America's Incredible Shrinking Big Cities

WSJ Opinion: Potomac Watch

The Wall Street Journal

Society & Culture, News

4 • 2.7K Ratings

🗓️ 24 May 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Two years into Covid-19, New York had lost 5.3% of its population and San Francisco dropped 7.5%, according to new census figures. But if crime and disorder reign, big cities won't recover. Target now says "inventory shrinkage," including theft, costs it $500 million a year. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	BP supports more than 240,000 jobs across the U.S. A workforce aiming to deliver the
0:05.9	energy America needs today while developing lower carbon alternatives.
0:10.1	See how we're investing in America at BP.com slash investing in America.
0:18.2	From the opinion pages of the Wall Street Journal, this is Potomac Watch.
0:24.1	New figures from the Census Bureau shows how much America's biggest cities shrank in
0:28.3	2022.
0:29.8	And are those mayors and city councils doing anything at all to recover?
0:33.4	Welcome on Kyle Peterson with the Wall Street Journal.
0:36.0	We are joined today by my colleagues, columnist Alicia Finley and Kim Strassel.
0:41.8	Several months ago, the Census Bureau released data that showed the continuation of what
0:46.9	the journal's editorial called the blue state exodus.
0:50.4	And the conclusions there were that Texas and Florida make up about 15% of the U.S. population,
0:56.3	about 70% of the population growth, California's shrank by about 340,000 residents, New
1:02.8	York by about 300,000.
1:05.1	And these are figures for domestic migration.
1:07.6	So these are Americans that are packing up a U-Haul moving from one state to another.
1:12.1	Florida grew by about 320,000 and Texas by 230,000.
1:17.7	And Alicia, now we have some more granular information the Census Bureau has put out last
1:22.1	week specifically on city population trends.
1:26.0	And what are you can just take us through what this information says?
1:29.7	Census released the raw data on population increases or in most cases declines of cities,
1:37.4	large cities and actually relatively smaller what.
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