U.S. Economic Expansion is Unevenly Spread, Study Says
The U.S. economic expansion is lifting a handful of vibrant communities to new heights but also leaving broad tracts of the country stagnant or sinking, according to a new report.
The study, by the Economic Innovation Group, finds that a small number of high-growth cities and towns are fueling U.S. growth and masking economic struggles in decaying industrial towns, swaths of the rural South and other areas of the country.
“The prime years of the national economic recovery bypassed many of America’s most vulnerable places altogether,“ the report said. ”Far from achieving even anemic growth from 2011 to 2015, distressed communities instead experienced what amounts to a deep ongoing recession.” Read more here, from The Wall Street Journal.
According to EIG’s calculations, about 85 million Americans, or 27% of the population, live within the most prosperous communities, typically suburban, in the Western half of the country and often tech hubs. The top one-fifth of ZIP Codes accounted for more than half of the country’s job growth from 2010 to 2015.
Comment: If this report is correct, it almost guarantees President Trump will continue to have solid support away from the coasts. It also suggests – to us – that in picking a new headquarters, Amazon.com should make a point to seek one of these communities.
Exploding Ovens: Why Glass Doors Shatter and What to Do It If Happens to You
There are many reasons glass can explode, and it can affect any oven brand. Read more here, from Which.