As U.S. 'superstar' cities thrive, weaker ones get left behind
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Re: As U.S. 'superstar' cities thrive, weaker ones get left behind
#2Nashville advert!
Re: As U.S. 'superstar' cities thrive, weaker ones get left behind
#3That map is confusing, regions are colored grey that are clearly in the top 20 MSA, like the entire urbanized northeast. Also the article's mostly about Nashville, not its title.
Re: As U.S. 'superstar' cities thrive, weaker ones get left behind
#4So if I understand the article correctly the cities that succeeded were the ones that allowed for new industries and businesses to flourish whereas the ones lagging are ones that were built on traditional manufacturing industries that have since dried up in the face of foreign competition and automation.
Am I missing something? That seems pretty obvious to me that the industries that wouldn't recover jobs from a recession are the ones already on their way out and the ones that would thrive are the ones that were starting to emerge during the same time period.
Re: As U.S. 'superstar' cities thrive, weaker ones get left behind
#5It would be interesting to find out how much debt these "superstar" cities have taken on and the structure of their "portfolio"s. Almost all revenue generation done by local municipalities is through property taxes so it's very important to evaluate these places by some sort of Sharpe Ratio or else you're just encouraging these places to be the next Detroit.
Re: As U.S. 'superstar' cities thrive, weaker ones get left behind
#6Basically a summary:
1. Focuses mostly on Nashville
1. Cities that have a young urban population with job creation that isn't tied to old industries are thriving.
2. Nashville has no State Income tax, and most cities and states that have no State Income tax are doing well as remote work takes over and tech workers relocate to take advantage.
3. Mention building a convention center for $600MM but no real numbers on what that had to do with the cities expansion. Uncorrelated at best.
4. One major change was the overhaul in zoning regulations that allowed developers to build vertically to accommodate a growing population. Perhaps an parallel to what is happening in San Francisco.
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Summary: The economic turnaround from the recession has unevenly favored cities that are tied to non failing industries in decline. Seems pretty obvious.
Re: As U.S. 'superstar' cities thrive, weaker ones get left behind
#7[deleted]
Re: As U.S. 'superstar' cities thrive, weaker ones get left behind
#8Basically a summary: 1. Focuses mostly on Nashville 1. Cities that have a young urban population with job creation that isn't tied to old industries are thriving. 2. Nashville has no State Income tax, and most cities and states that have no State Income tax are doing well as remote work takes over and tech workers relocate to take advantage. 3. Mention building a convention center for $600MM but no real numbers on wh…
Alas, an overhaul in zoning regulations is decidedly not happening in San Francisco.
Re: As U.S. 'superstar' cities thrive, weaker ones get left behind
#9Basically a summary: 1. Focuses mostly on Nashville 1. Cities that have a young urban population with job creation that isn't tied to old industries are thriving. 2. Nashville has no State Income tax, and most cities and states that have no State Income tax are doing well as remote work takes over and tech workers relocate to take advantage. 3. Mention building a convention center for $600MM but no real numbers on wh…
Sounds like #3 is cited by entrepreneurs in the article. Not sure that remote work is common enough yet to be having a significant impact, and I'm not sure how remote work would affect it more than other jobs would...
Re: As U.S. 'superstar' cities thrive, weaker ones get left behind
#10odd title, the word 'superstar' is used once outside of the title by an MIT economist proposing federal subsidies for cities/towns with research universities.
no mention of NYC, Boston, nor do they appear on the infographic.
so it seems so called superstar cities aren't really defined as i would expect them to be.