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View Diary: 9 of the 15 wealthiest American counties are where? (59 comments)

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  •  People can quibble (1+ / 0-)
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    about means and medians and sizes of counties, etc., but the fact remains that D.C. and Wall Street have been sucking up money, while the rest of the country basically is sinking ever deeper into the muck. That isn't a good thing, unless you're one of those in D.C. or New York with your mouth on the faucet.

    •  "sucking up money" for decades and decades (0+ / 0-)

      This "revelation" is nothing of the sort.  NYC and DC have dominated the nation financially and politically for a long, long, long time.

      grok the "edku" -- edscan's "revelation", 21 January 2009

      by N in Seattle on Fri Dec 17, 2010 at 05:09:03 PM PST

      [ Parent ]

      •  Ehh . . . (0+ / 0-)

        D.C. is a relatively new phenomenon, actually. It has always been a very backwatery place to be the national capital of the world's biggest economy and most powerful nation. I remember going to school there in the late 1980's from California, and being kind of shocked at how small town-ish it was. I mean not compared to Richmond, Virginia or anything, but definitely compared to New York or Los Angeles.

        Even 15 years ago, Silicon Valley was the center of high-tech and to an extent defense, SoCal was aerospace and defense, etc. Now a lot of that is more based in the D.C. suburbs than it is out here. Los Angeles barely has a single Fortune 500 company.

        And this isn't all just California v. D.C., but also Chicago, the Midwest, Detroit, Cleveland, Texas to an extent, all of those places have declined in relative terms as against D.C., and to a lessor extent New York.  

        •  then explain how... (0+ / 0-)

          ...the nation's highest median household income in 1969 was in Montgomery County MD.  With Fairfax County VA in 2nd place, Fairfax city VA in 4th place, and Howard County MD at #11.

          All four of those are also in the top 15 for 2006-2008 pointed to by the diarist.  As well as the top 15 in 1979.  As well as the top 15 in 1989.

          As I said, decades and decades at the top of the heap.

          grok the "edku" -- edscan's "revelation", 21 January 2009

          by N in Seattle on Fri Dec 17, 2010 at 07:15:19 PM PST

          [ Parent ]

          •  Then that may not be the best measuring stick (0+ / 0-)

            But I do know that D.C. metro has one of the lowest unemployment rates in the country right now, for big metro areas, I know that a large number of major corporations have relocated their headquarters from other places to Northern Virginia in the last few years. There's also the fact that metro population has grown at a considerably faster pace than that of most other areas of the country, so even if average income in some of those counties has always been high, as a whole the metro area had less money in it relative to other areas.

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