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David Watson 🥑
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John Burn-Murdoch
@jburnmurdoch
NEW: America is a rich country. Britain is a poor country with one wealthy region. People love to compare the UK to Mississippi, but it’s far more informative to look at UK subnationally, too. London ranks fairly well, the rest of the country does not 👉 ft.com/content/e5c741
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TBF this is SF and SJ, not the whole Bay. If you split NYC into it's boroughs Manhattan is 604 and Westchester County is 113. That's inflated by commuters who live in other parts of the city and commute, but the same is true of people communiting in the Bay. Comparing the entire
I think that this sneakily excludes the lower-productivity parts of the region. If you had the GDP per capitas of Manhattan and Westchester County, yeah, they’d both be astronomical
“Texas” is a single market but San Fran and San Jose are separate, and no mention of DC metro which sits cleanly in 3rd place if not higher?
surprised it’s not higher ngl sf is tiny as far as cities go, with very high-paying jobs being much more common than other cities. I guess the tenderloin and soma balance that out a bit..
But that’s it weakness. NYC having double the gdp of sf and sj combined (metro areas) is an indictment not a brag imo