Appearing in:
Wall Street Journal
In the wake of the 2012 presidential election, some political commentators have written political obituaries of the “red” or conservative-leaning states, envisioning a brave new world dominated by fashionably blue bastions in the Northeast or California. But political fortunes are notoriously fickle, while economic trends tend to be more enduring. Read more
Forbes.com
In an era in which many businesses that pay high wages have been shedding jobs, the wide-ranging employment category of professional, scientific and technical services has been a relatively stellar performer, expanding some 15% since 2001. In contrast, employment dropped over 20% in such lucrative fields as manufacturing and information-related businesses (media, telecom providers, software publishing) over the same period, and finance and wholesale trade experienced small declines.
With an average annual wage nearing $90,000, this category — which includes computer consulting and technical services, accounting, engineering and scientific research, as well as legal, management and marketing services — increasingly shapes the ability of regions to generate higher-wage jobs. In order to determine which metropolitan areas are doing best, Mark Schill of Praxis Strategy Group compiled rankings based on both long and short-term growth, as well as the extent and growth of each region’s business service economy compared to the national average.
Forbes.com
Technology is reshaping our economic geography, but there’s disagreement as to how. Much of the media and pundits like Richard Florida assert that the tech revolution is bound to be centralized in the dense, often “hip” places where “smart” people cluster. Some, like Slate’s David Talbot, even fear the new tech wave may erode whatever soul is left to increasingly family free, neo-gilded age San Francisco.
Such claims have been bolstered by the tech boom of the past few years — especially the explosion of social media firms in places like Manhattan and San Francisco. Yet longer-term trends in tech employment suggest such favored media memes will ultimately prove well off the mark. Indeed, according to an analysis by the Praxis Strategy Group, the fastest growth over the past decade in STEM (science, technology, engineering and mathematics-related) employment has taken place not in the most fashionable cities but smaller, less dense metropolitan areas. Read more
Reuters
Recent reports of America’s sagging birthrate ‑ the lowest since the 1920s, by some measures ‑ have sparked a much-needed debate about the future of the American family. Unfortunately, this discussion, like so much else in our society, is devolving into yet another political squabble between conservatives and progressives.
Conservatives, including the Weekly Standard’s Jonathan Last, regularly cite declining birth and marriage rates as one result of expanding government ‑ and a threat to the right’s political survival. Progressives, meanwhile, have labeled attempts to commend a committed couple with children as inherently prejudicial and needlessly judgmental. Read more
Forbes.com
Progressives may be a lot less religious than conservatives, but these days they have reason to think that Providence– or Gaia — has taken on a bluish hue.
From the solid re-election of President Obama, to a host of demographic and social trends, the progressives seem poised to achieve what Ruy Texeira predicted a decade ago: an “emerging Democratic majority”.
Virtually all the groups that backed Obama — singles, millennials, Hispanics, Asians — are all growing bigger while many of the core Republican groups, such as evangelicals and intact families, appear in secular decline.
Forbes.com
At this most familial time of the year, as recent events make us hold our children even closer, we might want to consider what kinds of environments are most conducive to having offspring. Alarm bells are beginning to ring in policy circles over the decline of the U.S. birth rate to a record low. If unaddressed, this could pose a vital threat the nation’s economic and demographic vitality over the next few decades.
In contrast to last week, when we examined the nearly uniform aging of America’s biggest cities over the last decade, the decline in the country’s youth population has been in relative terms. In 2000, roughly 21.4% of Americans were under 15; in 2010, that percentage had dropped to 19.8%. However, unlike in parts of Europe and East Asia, the number of American children did not decline – there were over a million more in 2010, a 1.7% increase. Read more
Notwithstanding plastic surgery, health improvements and other modern biological enhancements, we are all getting older, and the country is too. Today roughly 18.5% of the U.S. population is over 60, compared to 16.3% a decade ago; by 2020 that percentage is expected to rise to 22.2%, and by 2050 to a full 25%.
Yet the graying of America is not uniform across the country — some places are considerably older than others. The oldest metropolitan areas, according to an analysis of the 2010 census by demographer Wendell Cox, have twice as high a concentration of residents over the age of 60 as the youngest. In these areas, it’s already 2020, and some may get to 2050 aging levels decades early. Read more
Forbes.com
The red states may have lost the presidential election, but they are winning new residents, largely at the expense of their politically successful blue counterparts. For all the talk of how the Great Recession has driven people — particularly the “footloose young” — toward dense urban centers, Census data reveal that Americans are still drawn to the same sprawling Sun Belt regions as before.
The Philanthropy Roundtable
When Americans think of oil executives, they tend to conjure up the image of J. R. Ewing: slick smile, sharp suits, cowboy boots, and a 10-gallon hat packed with bluster, vanity, and greed. According to Gallup, no industry is more widely reviled than oil and gas—not even banking, real estate, or heath care. The poll found that 64 percent of Americans disapprove of its activities. Only the federal government fared worse.
The image is unfair in many ways. It’s true that the energy sector can be brutal; the business of pulling hydrocarbons from the earth seems to attract more than its share of ruthless personalities. But there’s a more nuanced character to the oil and gas industry. At heart—and yes, it has a heart—it’s an industry with a surprisingly charitable nature. And nowhere is the pulsing heart of the industry more evident than in Houston, where the fortunes generated by profits from energy companies have fueled some of the most impressive personal giving in the world.
For Texas Tech University
This is the introduction to a new report on the future of the American Great Plains released today by Texas Tech University (TTU). The report was authored by Joel Kotkin, Praxis Strategy Group, and Kevin Mulligan of TTU. Visit TTU’s page to download the full report, read the online version, or to check out the interactive online atlas of the region containing economic, demographic, and geographic data. Read more
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Daniel Oberhaus, used under CC 4.0 License