Economics

For much of the past century, Southern California has been driven by ever increasing population growth. That area has now ended as the region’s demographics stagnate, a trend that, according to the latest Census numbers, is, if anything, accelerating.  read more »

Richard Florida has a new piece over at City Lab analyzing recent data on venture capital from Pitchbook. The conclusion is that venture capital funding is hyper-concentrated, and getting even more so:  read more »

The suburban house is the idealization of the immigrant’s dream—the vassal’s dream of his own castle. Europeans who come here are delighted by our suburbs. Not to live in an apartment! It is a universal aspiration to own your own home. —Los Angeles urbanist Edgardo Contini  read more »

How can Orange County become a better place to live for all of its residents? Joel Kotkin and Marshall Toplansky explore the challenges and solutions in Orange County Focus: Forging Our Common Future, a research brief from Chapman University's Center for Demographics and Policy. Read an excerpt from the report below:  read more »

The Bureau of Labor Statistics recently released their final 2017 metro area job numbers. It was a pretty good year for job growth in a lot of major metros. Here’s how they fared, ranked by percentage job growth. Job totals are in thousands.  read more »

Whatever his grievous shortcomings, President Trump has succeeded in one thing: smashing the once imposing edifice of neoliberalism. His presidency rejects the neoliberal globalist perspective on trade, immigration and foreign relations, including a penchant for military intervention, that has dominated both parties’ political establishments for well over two decades.  read more »

If you’ve been reading this blog for any length of time, you’ll know that I don’t believe brain drain is the problem it’s been made out as. Often talent export can actually itself be a form of economic development.

A recent New Yorker profile of the Silicon Valley firm Glassdoor, which allows employees to post reviews of their employer, made this point implicitly in passing. Robert Hohman, the CEO of Glassdoor, is from Akron.  read more »

Women’s progress is a global phenomenon, but one region is widely regarded as being the world leader in gender equality – the Nordics. Science Daily Newspaper bluntly stated in 2016 “[t]he Nordic countries are the most gender equal nations in the world”.  read more »

"Southern California is man-made, a gigantic improvisation” — Carey McWilliams, Southern California: An Island on the Land, 1946

Largely invented, a semi-desert far from the metropolitan heartland of the nation, Southern California has relied on a combination of engineering genius and marketing bravado. The constructed infrastructure has become creaky, but still functions. Not so our sense of marketing our region to the rest of the world — and ourselves.  read more »

Cronyism destroys trust and assigns the blame to scapegoats of its own creation.

Only a fiercely committed left or right-winger would fail to recognize that there is today a social and political divide that does not easily fit within the traditional mold of left vs. right. If, loosely speaking, the left leans socialist and the right leans capitalist, there is a third branch, cronyism, that is characterized by the rising power and wealth of rent-seeking industries and individuals.  read more »