Research @InnovateEconomy. Fellow @rootsofprogress. Thinking about: progress, dynamism, immigration, cities, industrial policy, the NY Mets. Definite optimist.
Feb 10 • 5 tweets • 3 min read
Devastating takedown of Bidenomics/"the post-neoliberal delusion" from @jasonfurman
He writes:
-ARP was 3x too big
-The manufacturing agenda whiffed on creating jobs and low-end wage growth
-Fear of environmentalists nuked the value of infrastructure $
As @ModeledBehavior and I showed in October, neither the promise of benefits for China Shock-ed places nor a revival of unionized manufacturing jobs materialized. agglomerations.substack.com/p/manufacturin…
Jul 10, 2024 • 10 tweets • 3 min read
New: Demographic collapse has arrived in major American cities.
Between 2020 and 2023, large urban counties' under five population fell 8%. In NYC, it fell 18%. Los Angeles, 14%. Cook County, IL, 15%.
1/x
Falling birthrates mean the number of young kids nationwide is falling, but it's falling much more quickly in large urban counties.
Only the exurbs are seeing growth in their under-five population post-pandemic.
2/x
Apr 2, 2024 • 13 tweets • 4 min read
New: Foreign-born workers make up an outsized share of the workforce in industries critical to economic and national security.
You simply cannot separate industrial policy success from skilled immigration reform.
Let’s dive into the numbers.
First, foreign-born workers make up 20.3% of the workforce in strategic industries, compared with 18.1% in the rest of the economy.
How do we define strategic? We use @BrookingsMetro’s Advanced Industries classification as a starting point.