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by madballster
1230 days ago
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I have always wondered if the 'big productive urban center' (like London, or Paris, or Warsaw) is a boon or a curse for the 300 miles around it. Does it soak up young talent and capital from the surrounding areas, leaving the latter behind and exposed to deindustrialization, demographic problems and poverty? Or - through network effects in science, technology and productivity, does the metropolis create excess wealth that indirectly finds its way back into the rural areas, negating negative effects of the pull-effect? What are some good books on this topic? |
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Mid-sized cities with stable local industries are much better for the average person. We have no tech, banking, etc., in Annapolis where I live. We have the Navy, farming, and tourism. The city is full of people who grew up here. Low level retail jobs are staffed by teenagers, not immigrants or some other underclass. Housing is affordable. Similarly in adds Moines Iowa. The unemployment rate is 2.7%. The average house price is less than 4x the median household income, compared to over 10x in San Francisco.