A Third of America’s Economy is Concentrated in Just 31 Counties

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I think, if we want to address inequality, we’re going to have to address the geographical differences in access to capital. Finance is listed as among the most concentrated of industries, and this map clearly shows the financial centers of the country. If there are only a few places with big banks, then there are only a few places where big loans will turn to new firms and economic activity.

23rdCenturySouth

How many of them are Republican voting counties? Maricopa as of 2016 but not 2018?

xbhaskarx

Yet another Pareto distribution.

MakeoverBelly

Obviously we have job openings in companies where we can compete globally. These are service based industries where you can pick and choose your location. Many american fortune 500 companies are service based and exist in major cities to appeal to future employees and get a better return on recruiting. We should NOT be seeing the inverse atm because we still mostly have people work at a actual business location. I wonder how this will change with a work from home model due to the lower cost of living outside of major cities. The downside to this will be richer people moving to poorer areas for the lower cost of living. This will both enrich smaller towns but also drive up home values and thus increase taxes on the poorest who wont be able to compensate. It will be like a country wide gentrification. I have a feeling the prettier places that you see on r/earthporn will be the first to go as long as they have stable internet, which living in Montana right now, most do.

AwkwardTickler

It makes sense. I’m actually a little surprised that it isnt even more heavily weighted to one side. With the rise of tech companies over traditional manufacturing it is easier than ever for a relatively small area to have a huge net impact on overall productivity. If you take a look at the top 10 american companies in 1980 vs. 2019 they flipped from being largely manufacturers of tangible goods to companies that exist online. Boeing, Dow, GE all needed massive production areas with backup facilities and complex supply chains. The same cannot be said for the Facebook’s, Twitter’s and uber’s of the world.

Incontinentiabutts