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The Urban exodus documents here extensively over the past two years has had profound consequences on the US economy.
Starting with the pandemic, and subsequently accelerating due to the historic riots, unprecedented lawlessness and historic crime rates unleashed by democratic administrations in major US metroareas, urban exodus has had a “Donut Effect,” causing greater domestic migration out of urban counties and into the surrounding suburbs. At the same time, increased adoption of hybrid work and remote work have shifted the geographic location of demand for food and other services. The resulting temporary geographical mismatch in labor demand and supply could take time to resolve.
Addressing the topic of economic implications from urban exodus, a recent note from BofA economist Stephena Juneau writes that the labor market is in the midst of one of the most rapid recoveries in history. After falling by more than 21M from February 2020 to April 2020, private payrolls are now just about 200k below pre-pandemic levels. But this labor market recovery has been marked by substantial geographical variation. The growth in private employment has been much lower in bigger city centers compared to the surrounding suburbs.
In its note (available to professional ZH subscribers), BofA digs deeper into this geographic variation by focusing on 11 of the largest Metropolitan Statistical Areas (MSA)—New York, Los Angeles, Chicago, Boston, Dallas-Fort Worth, Houston, Miami, Philadelphia, Washington DC, Atlanta and San Francisco. The recovery of private employment in these city centers has lagged behind the recovery in the surrounding suburbs (yet another failing by mostly Democratic cities). Indeed, BofA finds that aggregate private payrolls in the urban counties are down 3.8% from the pre-pandemic level in 2019 Q4 (Exhibit 1). Meanwhile, the surrounding suburbs have seen only a 1.5% drop in private employment. The scientific name for the migration from […]
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker