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The Coronavirus Means Millennials Are More Screwed Than Ever

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In the nearly eight years since I first described millennials as “the screwed generation,” things have only worsened for those born between 1982 and 2000—and the coronavirus is now accelerating that slide.

In the midst of a pandemic, millennials are twice as likely to be uninsured as Boomers (PDF). Despite their superior educational credentials, millennials on average earn wages that are 20 percent less than what Baby Boomers made at the same age. Millennials are far less likely to own homes than Boomers were, and those millennials with homes are far more likely to have rich parents. Read more

The Glory—and Risk—of Cities

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The glory of cities is to serve as places of interaction between people and economies. Yet throughout history—from Roman times to the present—this advantage has also entailed exposure to deadly contagions. As Marc Riedl, a specialist in respiratory disease at UCLA, puts it: “Megacity life is an unprecedented insult to the immune system.” Today’s coronavirus pandemic reflects these patterns, concentrating, at least initially, in densely populated regions, such as Wuhan, Madrid, and around Milan. In the United States, the vast majority of cases to date are occurring in the densest, most globalized regions, such as Seattle, San Francisco, and, in particular, greater New York. Cases have been far less prevalent, so far, in the vast middle of the country—except for New Orleans and Detroit—and in rural areas, where people have less daily contact. Read more

One Nation, Under Lockdown, Divided by Pandemic

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The last thing this polarized Republic needs is, well, more polarization, but that is what we are contracting from the pandemic. Americans, irrespective of region, broadly want the same things, such as safety, a return to normalcy, and an end to dependence on China for medical supplies, but they differ in the depth of their experiences with the pandemic.

Rather than rallying the nation, COVID-19 has amplified every fissure in this society from class to race, but perhaps most of all regarding geography. This reflects, in large part, the different experiences felt in various localities and the differences in how economies function from region to region.

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The Coronavirus Means You May Have Seen Your Last Skyscraper, New York

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While Gov. Andrew Cuomo has warned that “we are your future,” since “what happens to New York is going to wind up happening to California and Washington state and Illinois” and the New York Times has blared that “This Is Going to Kill Small-Town America,” the COVID-19 death rate in the United States appears to be more than twice as high in large urban counties Read more

Who Will Prosper After the Plague?

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The COVID-19 pandemic is likely to widen even further the growing class divides now found in virtually every major country. By disrupting smaller grassroots businesses while expanding the power of technologies used in the enforcement of government edicts, the virus could further empower both the tech oligarchs and the “expert” class leading the national response to the crisis. Read more

The Coronavirus is Changing the Future of Home, Work, and Life

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The COVID-19 pandemic will be shaping how we live, work and learn about the world long after the last lockdown ends and toilet paper hoarding is done, accelerating shifts that were already underway including the dispersion of population out of the nation’s densest urban areas and the long-standing trend away from mass transit and office concentration towards flatter and often home-based employment. 

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The Coming Age of Dispersion

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As of this writing, the long-term effects of the coronavirus pandemic remain uncertain. But one possible consequence is an acceleration of the end of the megacity era. In its place, we may now be witnessing the outlines of a new, and necessary, dispersion of population, not only in the wide open spaces of North America and Australia, but even in the megacities of the developing world. Much of this has been driven by high housing prices and growing social disorder in our core cities, as well as the steady rise of online commerce and remote working, now the fastest growing means of “commuting” in the United States.

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Coronavirus and the Future of Living and Working in America

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By late spring, the most severe impacts from the coronavirus may be fading, but its impact on how we live and work will not go away. Indeed, many of the most relevant trends — including the rise of dispersed work and living arrangements — were already emerging even before the pandemic emerged.

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Millennials Find New Hope in the Heartland

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In “Millennials Find New Hope In The Heartland,” Heartland Forward Senior Fellow Joel Kotkin and his contributors address a fundamental topic for future economic success in the Heartland: Will Millennials return and remain at higher rates? The answer to this question is critical as Millennials are the largest generation, eclipsing the Baby Boom generation, and they represent the largest portion of the American workforce. The economic ramifications have made this cohort a highly prized demographic target. If Millennials do not find the Heartland more attractive, even the most well-conceived and articulated economic development strategies will be rendered mute. Growth of the Millennial population in the Heartland is, perhaps, the single most important indicator for its economic vibrancy.

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California Democrats Exit Planet Earth

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This past week, in most states, America’s liberal party voted for a doddering, but non-threatening old man, rejecting a strident socialist from Vermont. But second thoughts about socialism appear not to be on the agenda for California’s Democrats, who almost single-handedly kept Bernie Sanders’ anti-capitalist crusade from an untimely implosion.

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