Economics

Feudalism and Stagnation in South Africa

soweto-SA.jpg

As I am writing this article, South Africa is predicted, following the coronavirus crises, to have an unemployment rate of 50% i.e. 1 in 2 working adults .The country’s lockdown has now been longer than the one in authoritarian China and to make matters worse, South Africa’s credit rating has been recently downgraded by agencies such as Fitch, Standard and Poor, and Moody’s.  read more »

The Green Civil War

Global_Climate_March_Berlin.jpg

Like many contemporary social movements—#metoo, Black Lives Matter, the Women’s March—the environmental lobby has tended to create an atmosphere of unanimity. In its struggle to win public and elite opinion, it has frequently evoked “science” as something settled and immutable, warning that those who dissent are either self-serving or seriously deranged.  read more »

Employment by CIty Sector, Challenges Ahead for Downtowns

woolworth-bldg.jpg

New Census Bureau employment data indicates that most job creation in the nation’s 53 major metropolitan areas (over 1,000,000 population) continues to be in the suburbs and exurbs. This article describes employment (job) locations by urban sector, using the City Sector Model (described in the Note Figure 4, below). The source of the data is “County Business Patterns, which is published annually for every zip code in the nation, which is unlike the American Community Survey, which uses a five-year period to cover all areas of the nation.  read more »

Neo-Feudalism in California

jobless-men-go-home.jpg

From the beginning, California promised much. While yet barely a name on the map, it entered American awareness as a symbol of renewal. It was a final frontier: of geography and of expectation.
—Kevin Starr, Americans and the California Dream: 1850–1915  read more »

Racism and the Working Class

170920-F-HT977-004.jpg

When I tell other middle-class professionals who don’t know me well that I’m writing a book about working-class culture, it’s amazing how often they respond approvingly that “white racism” is an important subject.  My reaction, depending on the circumstance, ranges from embarrassment to rage.  read more »

Highest Salaries for Software Developer Remote Work (Metro Areas)

salesforce-tower.jpg

COVID-19 lockdown and social distancing strategies have led to a huge increase in the number of people working at home (working remotely). According to Gallup, by mid-April, 62% of US employees were working at home. Further, Gallup found that about half of the remote workers preferred to continue working from home, with another quarter interested in remote working out of pandemic fears.  read more »

A New Age of Feudalism for the Working Class?

X2_warehouse.jpg

In the past, fears of job losses from automation were often overstated. Technological progress eliminated some jobs but created others, and often better-paying ones. In the early days of the high-tech revolution, many of the pioneering firms—such as Hewlett-Packard, Intel, and IBM—were widely praised for treating their lower-level workers as part of the company and deserving of opportunities for advancement, as well as benefits including health insurance and a pension.  read more »

Back to the Drawing Board?

regional-plans_Australia.png

The global response to the impact of the Coronavirus seems consistent in at least one respect: everything we previously took for granted is now up for grabs. Long held truisms, established patterns of corporate and individual behaviour, doctrinal teachings, professional articles of faith – nothing is immune from Covid-19 induced change.  read more »

The Rebellion of America's New Underclass

Jean_Froissart_Chroniques.jpg

Like so many before them, our recent disorders have been rooted in issues of race. But in the longer run, the underlying causes of our growing civic breakdown go beyond the brutal police killing of George Floyd. Particularly in our core cities, our dysfunction is a result of our increasingly large, and increasingly multi-racial, class of neo-serfs.  read more »

Economy Loses Jobs Equal to Metro New York, Los Angeles, Chicago, and DFW

COVID-19_outbreak_USA_stay-at-home_order_county_map.svg.png
Map of counties in the United States that have imposed stay-at-home orders

The economic distress resulting from the COVID-19 pandemic and strategies to limit its spread have been substantial. The most intense effects have been inflicted on the estimated 26 million workers who have lost their jobs, either temporarily or permanently. Many businesses may not be able to recover, while others may never be restored to their previous employment, as customer revenues take years to recover.  read more »