A growing tech industry is often considered the ultimate sign of a healthy local economy. By that measure, the Bay Area still stands at the top of the heap in the United States, but our survey of the metropolitan areas with the strongest tech job growth turns up some surprising places not usually thought of as tech meccas. Read more
Appearing in:
The Daily Beast
American greatness was long premised on the common assumption was that each generation would do better than previous one. That is being undermined for the emerging millennial generation.
The problems facing millennials include an economy where job growth has been largely in service and part-time employment, producing lower incomes; the Census bureau estimates they earn, even with a full-time job, $2,000 less in real dollars than the same age group made in 1980. More millennials, notes a recent White House report , face far longer period of unemployment and suffer low rates of labor participation. More than 20 percent of people 18 to 34 live in poverty, up from 14 percent in 1980. Read more
The Daily Beast
When Donald Trump described the “devastating” conditions in America’s inner cities, emphasizing poor schools and lack of jobs, he was widely denounced for portraying our urban centers in a demeaning and inaccurate way, much as he had been denounced previously for his supposed appeal to “racial exclusion” when he asked black voters “what the hell do you have to lose” by backing him. Read more
Appearing in:
Forbes
When Americans consider a move to another part of the country, they sometimes are forced to make a tough choice: should they go to a city with the best job opportunities, or a less economically vital area that offers a better standard of living, particularly more affordable housing? However, there are still plenty of metropolitan areas in the U.S. where you can get the best of both worlds. Read more
Appearing in:
The Daily Beast
What comes to mind when you think about Orange County? Probably, images of lascivious housewives and blonde surfers. And certainly, at least if you know your political history, crazed right-wing activists, riding around with anti-UN slogans on their bumpers in this county that served as a crucial birthplace of modern movement conservatism in the 1950s. Read more
Orange County Register
Politicians, housing advocates, planners and developers often blame the NIMBY — “not in my backyard” — lobby for the state’s housing crisis. And it’s true that some locals overreact with unrealistic growth limits that cut off any new housing supply and have blocked reasonable ways to boost supply. Read more
Orange County Register
Are you ready to become a “real” city yet, Southern California? Being “truly livable,” our betters suggest, means being “infatuated” with spending more billions of dollars on outdated streetcars (trolleys) and other rail lines, packing people into ever small spaces and looking toward downtown Los Angeles as our regional center. Read more
This is the introduction to a new report on Orange County published by the Chapman University Center for Demographics and Policy, titled “OC Model: A Vision for Orange County’s Future.” Read the full report (pdf) here.
Blessed by a great climate and a highly skilled workforce, Orange County should be at the forefront of creating high wage jobs. The fact that it is not should be a worrying sign to the area’s business, academic, political and media leaders. Despite some signs of recovery in OC, long-term trends, such as a dependence on asset inflation and low wage employment, seem fundamentally incompatible with sustainable and enduring growth in the County.
To be sure, asset inflation benefits established property owners, and those who work in the real estate sector, but the surge in property prices and an ever increasing number of touristic venues does not provide enough of a viable base for coming generations. Given the area’s high costs — which can at best be mollified — the area’s prosperity depends on building up its cadre of well-paying high value jobs in promising fields as professional business services, technology and design-oriented cultural industries.
The good news: the county retains some strength in all these fields. But many long-term trends, as we will demonstrate below, are not encouraging. Once one of the nation’s most powerful high-end economies, the county is in danger of losing momentum to other markets.
Reversing this trend will require a more holistic assessment of current realities. It also requires a strong, coherent strategy targeted to high-wage growth sectors. Instead of the current obsession with real estate and tourism projects, the County needs to focus more on what professional business services, technology, finance and science-based companies need in order to succeed.
This necessitates a conscious effort, led by the business community, to develop a strategic direction for Orange County. There are a number of models to choose from, ranging from the most successful, Silicon Valley to greater Boston to the North Carolina Research Triangle, and many more. In each case, the growth from established university research centers — Stanford, MIT, Harvard, as well as the University of North Carolina, Duke and North Carolina state — extended from the university’s base to its periphery. This strong cooperation among universities, government and the private sector is critical to the emerging tech and business service corridor developing between the Texas cities of Austin and San Antonio.
The City Journal
Cities, noted René Descartes, should provide “an inventory of the possible,” a transformative experience—and a better life—for those who migrate to them. This was certainly true of seventeenth-century Amsterdam, about which the French philosopher was speaking. And it’s increasingly true of Texas’s fast-growing metropolises—Houston, Dallas–Fort Worth, Austin, and San Antonio. In the last decade, these booming cities have created jobs and attracted new residents—especially young families and immigrants—at rates unmatched by coastal metropolitan areas. Read more
Real Clear Politics
In an election cycle full of spittle and bile, arguably the greatest issue — the nature of governance and the role of citizens — has been all but ignored. Neither candidate for president has much feel for the old American notion of dispersed power. Instead each has his or her own plans for ever greater centralization: Trump by the force of his enormous narcissistic self-regard; Hillary Clinton through the expansion of the powers increasingly invested in the federal regulatory apparatus.
Read more
Join the conversation at Twitter
or Facebook. Visit our YouTube
channel or subscribe to RSS
to read our latest articles.
Daniel Oberhaus, used under CC 4.0 License