November 15, 2009

THE FUTURE ISN'T CHILDLESS WHITE FOLK?:

Read Steve's Book (Rich Karlgaard, 11/30/09, Forbes)

From the 1980s until recently the coastal cities boomed.

And now? Large- and medium-size cities in low-tax, right-to-work states--that would be the unhip, red ones--are outperforming the rest of the country. The country's best observer of regional economics, Joel Kotkin, described this trend in a recent Forbes.com article:

"Virtually all the [hip] cities [in blue states] have suffered below-average job growth throughout the decade. Some, like Portland and New York, have added almost no new jobs; others, like San Francisco, Boston and Chicago, have actually lost positions over the past decade. In contrast, even after the current doldrums, San Antonio, Orlando, Houston, Dallas and Phoenix all boast at least 5% more jobs now than a decade ago."

About government spending, Kotkin notes there are two kinds: good and bad.

"The problem here is more than just too-large government; it lies in how states spend their money. Massive public spending increases over the past decade in California, New Jersey, Illinois and New York have gone overwhelmingly into the pockets and pensions of public employees. … Cities like Mobile, Ala.; Houston, Tex.; Charleston, S.C.; and Savannah, Ga. have been investing in port facilities to take advantage of the planned widening of the Panama Canal. Similarly, places like Kansas City and the Dakotas are looking to boost their basic rail and road networks to support export-heavy industries."



Posted by Orrin Judd at November 15, 2009 7:20 AM
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