Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss

OT place to ride n live scenicly

2 views
Skip to first unread message

avag...@gmail.com

unread,
Dec 8, 2017, 12:18:10 PM12/8/17
to



As a result, housing prices have soared in the most prosperous places, making them inaccessible to lower-income workers and negating much of the allure of the higher wages there. Over this same time, research shows that high-skilled migrants have clustered in these areas, while low-skilled workers have been more likely to move elsewhere. California’s share of the national population has effectively stopped growing, despite the fact that the state is a hotbed of tech innovation.
………………….
If these places remain magnets for immigrants, the high cost of housing is now repelling current residents, in addition to keeping away more potential new ones. That should worry everyone, the Obama White House warned last year, as severe housing shortages in a handful of places worsen income inequality across the country and stifle the nation’s productivity.

To think about it another way: If these highly productive metros would build enough housing, Mr. Schleicher believes that would do more to improve the prospects of American workers and buoy the nation’s economy than proposals like lowering corporate taxes contained in the tax bill the Senate passed last week.
“And it’s not even close,” Mr. Schleicher wrote in an email. “A policy that aimed at reducing barriers to locational choice would outperform anything in the tax reform bill.”

For the most part, the federal government doesn’t have the power to create that policy. But local cities and suburbs do.

///////////

More 5 year plan analysis not of Kansas

https://www.nytimes.com/2017/12/06/upshot/what-happened-to-the-american-boomtown.html?emc=edit_nn_20171208&nl=morning-briefing&nlid=71480105&te=1



0 new messages