If you think of we live in a pretty laid back place, there is some interesting social science that backs up that observation. Washington is the third loosest state in the country, exceeded in looseness only by Oregon and California.
We have little reason to believe that software will not continue to expand its domination of the economies of the state and Seattle area. The feast will continue.
For decades, Puget Sound dominated West Coast shipping and the ports, and the ancillary activities of shipbuilding, dominated Seattle’s economy.
We need to recognize that strong patterns of in-migration to Washington and the Seattle area have been the norm for 169 years. People come here for some combination of opportunity and lifestyle. The pertinent question is, what would make people stop coming here?
People with college educations make up a larger share of movers than in the total population. Nationally, about 32 percent of the population has a bachelor’s degree or higher, but nearly 70 percent of the people moving to King County have a college degree.
The decline in interstate household mobility starting in 2007 had logical reasons, but as those reasons gradually went away, mobility did not recover. Americans just seem stuck.
The Census Bureau expects annual births to increase only slightly in the U.S. over the next 20 years. In contrast, OFM expects births in the state to increase by over 20 percent between now and 2040.
When economies start to grow again, those who lost their jobs get back to work, right? It’s not that simple.
Internet commerce has been making steady inroads into retail trade, but got a major bump during the pandemic lockdown.
Washington State is home to a number of large military installations that employ tens of thousands of uniformed and civilian personnel, making it one of the largest concentrations of military activity in the country
Readers of two national daily newspapers would be forgiven for a little confusion on September 4, the day the Labor Department released its August jobs and unemployment estimates.
Many of the mid-sized and smaller cities that have, in the past, suffered from higher unemployment and a slower recovery than the Seattle area are seeing jobs recover faster.
A combination of fewer commutes and fear of proximity to strangers has made transit one of the toughest problems to solve in the wake of the pandemic.
Overall, spending on durable goods is up 12 percent over February, and spending on non-durable goods is up 3 percent, while spending on services remains down 9 percent.
The biggest hurdle the housing industry faced was the availability of labor. We now have the opportunity to reskill workers whose jobs won’t be returning.
Not long ago, The Population Bomb predicted an imminent Malthusian catastrophe: soaring population would outstrip our ability to feed the world. Didn’t happen. In fact, we may now be facing the opposite problem: not enough younger people to look after the older people.
Here in the Seattle area we like to think of ourselves as eco-conscious. Just how true is that? What is the carbon footprint of Seattle, and how does it compare to other places that we might think of as less enlightened?
Median rents are falling for apartments inside the city of Seattle. And it’s not a new phenomenon growing out of fears of dense places and riding in elevators. The trend was underway before the pandemic hit, and shows up in other high priced markets.