'A set of public policy choices sowed the seeds of rising regional inequality in America.' 📝 Ganesh Sitaraman and Christopher Serkin
Julie Bennett—The Washington Post/Getty ImagesSitaraman is Director of the Vanderbilt Policy Accelerator for Political Economy and Regulation and New York Alumni Chancellor’s Chair in Law at Vanderbilt Law School. Serkin is Elisabeth H. and Granville S. Ridley Jr. Chair in Law at Vanderbilt Law School. Their paper,olicymakers often blame the problems facing America’s struggling places on the “natural” advantages of today’s superstar cities.
The model was the venerable U.S. Post Office. Since the founding of the country, the postal system has been designed to help stitch together even small, far-flung places. Think about it this way: it’s cheaper for the postal service to send a letter from New York to Boston than from New York to Alaska. But the price for a stamped letter is the same.
The result of this system was an extraordinary period of geographic convergence. Consider just one example: In 1940, residents in Mississippi earned merely 26% of what Massachusetts residents made. By 1979, however, the state had witnessed significant economic gains, and Mississippians earned nearly 70% as much as their East Coast counterparts.
Airline deregulation also had disparate geographic impacts. As airlines consolidated over time into the big four and into fortress hubs like Dallas or Atlanta, service even to big cities like St. Louis, Memphis, and Cincinnati has shrunk. Some small cities, like Cheyenne, Wyoming, now guarantee revenue for the airlines just to get a bare minimum of flights. Fewer convenient flights, of course, makes it harder to run a global business or to host national conventions.
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