Economics

The Driving Decline: Not a "Sea Change"

harborfreeway.JPG

The latest figures from the United States Department of Transportation indicate that driving volumes remain depressed. In the 12 months ended in September 2011, driving was 1.1 percent below the same  period five years ago. Since 2006, the year that employment peaked, driving has remained fairly steady, rising in two years (the peak was 2007) and falling in three years. At the same time, the population has grown by approximately four percent. As a result, the driving per household has fallen by approximately five percent.  read more »

Suppressing the News: The Real Cost of the Wall Street Bailout

Torino-nightlife.v2.jpg

No one really knows what a politician will do once elected. George “No New Taxes” Bush (George I to us commoners) was neither the first nor will he be the last politician to lie to the public in order to get elected.  It takes increasing amounts of money to get elected. Total spending by Presidential candidates in 1988 was $210.7 million; in 2000 it was $343.1 million and in 2008, presidential candidates spent $1.3 billion.  read more »

Rethinking College Towns

new-paltz.jpg

As a practitioner in both consulting and local government, I have observed that in local communities nothing seems to prompt productive action better than a local crisis or strongly felt threat like a factory closure. 

Unfortunately, we are often inclined to take action to close the barn door only after the horse has escaped.  read more »

The Robotics Census

bigstock_robots_welding_in_a_car_factor_26269850.jpg

Immigration is a concern for countries around the world, not just the U.S. It’s that annoying tendency of humans to gravitate toward an area where they can survive as opposed to staying where they are barely surviving or worse.  Once there, of course, these workers are seen often as taking jobs, altering local cultures and in general upsetting lots of apple carts.    read more »

Iowa: Not Just the Elderly Waiting to Die

bigstock_Des_Moins_skyline_6917078.jpg

Stephen Bloom, a journalism professor at the University of Iowa, created quite a stir in Iowa this week with a piece in The Atlantic describing his unique observations on rural Iowa as evidence that it doesn’t deserve its decidedly powerful hand in the vote for the president. After the article appeared last Friday both his colleagues and the massive student body of the state he so harshly criticizes are returning the favor.  read more »

Heavy Metal Is Back: The Best Cities For Industrial Manufacturing

bigstock_manufacturing_parts_for_car_en_26269853.jpg

For a generation American manufacturing has been widely seen as a “declining sport.” Yet its demise has been largely overplayed.  Despite the many jobs this sector has lost in the past generation, manufacturing remains remarkably resilient, with a global market share similar to that of the 1970s.  read more »

Let’s Level the Inter-generational Playing Field

bigstock_unemployed_woman_showing_a_mes_15470339.jpg

With President Obama’s speech in Osawatomie, Kansas decrying the growing economic inequality and lack of upward mobility in America, the issue has finally arrived at the center of this year’s campaign debates.  read more »

Wanted: Blue-Collar Workers

bigstock_Worker_4004957.jpg

To many, America’s industrial heartland may look like a place mired in the economic past—a place that, outcompeted by manufacturing countries around the world, has too little work to offer its residents. But things look very different to Karen Wright, the CEO of Ariel Corporation in Mount Vernon, Ohio. Wright’s biggest problem isn’t a lack of work; it’s a lack of skilled workers. “We have a very skilled workforce, but they are getting older,” says Wright, who employs 1,200 people at three Ohio factories.  read more »

Tilting at (Transit) Windmills in Nashville

bigstock_Nashville_Skyline_736450.jpg

As in other major metropolitan areas in the United States, Nashville public officials are concerned about traffic congestion and the time it takes to get around. There is good reason for this, given the research that demonstrates the strong association between improved economic productivity and shorter travel times to work.  read more »

Which States Are Growing More Competitive?

beauchamp-states.jpg

By Hank Robison and Rob Sentz. Illustration by Mark Beauchamp.

In many ways, individual U.S. states are like 50 laboratories where differing public policy, industry focus, and economic development strategies are tried and tested. Different approaches yield different results and some states become more competitive – gaining a larger share of total job creation — while others struggle and lose share. This phenomenon has been evident over the past few years as our nation struggles to recover. Some states have been doing quite well while others are still limping along.  read more »

Subjects: