With his 2014 book, The Rise of the Creative Class, Richard Florida emerged as a provocative observer of modern cities. Here, Florida sheds his optimism about cities. He’s heartened by the resurgence of New York, San Francisco and other urban hubs. But he’s startled that these cities are playgrounds for the affluent that exclude the working classes. Florida focuses on the effect on cities of soaring housing values. He researched his topic with care, and writes artfully. However, some may wonder about the feasibility of his proposed solutions: raising the minimum wage, creating a basic income and replacing the mortgage interest deduction with a tax break for renters. getAbstract recommends his study to policy makers, real estate professionals and economic developers seeking insight into the renaissance of cities.
In this summary, you will learn
- How cities regained economic power,
- Why “superstar cities” come with significant downsides and
- How cities could create more equality.
About the Author
Richard Florida is director of cities at the Martin Prosperity Institute at the University of Toronto and senior editor at The Atlantic. He also wrote The Rise of the Creative Class.
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Comment on this summary
2 months agoSan Francisco is just shocking - such a beautiful city but so many homeless people that I would be afraid to live there with my family - this would be life quality 0 for me!