Friday, May 22, 2026
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO NA Magazine > Opinion > A grave national problem

A grave national problem

in Opinion
Share on LinkedinShare on WhatsApp

There’s a growing divide between the haves and the have-nots in US cities, as a new report from the Brookings Institution shows.

Classical economics tells us markets should eventually reach equilibrium. So for example, people living in New York City would get so fed up with taking a shower in their kitchen they’d relocate to a roomy Victorian in Buffalo, and Buffalo’s economy would benefit.

But in the innovation economy, that hasn’t happened. Instead of places like Buffalo and NYC converging in economic performance, they’re becoming even more unequal. The winners are taking all.

But we have to consider this: Just five metro areas—Boston, San Francisco, San Jose, Seattle, and San Diego—accounted for more than 90% of the nation’s innovation sector growth from 2005 to 2017.

The authors view this regional polarization as a “grave national problem.” So they’ve proposed a call to action.

Congress, assemble!

The authors argue that the federal government should step in and sprinkle Silicon Valley fairy dust across the heartland. This proposed program would set up an application process to select eight to 10 metro areas to inject with up to $700 million per year each for 10 years in direct R&D funding.

The authors accept that there will be counterarguments to their proposal.

How can the government create a tech hub out of thin air? Well, the federal government was instrumental in boosting R&D centers like the Research Triangle in North Carolina.

Isn’t this a short-term fix to a more systemic issue? It’s not the only solution, but it’ll kick start economies in small towns that’ve been left behind.

The debate is a fascinating and important one for the US economy. Would the country get behind such a program? Or should we let growth centers emerge on their own?

Tags: Brookings InstitutionCEOCEO North AmericaCEO NorthamUS cities

Related Posts

Customer service AI startup Decagon raises $131 million
Opinion

Career Advice: How to Connect with Gen Z

Forget Retirement. Think “Rewirement.”
Opinion

Building confidence for the great wealth transfer ahead

Building Executive Presence in Today’s Workplace
Opinion

Building Executive Presence in Today’s Workplace

More women climbing to the role of chief sustainability officer
Opinion

AI Literacy: A Key Piece of an Executive’s Skill Set

How to Improve Employee Engagement in the Workplace
Opinion

How to Improve Employee Engagement in the Workplace

Peter Mallouk and CEO NA Magazine discuss Creative Planning’s full-service approach to asset management
Opinion

Recruiters say creative thinkers are hard to come by

Your career isn’t ending. It’s evolving
Opinion

Your career isn’t ending. It’s evolving

The payoff of meaningful employee belonging
Opinion

Great Company Culture Is More Than Creating a Nice Place to Work

Alphabet, Amazon expected to introduce dividends in 2024
Opinion

Private equity outlook: What matters for long-term investors

Data shows how HR can manage politics in the workplace
Opinion

Data shows how HR can manage politics in the workplace

No Result
View All Result

Recent Posts

  • Is dairy disturbing your dreams? Here’s what a study on food and sleep found out
  • Workday wins on Q1 earnings from steady AI demand
  • Spotify shares rise on Universal AI music deal
  • Design plan for 250-foot “Arc de Trump” is approved
  • Alien ‘encounters’ put this strange-looking monument on the tourist map

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.