean not just Hollywood’s film and television complex, which remains foundational, but those serving a host of other lifestyle-oriented activities, from fashion and product design to engineering theme parks, games and food. We may be lagging Silicon Valley in technology and New York in finance or news media, but when it comes to entertaining people, and defining lifestyle, the Southland remains a powerful, even primal, force. read more »
In a recent column in the Sunday Independent, Ireland's largest weekend newspaper, one of Ireland's leading economists, Colm McCarthy of University College (Dublin) raised the prospect another housing bubble in Dublin, Ireland's leading weekend newspaper. Dublin is the nation's capital and home to approximately 40% of the population. read more »
Late last year, economists Anne Case and Angus Deaton published a paper in the Proceedings of the National Academy of Science documenting the rising morbidity and mortality in mid-life white men and women in America, especially for those with a high school degree or less. They attributed this increase, a reversal of historic trends, to an epidemic of alcoholism, other drug use disorders, and suicide. Their findings are a wake up call for the US. Not only is something seriously wrong — it’s getting worse. read more »
Following up on the Pew study that found many states will face declining work age populations in the future, I want to highlight a recent Atlantic article called “The Graying of Rural America.” It’s a profile of the small Oregon town of Fossil, which is slowly dying as the young people leave and a rump population of older people – median age 56 – begin to pass on.
Like the Pew study, this one has implications that weren’t fully traced out.
There’s a lot of urban triumphalism these days, as cities crow about Millennials wanting to live downtown and such. read more »
With Bernie Sanders now dispatched by Hillary Clinton and the Democratic Party machine, Donald Trump has emerged as the unlikely populist standard-bearer. Not since the patrician Julius Caesar rallied the Roman plebeians, or the aristocratic Franklin Roosevelt spoke for the “forgotten man,” has someone so detached from everyday struggles won over such a large part of the working and middle classes. read more »
Pew Charitable Trusts recently posted an analysis of population projections that show several states with stagnant to declining workforces.
This means that for nearly 20 states, it’s basically impossible to add jobs in the future. How can you add more jobs with fewer workers? read more »
Probably no city in the high income world evokes impressions of urban decline more than Detroit --- and for good reason. The core city of Detroit has lost more of its population than any developed world city of more than 500,000 since 1950. The city's population peaked at 1,850,000 residents in 1950 and at its decline rate since 2010 could drop below 650,000 residents by 2020 census. read more »
Arguably the most critical industry in the new economy, information is also often the cruelest. It is the ultimate disruptor of jobs and growth, blessing some regional economies but leaving most in the dust. Overall, the sector accounts for almost 3 million jobs, but it has only added a paltry net 70,000 jobs over the last five years. read more »
Infrastructure investment is a hot topic and the focus of that discussion tends to lean towards transport infrastructure over other categories (like energy or water for example). When it comes to transport, trains seem to feature prominently on the wish lists of big investment or ‘nation building’ projects. But how far could billions of dollars in new rail infrastructure actually go in improving congestion across our cities? Will cars inevitably win? If so, why? read more »