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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy big cities thrive, and smaller ones are being left behind
You dont want to be hit by a recession in a city like Steubenville, Ohio.
Eight years into the economic recovery, there are thousands fewer jobs in the metropolitan area that joins Steubenville with Weirton, West Virginia, than there were at the onset of the Great Recession. Hourly wages are lower than they were a decade ago. The labor force has shrunk by 14 percent.
The dismal performance is not surprising. Built on coal and steel, Steubenville and Weirton were uniquely ill suited to survive the transformations brought about by globalization and the information economy. They have been losing population since the 1980s.
But what made them such bad places to ride out a recession was not just their industrial mix. With only about 120,000 people, they were just too small to adapt to the shock. And they may be too small to survive.
Steubenville and Weirton are on the losing side of yet another cleavage dividing the haves from the have-nots across the United States: geographic inequality.
Whether they rely on steel mills or coal mines, or a hospital or a manufacturing plant, small metropolitan areas are having a hard time adapting to economic transitions.
This inability has not only slowed their recovery. As technology continues to make inroads into the economy transforming industries from energy and retail to health care and transportation it bodes ill for the future of such areas.
They can be dangerous places for working people, said Mark Muro of the Brookings Institutions Metropolitan Policy Program.
https://www.bizjournals.com/seattle/news/2017/10/10/why-big-cities-thrive-and-smaller-ones-are-being.html?ana=e_du_prem&s=article_du&ed=2017-10-10&u=ColXVN5SPzQtLHFP87ho2w07857290&t=1507675323&j=78969281
WhiskeyGrinder
(22,345 posts)moondust
(19,981 posts)Corporate farming, corporate industry, corporate finance, corporate everything. Backed by Wall Street.
Basically back before Reagan there were still some small farms and small factories in rural areas that employed people from surrounding towns and sustained rural economies and schools. Then came corporations increasingly obsessed with maximizing profits, mergers and acquisitions, taking over everything they possibly could, moving their jobs and thus job hunters to urban centers where most of the money, shopping, transportation, and unemployed became concentrated. Of course later they moved many of those jobs offshore to cheap labor markets.
Ironically, rural Americans who voted for Reagan and other Republican moneygrubbers and thieves bear much of the responsibility for the decline of their rural way of life.