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This piece is an op-ed, not straight reporting. Tyler Cowen, its author, is a noted economist (with libertarian leanings), and he favors competition in many fo
by vonnik 4y ago
This piece is an op-ed, not straight reporting.
Tyler Cowen, its author, is a noted economist (with libertarian leanings), and he favors competition in many forms. Anyone curious about him and his views should read his blog Marginal Revolution and listen to his podcast. They're both smart:
https://marginalrevolution.com/ https://marginalrevolution.com/
https://conversationswithtyler.com/ https://conversationswithtyler.com/
Tyler has written extensively about stagnation in the American economy. Part of that stagnation is the decreasing mobility of Americans.
I very much agree with him that governments should compete for residents, especially the right kind of residents.
It takes hard work to build a successful city.
If we look at San Francisco, we see a city that has done everything it can to drive away many residents, and in so doing, destroyed its tax base, leading to a budget crisis. A great lesson in what not to do!
Why should there not be a market for talent, where the towns and cities of America compete to make themselves more livable, better centers of serendipity, better providers of public services? That sounds great to me.
In an earlier America, some cities took this mandate very seriously. For anyone curious, Stanley Marcus of Neiman Marcus tells the story of about the leaders of Dallas deliberately made it attractive to early residents in order to build their town. His biographical book is called "Minding the Store."
- m0llusk 4y agoThe situation in San Francisco is more complex than that. It is pretty clear that heavy handed taxes drove some away, but the bulk of office workers were not in that elite club. The transition to remote work drained San Francisco of its office workers. Even with that more than half of the existing office space stock is still rented and used.
- vonnik 4y agoIt's not a whole lot more complex. In the last few years, the city government could have adopted very different policies toward policing, homelessness, COVID, housing and education, all of which would have made it more competitive than it is. SF's commercial leases, while underperforming on a national level, are a whole different issue to the one Tyler is addressing, which is about competing for residents, not businesses.