concordtom said:
I'll say more….
1.
It's great for locals to know that their economy is growing. New infrastructure, new roads new stores and restaurants are all nice things.
Good for all y'all.
2.
Water issues?
3.
Personal curiosity:
How much new solar PV infrastructure is being added for the local grid?
4. The growing metro size benefits outlined in #1 above only happen if the population is expanding. And we've discussed population and economic growth issues before in OT.
What's the #1 driver of GDP?
Consumption.
What's the #1 driver of Consumption?
Population.
So if you want a growing economy you need a growing population.
In USA the fertility rate has dropped to 1.65 kids per woman, far below replacement rate of 2.1.
(Italy and Japan have tons of old villages with nobody to live there. No plumbers or electricians. No post office. No schools. Empty buildings and the remaining elderly population has a crappy existence.)
So the only way to flip that is by importing from elsewhere. Immigration.
Vegas has immigration. USA has immigration. But not every nation or every part of the USA has immigration.
The MAGA ICE xenophobic policies are ANTI-GROWTH.
You don't get #1 without either having more kids on your own OR stealing from elsewhere. Vegas is taking from elsewhere.
It's an interesting paradox. I'm not in favor of global human population growth. I am for new and growing economy.
Per capita productivity gains are a driver of GDP growth, too! Not just people.
Technology gains lead to productivity gains.
Therefore, I'm pro- robots and AI, even if it means job displacements. Net, it's all a productivity boost.
The interesting thing is, who profits in society from these gains? Everyone? Or a shrinking minority who creates the tools of the gains?
We don't want concentration of wealth, but that's happening.
So, how to spread the wealth?
We (I) want to reward innovation, and are not pro-wealth redistribution. But putting 50% of wealth in the hands of 1% is not a healthy society. So then we ARE discussing taxation and wealth redistribution, which makes me uncomfortable.
Play it like a simulation game. Ever play SimCity?
What are the right policies?
There, Wife, that oughta give you some things to chew on. I'm curious to read your thoughts.
Is this anywhere along the lines of what you were looking for?
Knee jerk responses here. Wind it up and go.
I'm pro growth, pro immigration, pro productivity gains, pro technology, pro global population leveling, pro big-middle-class, pro environmental protection, and that all creates difficult consequences:
What to do with places that end up losing population? Deconstruction of their decaying human footprint??
How to justify taking of wealth that has become concentrated?
Both are very difficult for me to address in my head.
I don't have that Sim'ed out in my head.
1) yes, the Strip provides and tax base and jobs and infrastructure and since the Strip basically is selling entertainment, also provides also adds to the social life for resident or part time residents with concerts, sports, etc. The Strip provides around 300K in jobs, which means with a population now around 2.4 million, 2.1 people in the LV Valley are doing something else. It is estimated that around 20% of those 2.4 million are retired. So think of smaller Phoenix without the more diverse economic base.
2) Water and Development. Currently they have sufficient water for the next several hundred years for the present population. 12 years of reserves in Lake Mead, 300,000 acre feet or so annual water rights from the Colorado River, 117 billion gallons of stored water in underground aquifers, and very strict water conservation (nearly 100% of water used indoors is recycled, one-day-a-week watering schedules, a ban on non-functional grass, etc.). That said, there are limits on development, since the Valley will run out of usable land unless the BLM opens up land for development.
3) Don't know. The electric company does use solar and a lot of alternatives. As for home solar, the electric company, which is owned by Warren Buffet and affiliates, is fairy hostile, and rates are low, so the people that put up solar tend to do so strictly for personal environmental beliefs, like us.
4) Immigration, etc: AI tells me California has a slightly higher racial and ethnic diversity index than Nevada and can't really get info on a city by city basis. Again AI says the Vegas Valley has around 200,000 illegals is like 6% or the population. AI says that is on the high side relative to the country. I'm assuming the entry level jobs in hospitality are a draw. So your comment about immigration is on point.
5) Not sure how to respond to a lot of the rest. One thing is while CA is tied for the 4th worst GINI coefficient, Nevada is tied for 12th place. Las Vegas probably is worse than the State level with a higher concentration of extreme wealth ( a lot of tax refugees from CA and now WA) with lower wage hospitality employees. This is income distribution, as opposed to the wealth (no really good numbers on the latter). There is a much bigger middle class in the Vegas area due to the affordability of housing.