Ethnic and racial diversity locked up in poor neighborhoods on Chicago's South Side does little good for the regional economy. So why do many blindly associate ethnic diversity with economic development?
The problem with placemaking. Or, what happens when a city becomes a magnet for the globe's upwardly mobile, with growth outpacing what the locals can keep up with.
Most people don't move to Portland for the usual reason—employment. The City of Roses attracts talent with a focus on urban amenities and regional planning. But that strategy is easy to replicate elsewhere.
Entire regional economies depend on the influx of talent. Without immigration, even the home to the world's largest technology companies would be suffering.
A captive labor pool (like working mothers who are unlikely to move their children) drives down wages. And as labor becomes more captive over time, the divide between rich and poor grows wider.
Return migration—native sons and daughters coming home after cutting their teeth in a Big City—is responsible for a burgeoning world-class restaurant culture in previously forgotten or ignored locations.