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Message
A Third of America’s Economy Is Concentrated in Just 31 Counties
Posted on 12/16/19 at 1:49 pm
Posted on 12/16/19 at 1:49 pm
LINK
quote:
While America’s economy has grown for over a decade, that growth is increasingly concentrated in 1% of the nation’s counties.
Just 31 counties, or the top 1% by share, made up 32.3% of U.S. gross domestic product in 2018, according to data released last week by the Bureau of Economic Analysis that included nearly 20 years of county-level GDP data. That's despite these counties only having 26.1% of employed Americans and 21.9% of the population last year. Their combined GDP share is also up from a recession low of 30.1% in 2009.
The nation’s economy is becoming increasingly concentrated in large cities and by the coasts—and less so in rural counties—spurring the question of whether rural areas will be increasingly left behind.
18
Posted on 12/16/19 at 1:50 pm to RedRifle
Texas and California leading the way
Posted on 12/16/19 at 1:52 pm to RedRifle
big cities have big economies?
NO frickING WAY!!
NO frickING WAY!!
Posted on 12/16/19 at 1:52 pm to RedRifle
Liberals doing work.
Posted on 12/16/19 at 1:52 pm to Paul Allen
Actual order is California and then Texas
Posted on 12/16/19 at 1:53 pm to RedRifle
Detroit and Cleveland > Denver, KC, Nashville. I wouldnt have guessed that.
Posted on 12/16/19 at 1:56 pm to Jim Rockford
quote:
Detroit and Cleveland > Denver, KC, Nashville. I wouldnt have guessed that.
Why? I'm not....there is still a lot of manufacturing and industrial output in those two cities not to mention generations of wealth generated.
Posted on 12/16/19 at 2:12 pm to 14&Counting
quote:
Detroit and Cleveland > Denver, KC, Nashville. I wouldnt have guessed that.
Can't says as to actually why, but it makes sense based on everything else I've seen on the "boom" of some of these cities.
Don't know much about KC, but the explosion of growth in Nashville is grossly overblown. They are playing catch-up in a lot of ways, finally building more hotels and doing as much infrastructure patching as possible. BNA is not fit for Birmingham, Alabama much less Nashville. Most of the growth in the city has also been with those in their 20s. While potentially great for the future if they stick around, there is still a deficit of high-paying job opportunities when you compare the city to other mid-majors like Charlotte and Tampa, and they're not even in the same stratosphere of the Dallas, Houston, Atlanta, Chicago, Philly, Boston grouping.
It'll be interesting to see how much Denver and Nashville grow, as the biggest catalsyt for their growth has been quite plainly, they are great quality-of-life cities, with comparably low costs of living to major hubs in their regions.
Posted on 12/16/19 at 2:13 pm to Paul Allen
quote:
Texas and California leading the way
They should ,because they are the 2 most populated States in the Union.
Posted on 12/16/19 at 2:14 pm to RedRifle
Where’s Huntsville?
Posted on 12/16/19 at 2:17 pm to RedRifle
Bunch of non-producing areas on that map.
Posted on 12/16/19 at 2:17 pm to stelly1025
quote:
They should ,because they are the 2 most populated States in the Union.
Because the economies are so good.
Posted on 12/16/19 at 2:19 pm to stelly1025
This becomes a much more interesting study if it is indexed to population to give productivity per capita.
Posted on 12/16/19 at 7:58 pm to TT9
quote:
Liberals doing work.
Posted on 12/16/19 at 8:01 pm to RedRifle
List was obviously made before St George was incorporated.
Posted on 12/16/19 at 8:05 pm to RedRifle
quote:
That's despite these counties only having 26.1% of employed Americans and 21.9% of the population last year.
Seeing these numbers I don’t know why this surprises anyone. I would say that with that % of population and employed peoples, that % gdp is tight in line.
Posted on 12/16/19 at 8:10 pm to Oilfieldbiology
Big shock
New York
Chicago
LA
Seattle
Houston
Dallas
Miami
I mean yeah.
New York
Chicago
LA
Seattle
Houston
Dallas
Miami
I mean yeah.
This post was edited on 12/16/19 at 8:12 pm
Posted on 12/16/19 at 8:14 pm to RedRifle
I bet a third of America's crime is in 31 counties, also
Posted on 12/16/19 at 8:39 pm to RedRifle
No Orlando?
Posted on 12/16/19 at 8:41 pm to tommy2tone1999
Laughing at the facts? They're why you have your smartphone, TV, laptop, PC, and social media.
Fact!
Fact!
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