One Path to Better Jobs: More Density in Cities (New York Times)
Get this: the more crowded the city you live in, the more likely you’ll make better money and be more productive. Decades of research shows that density equals jobs, productivity, innovation and wealthy. Why?
Density simply facilitates interaction. Interactions translate into wealth when a population is educated and local institutions support private enterprise and entrepreneurship.
A new report shows that a lack of good public transit access makes it harder for cities to lower unemployment numbers. Low-income groups suffer the most – since families without cars will face difficulty finding and keeping new jobs. This may be a reason that cities with good transit are faring better in the ongoing recesion.
A new bike sharing program in Boston is celebrating incredible success at the end of its first month. The program – which features 600 bikes, 53 stations and a yearly subscription fee of $85 – has already attracted over 2,000 annual subscribers and logged 36,612 station-to-station trips. Could Boston’s success be repeated in Los Angeles?