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"With so much of the U.S. population in urban areas, it’s little surprise that these areas contribute an outsize amount to the economy. The 10 most productive m
by bensonn 8y ago
"With so much of the U.S. population in urban areas, it’s little surprise that these areas contribute an outsize amount to the economy. The 10 most productive metropolitan areas alone contributed to about 40 percent of U.S. GDP in 2016."
I always find facts like this misleading, not purposefully so but misleading all the same. Take a semi-random example, PepsiCO. HQ in NY, Incorporated in NC, 250k + employees, 60B+ revenue. This is a huge company with many brands and global sales. They are stocked and sold all over the world with factories, distribution centers, sales centers, etc all over the place.
Does the NY metropolitan area claim all 60B in productivity?
Weyerhauser is another interesting company. For 100 years they were based on of Federal Way and only recently moved to Seattle (probably same metro area anyway). Obviously their bread and butter, timber, is not grown, harvested or converted into product in the metro area. The CEO lives in Seattle but the thousands of lumberjacks and mill workers are not in urban areas. The employees that "do the work" are not in urban areas. That last sentence isn't meant to be inflamatory but it was the best wording I could think of.
Some companies, maybe Facebook, do generate the vast majority from the HQ in an urban area.
It is beyond my skills to figure it out but I think an equally cool map/graph/infographic (I do think this is cool, just a small nitpick here) would be to break down how and where companies actually generate their revenue.
Another possibility- I don't know what I am talking about and these stats already take this into account.