The Traderszone Network

Published in TZ Latest News 7 May, 2015 by The TZ Newswire Staff

Here’s how much New York and San Francisco’s tight housing markets are hurting the economy

The researchers used data for 220 U.S. cities to assess how much each added to national output growth between 1964 and 2009, relative to how much the metro itself expanded. Labor productivity and demand grew very quickly in San Francisco, New York and San Jose over that 45-year period, owing to their human capital-intensive industries including technology and finance, the researchers find.