Economics

We think of the movements of high-tech firms as illustrative of totally new phenomena but it resonates as well with earlier industrial history. The “gilded age” of America, when industries expanded rapidly, produced a growing appetite for labor. Automation in production also expanded output and revenue, but also a growing need for workers.  read more »

Working-class people often get blamed for their troubles. They should have planned better, been less demanding, or just been smarter. Those are just some of the judgments that surfaced again in the weeks after General Motors’ announcement late in November that it would close five plants in the U.S. and Canada, leaving thousands of workers without jobs.  read more »

UCLA management professor Jerry Nickerson thinks he has found a solution to California’s housing affordability problems: high-speed rail. Based on years of data, he has concluded that some Japanese who work in Tokyo and other expensive cities make long commutes on high-speed trains to more affordable cities elsewhere in the country.  read more »

A youthful and handsome appearance, the blessings of the autocrats and clerics of our times, and a fawning media — all these belonged to French President Emmanuel Macron just a year ago. He was praised as everything from the “new leader of the Free World” to Europe’s Reagan.

Today Macron’s presidency is adrift, paralyzed by grassroots opposition to his policies — mostly from the middle and working classes — and a popularity rating about half of that suffered by Donald Trump. Is this the fate that awaits our new governor, Gavin Newsom?  read more »

I was included in an e-mail thread last week about a 19,000 unit master planned community on the far edge of Los Angeles County. There’s an on-going debate about whether this is part of California’s housing solution or part of the problem. Centennial is one of three proposed residential developments at Tejon Ranch. It hugs the border of Kern County thirty miles outside of Bakersfield and three mountain ranges from LA proper. After a couple of decades of negotiations it was finally approved by the authorities.  read more »

From public forums to mobility conferences to office watercoolers, dockless electric scooters (“e-scooters”) are a hot topic these days. Travelers are turning to e-scooters to shave precious time off their commutes and experience urban environments in fun new ways. City officials, meanwhile, are asking difficult questions about their safety and impacts on sidewalk use and transit.  read more »

If this undisguised reality series played by Hollywood rules, it would have already been canceled. The President Trump show has failed to grow its audience, and the reviews, even from the mildly sympathetic, are consistently bad.  read more »

My latest article is online over at City Journal. It’s a look at Columbus, Ohio, which is doing very well these days. Here’s an excerpt:  read more »

Perhaps nothing will define our future politics more than the dispensation of Latino voters. Once limited to a few states, Latino voters are now an important and growing factor in many parts of the country beyond the Southwest or New York.  read more »

Little over a decade ago, the housing sector almost brought down not only the American but the world economy. Today the reprise of the housing decline will be playing a very different tune.  read more »