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Population growth is slow, but economically Philadelphia has a very diverse economy and has made some recent noticeable economic increases even compared to certain hot spot cities, falling in line with your #2 item. See latest GDP data thread. I don't see Philadelphia's recovery any slower or different than Chicago, Boston, Atlanta, Dallas, etc.
To add to your point re: Philadelphia, there's evidence that it's the most economically diverse metro in the US (among 500K+ metros).
Prior to the current economic fiasco, Philadelphia's economic growth was at least as fast as Chicago and Boston, as well, so it certainly does warrant being placed in that grouping. Atlanta and Dallas are generally in a different tier of growth as " Sun Belt" metros, but there's signs that both are beginning to reach a point of more mature, slower growth.
Prior to the current economic fiasco, Philadelphia's economic growth was at least as fast as Chicago and Boston, as well, so it certainly does warrant being placed in that grouping. Atlanta and Dallas are generally in a different tier of growth as " Sun Belt" metros, but there's signs that both are beginning to reach a point of more mature, slower growth.
I also posted evidence that it's the most stable economy amongst major metros since 1990.
Our population growth is below replacement level at this point. The US is not having enough babies to offset deaths-point blank.
Metro Area Population Growth +20% or greater(1990-2000)
+83.3% Las Vegas
+47.7% Austin
+45.3% Phoenix
+38.9% Atlanta
+38.9% Raleigh
+34.3% Orlando
+30.4% Denver
+29.3% Dallas
+29.0% Charlotte
+26.3% Portland
+25.2% Houston
+25.0% Nashville
+24.4% Salt Lake City
+22.1% Fresno
+21.4% Jacksonville
+21.4% Miami
+21.3% Sacramento
+20.2% San Antonio
Impressive^ right? Now look at this decade...
Metro Area Population Growth +20% or greater(2010-2019)
+29.76% Austin
+23.02% Raleigh
+22.20% Orlando
The idea of being resilient is going to mean something different as time goes on...
We went from 18 Metro Areas growing at 20% or more at the turn of the century to only 3 this decade.
Our population growth is below replacement level at this point. The US is not having enough babies to offset deaths-point blank.
Metro Area Population Growth +20% or greater(1990-2000)
+83.3% Las Vegas
+47.7% Austin
+45.3% Phoenix
+38.9% Atlanta
+38.9% Raleigh
+34.3% Orlando
+30.4% Denver
+29.3% Dallas
+29.0% Charlotte
+26.3% Portland
+25.2% Houston
+25.0% Nashville
+24.4% Salt Lake City
+22.1% Fresno
+21.4% Jacksonville
+21.4% Miami
+21.3% Sacramento
+20.2% San Antonio
Impressive^ right? Now look at this decade...
Metro Area Population Growth +20% or greater(2010-2019)
+29.76% Austin
+23.02% Raleigh
+22.20% Orlando
The idea of being resilient is going to mean something different as time goes on...
We went from 18 Metro Areas growing at 20% or more at the turn of the century to only 3 this decade.
Wow yeah, and the huge 54% drop in immigration this decade over last also might have to do with the huge drop in growth as well.
1990s Average Fertility Rate was 2.1sh, now its treading down to 1.7 yikes
Japan is doing fine with a below replacement rate, may not have the best economy, but socially stable as heck. Clean country, few homeless tents.
Given that we could on the verge of huge wave of job displacement due to automation, and how much debt Millennials/Gen Z have, fewer babies may be a good thing.
Japan is doing fine with a below replacement rate, may not have the best economy, but socially stable as heck. Clean country, few homeless tents.
Japan's high standard of living literally has nothing to do with population growth or decline.
Also, I'd hardly say that everything is "fine", especially for rural areas that are being abandoned. Infrastructure is falling apart and transportation shut down, severely limiting mobility and opportunities for the remaining inhabitants. Japan also has a MASSIVE debt-to-GDP ratio. The country itself has stagnated economically for years and incomes are surprisingly depressed.
My vote after DC for most recession proof goes to Dallas-Fort-Worth. In my opinion the new LA in the state of Texas which is the new California.
Yeah the old California didn’t have a long run in the grand scheme of things. Who knows how long the “new California” will run for. The nice parts of old California also has amazing weather and scenery to offer. I’ve lived in the north Dallas area before, it’s just office park and flat subdivision land. It’s not La Jolla or Manhattan Beach. Never will be.
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