Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Wednesday, March 31, 2021

"Why operate your business from an expensive midtown office when all you need is a smartphone and laptop, a tasteful backdrop for your video calls, and Amazon Prime?"

"Ask the same question on a societal level... why... pour billions into a staggeringly expensive system of urban infrastructure when all you need to keep the wheels of commerce turning is Zoom, Signal, and a reliable, super-fast wireless network…. After Covid, nothing defined 2020 more than an explosion of crime across urban America, even though there were far fewer people outdoors to victimize…. [A]re nightclubs as much of a draw when dating can be now conducted online?… Covid has [sped the] demise of retail stores…. [M]useums and concert halls [and] sports stadiums and arenas to theaters and neighborhood cinemas… are all under assault, [from Covid and from] streaming video and virtual events. Another potential threat to density is the green movement… The manufacture of density’s core ingredients, steel and cement, produces some 15 percent of the world’s carbon emissions…. The fates of major metropolises are hanging precariously as they grasp at untested policies predicated on borrowed stimulus dollars, short-term business bailouts, non-eviction mandates, and other spit-and-glue measures that are most likely unsustainable…. All these challenges will be made even greater as the politics of cities grow increasingly polarized." 

From "The Death of Density?/To survive and thrive, cities will have to overcome a number of formidable trends" by Richard Schwartz (who has "served in senior positions under 3 New York mayors).

I've compressed a lot, and I completely omitted the last paragraph — which calls for hope, hope for density. But the argument against density is so strong. You've got environmentalism counting in favor of the suburbs now. You've got all the new patterns of work and social life, all the speed and connection of the internet replacing the physical proximity maintained within a city. And you've got the crime in the city. And the politics, which will skew evermore to the left as people who want the benefits of nondensity — and want out of the ever-tightening grip of left politics — exercise their option to leave.

Monday, March 29, 2021

"But maybe what you need is... to give families more money and parental benefits and to give them a long economic expansion whose gains are widely shared."

"Call this the Joe Biden-baby-boom hypothesis, which we may be about to test: If you spend on family benefits and run the economy hot enough, maybe fertility rates will finally begin to float back up. This is the ideal scenario for pronatalist liberals, because it would mean more kids without more social conservatism. The second scenario for a fertility recovery, though, involves exactly that: a kind of neo-traditionalist turn, answering the socially liberal swing of the last two decades, that leads to people marrying earlier and having more kids for reasons of values rather than just economics.... [A] third possibility is that a deep fertility decline is more likely to end gradually, through a kind of slow selection process rather than abrupt conversion. By selection I mean that as fewer people have children, the ones who do have kids will be an increasingly distinctive population — not specifically conservative or religious, necessarily, but couples who will have written new scripts for romance, discovered new models for child rearing and burden-sharing, in a cultural and technological landscape that’s torn the older models up. So then the children and grandchildren of these trailblazers, inheriting both the new models for family formation and the world itself, would be the ones who drive some future baby boom."

From "How Does a Baby Bust End?/Three scenarios for a more fertile American future." by Ross Douthat (NYT).

From the comments at the NYT: "It should tell Mr. Douthat something that most of the top comments are from women. Guess what. Women, given any kind of agency at all--which includes education and the ability to support oneself--don't want to have hordes of kids. And if there is anything the planet doesn't need, it's more humans than existing sociopolitical forces are already grinding out. The real problem is to empower those women in oppressive, patriarchal, monotheistic cultures to have the economic, psychological, and political power to say NO more kids than they themselves want. Not to figure out how to con Caucasians (because that's Douthat's subtext) into having more."