For decades, America’s economy has been powered by its preeminent coastal cities, New York and San Francisco. Now, Jacob Zinkula reports in Business Insider that those days may be over. He writes:
The future of the US economy could be powered by cities in the Sunbelt.
Economic and societal power in the US may be shifting away from colossal coastal cities such as New York and San Francisco to metropolitan areas tucked below the Mason-Dixon line, as Barron’s recently reported. That’s because economic power is flowing to the middle of the country — and places such as Houston, Dallas, Nashville, and Miami are becoming hot spots.
Just as New York City has Wall Street and San Francisco has Silicon Valley, Houston has its energy economy and Miami has its proximity to Latin America and growing financial industry. And while Los Angeles has Hollywood and Washington, DC, has politics, Dallas has a blossoming environment of diversified business behemoths and Nashville is a healthcare and tech hub.
“You used to have two coastal power zones where you could live your best life, never really touching down in the red states,” Niall Ferguson, a Stanford historian, told Barron’s. “We now have much more of a multipolar America rather than a bipolar America. That reflects taxes, quality of life, cost of living, the ability to build, and incredibly striking differentials in quality of governance.”
Action Line: The country is changing as citizens look for a better America. They’re finding it in states that respect their money and their freedoms. To see which states might treat you best, check out my map on Your Survival Guy’s 2023 Super States. Then click here to subscribe to my free monthly Survive & Thrive letter and be among the first to receive updates to my map.
E.J. Smith - Your Survival Guy
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