Los Angeles

California is in far worse shape economically than the great majority of other states also struggling through the pandemic. COVID-19 may be the primary cause of our current distress, but the evolving structure of our economy has exacerbated this calamity. The worst part is our state leaders should have known this all along.  read more »

The dreadful death of George Floyd lit a fire that threatens to burn down America’s cities. Already losing population before the pandemic, our major urban centers have provided ideal kindling for conflagration with massive unemployment, closed businesses and already rising crime rates.  read more »

America’s elite central business districts have symbolized the ascendency of big cities, epitomized by soaring office towers. But today, due the COVID-19 pandemic, so much office work performed in these CBDs can be done remotely, that their future seems far less towering than in the past. In contrast, less dense areas, notably exurbs, appear to have suffered less loss in their employment patterns.  read more »

No state advertises its green credentials more than California. That these policies often hurt the economy, driving up housing costs and narrowing opportunities for working-class people while not even doing much for the environment, has not discouraged the state’s environmental overlords.  read more »

The long, streaking commuter trains (suburban rail) carrying workers mostly into and out of downtown every day may give the impression of “rapid transit.” However, regardless of the top speeds they reach, the average suburban rail rider spends far more time traveling to work than those using other modes of getting to work (Figure 1). They spend far longer than the majority of commuters, who drive alone. Even in the New York combined statistical area (CSA), with the largest suburban rail network a majority drive to work (Figure 2).  read more »

No state wears its multicultural veneer more ostentatiously than California. The Golden State’s leaders believe that they lead a progressive paradise, ushering in what theorists Laura Tyson and Lenny Mendonca call “a new progressive era.” Others see California as deserving of nationhood; it reflects, as a New York Times columnist put it, “the shared values of our increasingly tolerant and pluralistic society.”  read more »

For all the persistent rhetoric from California’s leaders about this state being on the cutting edge of social and racial justice, the reality on the ground is far grimmer.  read more »

For most people in this locked-down, riot-scarred world, the future beckons unpleasantly. There is a growing sense that, economically, the 2020s may look more like the 1930s than some halcyon post-industrial future. “Dark days ahead,” suggests The Week. “This is what the end of the end of history looks like."  read more »

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 »

Whatever the medical benefits achieved from the prolonged coronavirus lockdown, California’s small business community will be suffering severe symptoms, likely for decades to come. The state’s small entrepreneurs, particularly in poorer areas, face major readjustments and perhaps obliteration, a situation further complicated for some by damage stemming from the protests over the killing of George Floyd.  read more »