Middle Class

Sputnik Moments, Spending Cuts, and (Remember These?) Jobs

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The stand-off in Washington over spending reductions has pushed aside serious discussion about a far more pressing issue:  job creation.

Granted, the country is long overdue for action on spending cuts. There is much that our government does that we can live without. Bureaucracies’ programmatic lassitude and congressional appropriators’ adolescent-like lack of discipline have contributed to our nation’s fiscal imbalance.  read more »

Chicago Takes a Census Shellacking

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The Census results are out for Illinois, and it's bad news for the city of Chicago, whose population plunged by over 200,000 people to 2,695,598, its lowest population since before 1920.  This fell far short of what would have been predicted given the 2009 estimate of 2,851,268. It's a huge negative surprise of over 150,000, though perhaps one that should have been anticipated given the unexpectedly weak numbers for the state as a whole that were released in December.  read more »

A Leg Up: World's Largest Cities No Longer Homes of Upward Mobility

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Throughout much of history, cities have served as incubators for upward mobility. A great city, wrote René Descartes in the 17th century, was “an inventory of the possible,” a place where people could lift their families out of poverty and create new futures. In his time, Amsterdam was that city, not just for ambitious Dutch peasants and artisans but for people from all over Europe. Today, many of the world’s largest cities, in both the developed and the developing world, are failing to serve this aspirational function.  read more »

China Housing Market More Stable Than You May Think

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The sensationalist reporting of rising China tends to celebrate the country’s ascent. But there is one area where both economists and casual observers see a potential disaster: the real estate market.  Media reports of skyrocketing housing prices in first tier cities like Beijing and Shanghai and photo essays of Chinese ‘ghost cities’ inject sober skepticism into the otherwise bewildering reality of rapid growth.  read more »

Why Duany is Wrong About the Importance of Public Participation

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One of the news stories circling lately is an interview with Andres Duany where he asserts that public participation requirements are too onerous to enable great work to be done.   Early in my career I worked as a public historian and historic preservation specialist, so rather than launch immediately into my opinion, let me tell you a true story.  read more »

Why Affordable Housing Matters

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Economists, planners and the media often focus on the extremes of real estate — the high-end properties or the foreclosed deserts, particularly in the suburban fringe. Yet to a large extent, they ignore what is arguably the most critical issue: affordability.  read more »

Middle America: Problems and Prospects

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Undoubtedly, America is a middle class nation. But are there problems in the middle? It would certainly seem so: reduced employment, income and wealth (more worryingly, reduced employment, income- and wealth-building opportunities); reduced prospects for generational advancement (kids are supposed to do better than their parents, right?); general feelings of stagnation, “on the wrong track,” pessimism, frustration and anger.

Are these cyclical or structural changes? What are the causes, and what are the cures?  read more »

Here Comes Barack Cameron?

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President Bill Clinton and British Prime Minister Tony Blair were so “like-minded,” according to one Los Angeles Times writer, that they brought new meaning to the U.S. and England’s “special relationship.” Blair’s later embrace of George W. Bush, however, was less satisfying, leading to widespread ridicule that the PM was the Texan’s favorite “lap dog.”  read more »

Toronto: Three Cities in More than One Way

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The issue of income disparity in Toronto has once again been brought into the public eye by a December 15th report by University of Toronto Professor David Hulchanski. The report, “The Three Cities Within Toronto,” points to a growing disparity in incomes between Downtown Toronto, the inner suburbs, and the outer suburbs of the city. The report demonstrates that between 1970 and 2005 the residents of the once prosperous outer suburbs have been losing ground compared to the now wealthy downtown core. The results for the inner suburbs have been mixed.  read more »

Demography vs. Geography: Understanding the Political Future

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Demography favors Democrats, as the influence of Latinos and millennials grows. Geography favors the GOP, as the fastest-growing states are solid red. A look at America’s political horizon.

In the crushing wave that flattened much of the Democratic Party last month, two left-leaning states survived not only intact but in some ways bluer than before. New York and California, long-time rivals for supremacy, may both have seen better days; but for Democrats, at least, the prospects there seem better than ever.  read more »