Explaining Southern California's economy

How to save America: Build better cities

Expo Park/USC Station

Courtesy of the Los Angeles County Metropolitan Transportation Authority

Expo Park/USC Station.

Felix Salmon has an interesting post today about how China has managed to keep it together depsite very trying economic times. The bottom line? Healthy investment in urban infrastructure. Which has fueled a boom in the creation of service-related jobs — just what you want if you need to think long-term about moving your economy away from agriculture and manufacturing. 

Cities, therefore, are good. Of course, China can do fine with a mix of agricultural and manufacturing labor at its core, with services a distant dream. The U.S., on the other hand, needs to push for service employment, as that's where the high incomes are. And we need high-income jobs to define America's future. Felix offers his formulation for how to get them:

How do you create service-industry jobs? By investing in cities and inter-city infrastructure like smart grids and high-speed rail. Services flourish where people are close together and can interact easily with the maximum number of people. If we want to create jobs in America, we should look to services, rather than the manufacturing sector. And while it’s hard to create those jobs directly, you can definitely try to do it indirectly, by building the platforms on which those jobs are built. They’re called cities. And America is, sadly, very bad at keeping its cities modern and flourishing. 1950s-era suburbia won’t cut it any more. But who in government is going to embrace our urban future?

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Google 'occupy' and get a grim prognosis

Looks like the day of reckoning for the Occupy Movement is upon us. When I googled "occupy" just now, I got a lot of news about how various cities are trying to dislodge the protestors from the public sites they've, you know...occupied.

I'll check in with Twitter next and see what's happening in real time.

Follow Matthew DeBord and the DeBord Report on Twitter.

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