“What’s more certain is that the recession, particularly if it turns out to be as long and deep as many now fear, will accelerate the rise and fall of specific places within the U.S.—and reverse the fortunes of other cities and regions.”
Of course such theory and analysis have great appeal by their potential predictive power over people’s lives: Will my town die out? Where should I move?
“Economic crises tend to reinforce and accelerate the underlying, long-term trends within an economy.”
Bad news, Detroit, if Florida is right.
“…the economy is shifting away from manufacturing and toward idea-driven creative industries—and that, too, favors America’s talent-rich, fast-metabolizing places.”
Obviously, manufacturing jobs are dying out in the U.S., but what is an idea driven creative industry exactly? Tech start-ups? Biotech start-ups? Wind and hydro-farms? Spill-over from universities into hip urban environments?
In addition, Florida suggests the suburbs represent an old, homeownership-centric model that we’d do well to get rid off:
“Velocity and density are not words that many people use when describing the suburbs. The economy is driven by key urban areas; a different geography is required. “
Instead, we need:
“A bigger, healthier rental market“
“...we need to encourage growth in…the great mega-regions that already power the economy, and the smaller, talent-attracting innovation centers inside them—places like Silicon Valley, Boulder, Austin, and the North Carolina Research Triangle”
Bad news also, Cleveland, times are tough and you might just likely diminish more in size, opportunities and importance. We’re going to be giving government dollars guided by government policy to San Francisco, Boston and Austin to come out of this recession stronger and more ready to compete on the world stage…
Are you convinced?