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Only if the big cities have enough untapped jobs that let new residents thrive.
by ZenoArrow 10y ago
Only if the big cities have enough untapped jobs that let new residents thrive.
- adventured 10y agoCities usually significantly outperform when it comes to unemployment: http://i.imgur.com/lPB3R7m.jpg http://i.imgur.com/lPB3R7m.jpg
- ZenoArrow 10y agoThat's fine, but it doesn't really address my point. To put it in different terms... imagine a city has 1 million jobs that pay a livable wage, and you increase the city's working age population by 2 million. Even if cities are more efficient at creating new opportunities than rural areas, that does nothing to address the shortfall in the job market in the short to medium term. Also, rapidly increasing the population size of a city tends to push up the price of accommodation faster than an increase in wages, which reduces the pool of available livable wage jobs. In short, rapidly increasing the population size of a city without the job market already set to support it isn't likely to lead to economic stability.
- surfmike 10y agoThose jobs get created incredibly quickly, and often the only factor in preventing them from being living wage jobs is accommodation costs. So cities should be prepared for allowing accommodation to be built quickly too instead of adding too much delay and restrictions.