Demographics

The sound-bite version of American politics tends to come from our dominant media centers on the coasts, while the right-wing counter-culture snarls back from the smaller cities and towns of the heartland. Yet the real future of America, including that of its politics, lies in a place with little voice in the political debates — suburbia (which includes the more far-flung exurbs).  read more »

Madrid is the capital of Spain, as well as its largest built-up urban area, with an estimated 6.4 million population in 2018. Madrid’s urban area plus economically connected rural and small town areas make up the metropolitan area, which has nearly 7,000,000 residents. The area has an urban population density of 4,700 per square kilometer (12,200 per square mile), ranking it third among the European Union’s built-up urban areas over 1,000,000 population.  read more »

We are often told that America’s future lies in our big cities. That may no longer be entirely true. Some of the strongest job creation and population growth is now occurring in cities of 1 million people or less.  read more »

You may remember Geoffrey West from his TED Talk about the scaling laws of cities that got a lot of press a while back. He has now turned his research findings into a book. Famed physicist Freeman Dyson just reviewed it for the New York Review of Books. His review includes this curious section about genetic drift I found interesting.  read more »

The recently announced departure of New York City-based Alliance Bernstein for Nashville, taking more than 1,000 jobs with it, suggests a potential loosening of New York’s iron grip on the financial-services industry.  read more »

Since 2014, the City Sector Model has been used to portray population trends by functional area within the 53 major metropolitan areas (major metropolitan areas). The current edition classifies small areas (zip code tabulation areas) by demographic factors into five categories (Figure 1). The first two are urban core (central business district and inner ring), while the last three are suburban or exurban.  read more »

Today it is commonly believed that advanced business is a European or even American invention, while the Middle East is a place of eternal non-economic conflict. Yet in reality, the first enterprises and banks evolved in Iraq and Syria, many millennia ago. For most of human history, the bazaars of Aleppo, Baghdad, and Hormuz have been among the most outstanding, and prosperous, centres of global commerce.  read more »

Among America’s largest metropolitan areas, the economic leaders come in two flavors: Southern-fried and West Coast organic. The first group flourishes across a broad range of industries, fed by strong domestic in-migration and a friendly business climate. The other is driven largely by technology and high-end business services clustered around expensive but highly desirable urban areas.  read more »

With unemployment down and wages rising, there’s growing concern that a lengthy and potentially crippling talent shortage will sweep the U.S. Addressing this could become a critical issue for businesses competing with Asian and European firms facing similar and, in many ways, more severe shortages.  read more »

Rent control supporters in California recently announced that they have enough signatures to qualify a state proposition to remove limitations on municipalities to control rents. Their purpose is to improve housing affordability in the nation’s most unaffordable state. However, should the proposition pass, the net effect is likely to be less new rental housing, as investors are likely to flee the market, as they routinely have before.  read more »