The urban revival of America’s core inner cities has been a decades-long failed experiment, as deindustrialization coupled with failed liberal policies have created a growing problem of inequality and violent crime. Middle-class advancement was once localized in the core of America’s cities, but that is not so much the case today, as those areas are labeled a “barbell economy,” divided between highly-paid professionals and low-skill service workers.
Brookings Institution notes as early as the 1970s, middle-class income in the inner cities started to shrink more than anywhere else. Today, in most US inner cities, the cores are more unequal than their surrounding suburbs, noted geographer Daniel Herz.
As the failed American inner city experiment nears the latter stages before a collapsing point, a new report from Time could be the final nail in the coffin for some American inner cities, as the article suggests “cities have already reached ‘Peak Millennial’ as young people begin to leave.”
According to the latest Census data, after years of growth, the population of millennials in Boston and Los Angeles have declined since 2015, as a mass exodus from city life starts to take shape. Other cities such as Chicago, New York, and Washington, D.C., are experiencing similar issues but not as severe while growth rates of millennials plateau.</
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Two years ago Joel Kotkin told Nevada County this migration was coming and the County should prepare to attract the best and brightest fleeing from urban squalor, seeking single-family homes in safe communities to raise their children. According to Kotkin, these are the future economic engine in rural communities as they will be bringing their jobs with them, working remotely, or starting a business with fellow millennials. But, the leadership failed to come forward and create those safe single-family homes connected to a fiber optic broadband network in a school district know for educational excellence. We are building those connected homes in Placer County, Nevada County fails to compete once again.