The US Census Bureau just released its population estimates for 2018. As has been the case in previous years, the counties that added the most people (largest numeric growth) are all located in the south and west. Texas holds 4 out of the top 10 spots.
Here is a Tweetstorm by Jed Kolko, the chief economist of Indeed, with a couple of graphs summarizing the findings ( click through to see the full thread):
Despite the narrative that people are returning to cities and urban centers, the data is pretty clear: the flow of domestic migration within the US is largely from dense urban counties to more suburban -- and affordable -- ones. Big cities are expensive.
Joe Berridge's recent opinion piece in the Globe and Mail makes the case for why Shanghai is destined to become "the capital of future." Brash city building, massive scale, and entrepreneurial hustle are among some of the reasons why he believes the city is on a path to global supremacy. And similar to other great capitals, it has benefited from a strategic geographic position on an important waterway -- in this case the Yangtze River.
By way of comparison, Toronto is said to be the fastest growing urban region in both North America and Europe right now. We add somewhere around 125,000 people each year. Shanghai, on the other hand, is adding between 700,000 and 800,000 people each year -- much of it from internal migration. The city currently has a population of around 24 million people and it is expected to grow to somewhere between 35 and 45 million people by 2050. (Figures from the Globe .)
Notwithstanding all of our successes as a global city region, as I was reading Berridge's piece I couldn't help but come back to this comparison. Shanghai opened its first subway line in 1993. Today it has one of the most extensive networks in the world; whereas, it would probably take Toronto this long to figure out if that first line should be light rail or a below-grade subway. And we haven't even gotten to the number of stops yet.
But that's one of the differences between top-down and bottom-up city building: speed.
As a kid growing up in the suburbs, I got my driver's license the day I turned 16. Being able to drive was a big deal. But we know that this desire to drive has been changing in profound ways. Here's some recent stats on the percentage of licensed drivers in the US by age (taken from the WSJ ):
In 1983, about 46% of 16-year-olds had a driver's license. By 2014, this number had dropped to 24.5%, which is the lowest it has been in recent years, and was probably impacted by the broader economy. As of 2017, this number was up to about 26%.
If you're a car company, I would imagine that these are pretty important numbers. They represent the top of the sales funnel. Most people probably like to have a driver's license in hand before they go out and buy a car.
Supposedly, some people in Detroit are betting that young people will still eventually buy a car. And when they do, it'll be a nice big one like an SUV or a truck. But, the data suggests that it is not just young people who are eschewing driving.
Here's some data from the University of Michigan Transportation Research Institute ( via NPR ), looking at the proportion of licensed drivers in the US by all age categories:
While the biggest drop has certainly happened among younger generations, licensing is still down for older cohorts. Based on these numbers, we don't hit parity until somewhere around 50 to 54 years old.
And the only cohorts where licensing has increased significantly are when people reach over 55. Over 70 is up by a huge margin -- more than the drop among 16 year olds -- which is probably a symptom of people living longer.
Some of this decrease among young people can probably be attributed to delayed family formation and people living in denser urban environments, where it is more convenient to get around without a car. But I don't think that's all of it.
Which suggests to me that the race to autonomy is a pretty important one to win.
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Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.
