Elderly couple in small town, rural America

Coronavirus, Labor and an Aging World

by Ali Modarres — In the last few months, we have gradually realized the dire nature of this global pandemic, and our response has been? Nothing short of the creation of a new world: hopefully not on the ruins of the last. The novel coronavirus is showing us the downside of accelerated mobility, excessive attention to short-term gains, and structural inequities.
High rise office real estate

The Future of Office Space Real Estate Market

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by Marshall Toplansky — Recently, I interviewed 12 CEO’s in California about what aspects of business they expected to change after the coronavirus epidemic passsed. They first cited a coming upheaval in the office space real estate market.

Coronavirus and the Future of Living and Working in America

by Joel Kotkin and Marshall Toplansky — By late spring, the most severe impacts from coronavirus may fade, but its impact on the rise of dispersed living and working arrangements — were already emerging even before the pandemic emerged.
Working class protestors in Paris, France

The Two Middle Classes

by Joel Kotkin — Politicians across the Western world like to speak fondly of the “middle class” as if it is one large constituency with common interests and aspirations. But, as Karl Marx observed, the middle class has always been divided by sources of wealth and worldview. Today, it is split into two distinct, and often opposing, middle classes.
San Jose housing not affordable

Make America’s Housing Affordable Again

by Randal O'Toole — Fifty years ago, housing was affordable everywhere in the country. The 1970 census found that the statewide ratio of median home prices to median family incomes was greater than 3.0 only in Hawaii (where it was 3.04). Price-to-income ratios were under 2.5 in every other state, and under 2.2 in California, New York, and other states that today are considered unaffordable.

Red v. Blue

by Joel Kotkin and Wendell Cox — The political and cultural war between red and blue America may not be settled in our lifetimes, but it’s clear which side is gaining ground in economic and demographic terms. In everything from new jobs—including new technology employment—fertility rates, population growth, and migration, it’s the red states that increasingly hold the advantage.
Coins, currency

The Growth Dilemma

by Joel Kotkin — Until just a few years ago, the need for economic growth to sustain societies was almost universally acknowledged. This was not just gospel on the free-market Right. Whatever its failings, twentieth century socialism was growth-oriented and espoused the notion, however poorly realized, that greater material progress was critical to expanding working-class wealth.

California Preening: Golden State on Path to High-Tech Feudalism

by Joel Kotkin — “We are the modern equivalent of the ancient city-states of Athens and Sparta....” declared then-governor Arnold Schwarzenegger in 2007. In truth, the Golden State is becoming a semi-feudal kingdom, with the nation’s widest gap between middle and upper incomes—72 percent, compared with the U.S. average of 57 percent—and its highest poverty rate.
leaving california sign along highway

Charles Schwab Moving San Francisco HQ to Texas

by Joseph Vranich — The brokerage firm Charles Schwab announced today it would acquire TD Ameritrade in a $26 billion deal and will move its headquarters from San Francisco to the Dallas-Forth Worth area.

Midwest Success Stories

by Aaron M. Renn — My latest report has just been released by the Manhattan Institute. It’s called, “Midwest Success Stories: These 10 Cities Are Blooming, Not Rusting.” It’s a look at 10 cities in nine states in the greater Midwest that are doing well economically and demographically.