Philly vs. Houston energy hubs, why Yankees are coming to Texas, tops for diversity and STEM, and more
Just a few misc items this short Thanksgiving week:
"...Sugar Land, the largest city in Fort Bend County, which Stephen Klineberg, a sociology professor at Rice University, calls the most ethnically diverse county in America. By that, he means that this county southwest of Houston comes closer than any other county in the United States to having an equal division among the nation’s four major ethnic communities — Asian, black, Latino and white residents."
- Houston ranks an impressive #3 in the growth of tech/STEM jobs in the 21st century, ahead of tech powerhouses like SF and Seattle. Austin is #1.
- Density, Unpacked: Is creative class theory a front for real estate greed?
- Forbes makes the case for Philly competing with Houston as an energy hub (hat tip to HAIF). From what I'm reading there, it sounds like it could be an energy hub, but it would be a *regional* one, not a national and certainly not a global one like Houston. A big chunk of the U.S. population lives in the northeast, and it probably needs a local energy infrastructure hub. Philly is probably not a bad place for that with a port, affordable land, and a central location in the DC-Boston corridor. Houston is a regional energy infrastructure hub too, but we're also the global hub for headquarters and professionals - and Philly is a far cry from that.
- The NY Post on why Americans are fleeing the northeast, especially for Texas. Excerpt:
"As economist Tyler Cowen points out in Time magazine, when you adjust incomes for tax rates and cost of living, Texas comes out ahead of California and New York and ranks behind only Virginia and Washington state.
Critics charge that Texas’s growth depends on the oil and gas industries and is weighted toward low-wage jobs. In fact, Texas’s low-tax, light-regulation policies have produced a highly diversified economy that from 2002 to 2011 created nearly a third of the nation’s highest-paying jobs. In those years, its number of upper- and middle-income jobs grew 24 percent.
Liberals like Noah often decry income inequality. But the states with the most unequal incomes and highest poverty levels these days are California and New York. That’s what happens when high taxes and housing costs squeeze out the middle class."
Finally, I'd like to end with a pretty mind-bogglingly impressive time lapse video of Chicago at night
. Watch it in full-screen HD for the full effect. Still waiting on someone to step up and do this for Houston...
Labels: affordability, creative class, demographics, density, economic strategy, economy, energy, growth, headquarters, home affordability, rankings