Alert : Big City Exodus Accelerates
Channel: The Nomad Economist
Date: 23/11/2020

Alert : Big City Exodus Accelerates
The industrial revolution has matured into several changes over time. Simple example. We at one time were a agriculture  driven type economy.Today corporate owned, and excess real estate sold to developers. Then we had WW 2, and the expansion post WW2. Today we have access to slave labor with no benefit cost and tax shelters for Multinationals. Now automation and the digital world are front and center.Guessing how this phase will mature is anyone's guess.
Some cities will continue to grow, but migration out of cities will surge, particularly to exurbs 50 miles or more from a city center—giving rise to new micro economies where people live, work and play. By 2025, the US exurban population could outstrip the urban center population.

This makes particularly good sense for the burgeoning retirement generation and other population segments that are at a disadvantage in the crowded, congested, high cost big cities.  Move to a smaller town environment with more space and be able to leave their residences again without the fear of running into stressed people not doing well in these highly-competitive, often desperate conditions -- like the homeless and "protesters" who can't afford the rents and don't have the skills to compete in specialized jobs.
Their quality of life would be much better in making those moves -- to an environment much more favorable to those starting over.  They don't have to move to a foreign country to be able to live a quality life again.  Most small town American communities are way better -- with all the amenities of modern life except living in the highest densities that are largely unnecessary for them.

"Aging in place" is not doing them any favors -- if they can't leave their apartments or houses anymore because of desperate people living on the streets with nothing to lose.  Any place with a Walmart, Costco, Dollar Tree, Grocery Outlet, etc., is a very viable place to be -- and then there is Amazon, ebay for all those products not locally available.  Those are usually not in the city center -- but on the fringes, where life is better and space more abundant.

If your job is next door, there might be an advantage to living there but if one no longer is bound or tied in that way, and certainly if one is not flourishing, that is the solution for recharging their lives -- and restarting under more favorable conditions.  That is a major problem of these times -- but city planners and politicians still want to pack them as tight as possible as the vision of the future rather than spreading people out where the resources are more available.



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