Nice piece on the shifting “New New Economy of Jobs.” White collar jobs, in particular, are dispersing around the country. Florida has overtaken New York; Texas is catching up to California
"California and New York have, by far, the highest net outflow of domestic companies across the US since the start of 2015... [T]he most cited reasons for relocation have been the regulatory environment and the availability of skilled workers"
![scottlincicome's tweet image. "California and New York have, by far, the highest net outflow of domestic companies across the US since the start of 2015... [T]he most cited reasons for relocation have been the regulatory environment and the availability of skilled workers"](https://pbs.twimg.com/media/G6clh1qW8AAXRUD.png)
![scottlincicome's tweet image. "California and New York have, by far, the highest net outflow of domestic companies across the US since the start of 2015... [T]he most cited reasons for relocation have been the regulatory environment and the availability of skilled workers"](https://pbs.twimg.com/media/G6clzbnWoAAJLOx.png)
![scottlincicome's tweet image. "California and New York have, by far, the highest net outflow of domestic companies across the US since the start of 2015... [T]he most cited reasons for relocation have been the regulatory environment and the availability of skilled workers"](https://pbs.twimg.com/media/G6cl-LhXIAAspCA.png)
![scottlincicome's tweet image. "California and New York have, by far, the highest net outflow of domestic companies across the US since the start of 2015... [T]he most cited reasons for relocation have been the regulatory environment and the availability of skilled workers"](https://pbs.twimg.com/media/G6cmaGVWcAA47m0.png)
It’s true.
Generation Z is doing unusually *well* economically. The typical 25-year-old today has a higher annual income, net worth, and likelihood of being employed than the typical millennial or boomer did at 25. (Of course, AI might be about to change that) vox.com/politics/46877…
NYC rearranged tons of street space to make room for people to get around using bikes. What happened next? 🥳 Every mile of protected bike lane added generates about 1,100 daily bike trips. Bike commuting tripled from 2007 to 2024. 🥳 15% to 20% of new bike trips replaced…
Bike boulevards, protected bike lanes, eliminating traffic lanes on very busy streets to build bike lanes, closing major streets to traffic, eliminating street parking, introducing a congestion charge. We did all that shit, and the results were...New Yorkers kept buying cars at…
It's official: There will be NO OCTOBER JOBS REPORT. The report has been "canceled." The bad news: No October unemployment rate The good news: BLS is still going to try to collect some data from businesses for October. BLS will publish that data alongside the November jobs…
Driverless cars have massive potential to cut road deaths and speed up the shift to EVs. Yet left-wing cities, who in theory care more about road safety/climate change, are blocking the tech while free market red states push on. understandingai.org/p/waymos-next-…
London’s Bond Street becomes world’s priciest retail destination: "New Bond Street rents leapfrogged those on Via Monte Napoleone in Milan & New York’s Upper Fifth Avenue, where average rents were $2,179 & $2,000 per sq ft respectively" ft.com/content/5731e7…
NEW: Chicago residential property tax bills have exploded by 16.7% in the last year. The $469M property tax increase on Chicago homeowners is the largest in 30 years, according to a new report published today by Cook County Treasurer Maria Pappas. The jump was triggered by a…
BREAKING: Chicago Mayor Brandon Johnson will propose a new "head tax" of $21 per employee per month. The tax would apply to all companies employing over 100 people in Chicago and rise automatically with inflation. Long criticized as a "job killer," Chicago's previous head tax…
in many european economies with predominantly pay-as-you-go pension systems, average public old-age pensions have grown faster than labour compensation since 2008 given the demographic shift ahead, it’s increasingly hard to argue that this model remains fair to young workers
SF Fed study examines 150 years of U.S. tariffs and find that they lead to lower inflation and weaker aggregate demand (which raises unemployment) frbsf.org/wp-content/upl…
This is a great thread that violates a lot of slop narrative going around. There’s a wide perception that homeownership has become completely out of reach for younger people and only rich boomers buy homes anymore. And then you get a clickbait Apollo chart which everyone shares…
This is average, not median age, but the New York Fed finds that first-time homebuyers were *younger* in 2024 than in the 2000s. Haven't gotten older on average in nearly 20 years. h/t @MosesSternstein
This house was overpriced at $275k but listed right when the market turned. It’s puke time
The childcare subsidies are huge. You can be £20k worse off at £100,001 than you were at £100,000 People know this. They make additional pension contributions, turn away work, refuse promotions, work 4 days a week...
Adolf Hitler might be London's top real estate developer. Or more accurately, he might be the single man most responsible for actually building things in London. The reason is bombs. During World War II, London was subject to intense bombing. The worst period was the 8-month…
I wrote something about publication bias at statmodeling.stat.columbia.edu/2025/11/14/the… @Lester_Domes @vientsek
Everyone hates stamp duty. Everyone knows an annual property tax would be better. But no one has come up with a plan that: 1️⃣ Fully removes stamp duty 2️⃣ Leaves no one worse off than on the current system 3️⃣ Raises money for the Treasury from day one Until now. There are a…
👀👀 Very very interesting — data on disability accommodations in college, at last! Many of us have suspected that high-income students are benefiting the most from disability accommodations. Some answers! 🧵 as I read 1/
This is average, not median age, but the New York Fed finds that first-time homebuyers were *younger* in 2024 than in the 2000s. Haven't gotten older on average in nearly 20 years. h/t @MosesSternstein
What happens when online job applicants start using LLMs? It ain't good. 1. Pre-LLM, cover letter quality predicts your work quality, and a good cover gets you a job 2. LLMs wipe out the signal, and employer demand falls 3. Model suggests high ability workers lose the most 1/n
The outmigration (per 1,000 residents) of everyone is about the same in California as it is in Florida: "The least-sticky states tend to see high levels of outmigration of everyone—not just their native residents" dallasfed.org/research/econo…
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