4 ms·

2017 GDP Figures (Trillions USD) USA: 19.39 NYC: 1.72 LAX: 1.04 CHI: 0.68 DFW: 0.54 DCA: 0.53 OMG, almost a quarter of the US's GDP (23%) comes fr

2017 GDP Figures (Trillions USD) USA: 19.39 NYC: 1.72 LAX: 1.04 CHI: 0.68 DFW: 0.54 DCA: 0.53 OMG, almost a quarter of the US's GDP (23%) comes from just five metropolitan areas!

hackcasual 8y ago
Sure, and if any of those cities all the sudden decided to no longer produce domestic product, that would be a big risk to the US.
- imgabe 8y ago
  The GDP is a measure of all economic activity. I'd say there's a far greater risk that NYC might outlaw ride-sharing specifically, rather than, you know, suddenly decide to stop engaging in commerce altogether.
  - jetrink 8y ago
    That is exactly his point.
  - deleted 8y ago
    [deleted]
  - fgonzag 8y ago
    I think he's trying to state how unlikely that scenario is (compared to how relatively easy it is to ban Uber)
- thanatropism 8y ago
  He's saying: this is why Uber city-ridership as a Zipf law with alpha = X: the economy has a Zipf law with alpha = X. You're saying: this value of alpha presents a concentration of risk for Uber. Yes, you're both saying things that aren't false.
ggm 8y ago
DCA is surely about something other than real productive activity? (I guess people in DC might be making money, I thought they were spending it)
- scarmig 8y ago
  Perhaps, but if you want, you can replace it with SFO, which is roughly the same.
- lancewiggs 8y ago
  There is a surprisingly large real economy about the area.
- mandevil 8y ago
  The Washington DC MSA is, by population, the 6th largest MSA in the United States[1]. It also the 2nd most highly educated MSA in the US, by some measures[2]. The top three- and four of the top 6- richest counties in the country are part of the Washington DC MSA[3]. Given (2) and (3), the fact that it produces more than the fifth largest MSA by population in the country (Houston) should not surprise. The top four MSA's by population and by GDP are the same, in the same order- the one that is truly punching above its weight is the Bay Area, which is the 6th largest by GDP but the 12th by population.[4] [1]: https://en.wikipedia.org/wiki/List_of_metropolitan_statistical_areas https://en.wikipedia.org/wiki/List_of_metropolitan_statistic... [2]: https://www.cnbc.com/2018/07/26/the-10-most-and-least-educated-cities-in-the-united-states.html https://www.cnbc.com/2018/07/26/the-10-most-and-least-educat... [3]: https://en.wikipedia.org/wiki/List_of_highest-income_counties_in_the_United_States https://en.wikipedia.org/wiki/List_of_highest-income_countie... [4]: https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_areas_by_GDP https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_area...
  - ggm 8y ago
    TIL. Thanks! I wondered if it was IPR income declared in the DC area but activity elsewhere but it looks like things happen beyond lobbying and CEO decision making there. I've only ever dealt with NFPs In the beltway.
  - 8y ago

2017 GDP Figures (Trillions USD) USA: 19.39 NYC: 1.72 LAX: 1.04 CHI: 0.68 DFW: 0.54 DCA: 0.53 OMG, almost a quarter of the US's GDP (23%) comes from just five metropolitan areas!

hackcasual 8y ago

Sure, and if any of those cities all the sudden decided to no longer produce domestic product, that would be a big risk to the US.

imgabe 8y ago
The GDP is a measure of all economic activity. I'd say there's a far greater risk that NYC might outlaw ride-sharing specifically, rather than, you know, suddenly decide to stop engaging in commerce altogether.
- jetrink 8y ago
  That is exactly his point.
- deleted 8y ago
  [deleted]
- fgonzag 8y ago
  I think he's trying to state how unlikely that scenario is (compared to how relatively easy it is to ban Uber)
thanatropism 8y ago
He's saying: this is why Uber city-ridership as a Zipf law with alpha = X: the economy has a Zipf law with alpha = X. You're saying: this value of alpha presents a concentration of risk for Uber. Yes, you're both saying things that aren't false.

ggm 8y ago

DCA is surely about something other than real productive activity? (I guess people in DC might be making money, I thought they were spending it)

scarmig 8y ago
Perhaps, but if you want, you can replace it with SFO, which is roughly the same.
lancewiggs 8y ago
There is a surprisingly large real economy about the area.
mandevil 8y ago
The Washington DC MSA is, by population, the 6th largest MSA in the United States[1]. It also the 2nd most highly educated MSA in the US, by some measures[2]. The top three- and four of the top 6- richest counties in the country are part of the Washington DC MSA[3]. Given (2) and (3), the fact that it produces more than the fifth largest MSA by population in the country (Houston) should not surprise. The top four MSA's by population and by GDP are the same, in the same order- the one that is truly punching above its weight is the Bay Area, which is the 6th largest by GDP but the 12th by population.[4] [1]: https://en.wikipedia.org/wiki/List_of_metropolitan_statistical_areas https://en.wikipedia.org/wiki/List_of_metropolitan_statistic... [2]: https://www.cnbc.com/2018/07/26/the-10-most-and-least-educated-cities-in-the-united-states.html https://www.cnbc.com/2018/07/26/the-10-most-and-least-educat... [3]: https://en.wikipedia.org/wiki/List_of_highest-income_counties_in_the_United_States https://en.wikipedia.org/wiki/List_of_highest-income_countie... [4]: https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_areas_by_GDP https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_area...
- ggm 8y ago
  TIL. Thanks! I wondered if it was IPR income declared in the DC area but activity elsewhere but it looks like things happen beyond lobbying and CEO decision making there. I've only ever dealt with NFPs In the beltway.
- 8y ago