Why is Chicago losing population?

According to statistics, Chicago is the most culturally diversified city in the WORLD. More than NYC, more than L.A. More than Mexico City, or any other big city you can think of.

People may start out in the city, but once they start making it they move to the suburbs and start to commute.

Check out the suburban sprawl in the surrounding Chicago area and I doubt you will find it is declining.

All those old cornfields are now suburban neighborhoods.

Chicago is where you work, not where you live.
 
Don't forget the beauty of Hyde Park, one of the most culturally diverse cities in America. I did my graduate work there, at The University of Chicago (which incidentally is located in the city's south side). I studied business, and it developed my trading skills to what it is today. If it was not for all the extraordinary learning I did there, I would not have been able to make so much money for my clients over the years.

I aver that Chicago is still doing just fine, and is nowhere near a situation as dire as Detroit or New Orleans. Rahm Emanuel, in my opinion, is doing an excellent job of running the city.
 
Quote from thoreau777:

Chicago is still doing just fine, and is nowhere near a situation as dire as Detroit or New Orleans.
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No it is not, as the stats show. Facts are stubborn things. I guess if you lower your standard as low as Detroit, everything else looks just fine and dandy...

Alright, you have fond memories, fine, but that was probably 30+ years ago*. We are talking about the 21st century....

*OK, let's make it 44 years... :)

"Thoreau studied statistics and economics at Harvard University (B.A. 1964) and the University of Chicago (Ph.D. 1969). "
 
I can tell you why I came back.

Its not just the weather...its the people.
California has entrepreneurs, capital from all over, and the people believe in business synergy.

When I was back east for 3 years, I only met few guys with that sort of attitude. everyone back there held their money and ideas very close. there was very little business synergy.




Quote from dandxg:

Why would people stay, some of the highest income and property taxes I have heard of. CA's high income tax combined with TX's high property taxes. Double whammy no thanks.

Throw in crime and you have a trifecta. No thanks.

Visit sure live no thanks.
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Quote from thoreau777:

I aver that Chicago is still doing just fine, and is nowhere near a situation as dire as Detroit or New Orleans
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well... we're in a world where financialization is ongoing. Chicago is a financial hub so it's riding the right wave. Detroit was a manufacturing center and we all know that's not the wave nowadays, not in the US.. Louisiana is essentially where every other state sends it's toxic waste so yeah, not likely that New Orleans will be riding the wave of the future. Chicago could hold out for a long time. When the rich have gotten so much richer and the poor have gotten so much poorer that the financialization trend is over then Chicago could be Detroit Redux...
 
Quote from toolazy:

that is the root of the problem. All these jobs are movable, however because of that quality suffers. And because of poor quality not competitive on global scale.
you cant just pull real good & experienced engineer from the bum because you moved factory from A to B to suit your political needs.
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..."you cant just pull real good & experienced engineer from the bum". That's funny. If you could, he or she would probably do a "shitty" job, anyway.

There are plenty of engineers that have been put out of work. Plenty of talent and educated people in the US.
But, why should companies that operate in the US, hire engineers at $50k-$100k, when there is a cheaper alternative.
US companies don't have to hire engineers here.
The internet and file transfer allows them to send project requirements and exchange data. Engineers working in India, for example, then perform the work.
http://www.nytimes.com/2010/08/26/business/global/26engineer.html?pagewanted=all&_r=0
Not only are engineers at risk. Doctors are getting offshored :).
Health care providers now ftp transfer x-rays to be read by doctors in foreign countries, that typically earn a fraction of the counterparts here.
 
Quote from jem:

great article... incredible comments like this one....


Between all new Obama and Cuomo taxes I now pay 58% of my income in taxes, my rent is $6k per month for a small box. There are no jobs left as the regulation are moving them over seas.....Socialism is great until you run out of other people's money.
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where did you chose to live? even in ny you get a nice size apartment for 6k on manhattan's gold coast.
 
certain segment of US population doesn't contribute to the society, yet constantly create problems or burden for the society. it all comes down to one should be accountable and responsible for one's action.
 
Quote from HeSaidSheSaid:

certain segment of US population doesn't contribute to the society, yet constantly create problems or burden for the society.
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That's an intractable problem that's always going to be present in society, no matter if "society" has 5 members or 50 million...
 
Quote from zdreg:

it is a fool gold's dream like integration.. it is the parents,not the schools/teachers, who determine the educational achievement of their offspring.
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I agree with this one...


Quote from zdreg:

if public school teachers were obligated to send their own children to public schools the quality of public schools would improve very quickly.
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I disagree with this one because it contradicts your first one. A small group of teacher-parent/child trying to set a good example isn't going to overcome the school-wide problem. Which originates with the parents, like you stated previously..
 
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