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A comment on Rents in Megacities Can't Go Up Forever. Parent comment

Re:Rents in Megacities Can't Go Up Forever by ntdef on Thursday March 23, 2017 @10:44AM (#13940139)
I think you're a bit misinformed. Chicago has two large keystone industries that serve the global economy: (1) Industrial large scale manufacturing (Boeing, John Deere, Caterpillar), (2) Insurance (all of them); not to mention a ton of Food and Agriculture HQs are based there as well.
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Re:Rents in Megacities Can't Go Up Forever by anubisresources on Thursday March 23, 2017 @11:00AM (#13940281)
Insurance is Hartford, CT. Food and ag I can see though
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Re:Rents in Megacities Can't Go Up Forever by and0 on Thursday March 23, 2017 @11:38AM (#13940707)
Slightly less so nowadays. I left that area and moved to a megacity so I could get into software dev without having to work at an insurance company (or ESPN). But there's a little bit more going on with CT nowadays, and I think the insurance companies are starting to spread out. They had a ton of leverage in the area and got away with a lot (not paying taxes, etc) but the well started to run dry and people started to push back. Before I left, the mere suggestion that we demand more from these huge companies always turned into highly publicized threats to take XX,000 jobs elsewhere.

The whole situation is dumb, overall I'd avoid living in CT for a ton of reasons. CT had a lot of industry going for it (Stanley Tools in New Britain, for example, and Hartford was the center of the gun industry 100 years ago) but those of course moved overseas. The insurance industry provided a safety net so it didn't go the way of the rust belt but, late capitalism y'know, so that was just a band-aid that's being slowly ripped off. This is happening everywhere but the systematic denial isn't as ingrained as in CT, it's weird.

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Re:Rents in Megacities Can't Go Up Forever by unethical_ban on Thursday March 23, 2017 @11:23AM (#13940521)
USAA is in San Antonio!
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Re:Rents in Megacities Can't Go Up Forever by acchow on Thursday March 23, 2017 @10:53AM (#13940220)
Isn't Boeing in Washington?

Also, not too many people aspire to be in insurance. I don't think you can put it on the same level as finance, arts, software, fashion, film, etc.

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Re:Rents in Megacities Can't Go Up Forever by ntdef on Thursday March 23, 2017 @11:01AM (#13940304)
Boeing planes are assembled in Seattle; their HQ is in Chicago.

Do people aspire to work in health, energy or finance, or even software aside from the money? If so, what difference does it make?

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Re:Rents in Megacities Can't Go Up Forever by 67726e on Thursday March 23, 2017 @12:08PM (#13941044)
The 787 is assembled in (North) Charleston, SC.
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Re:Rents in Megacities Can't Go Up Forever by ntdef on Thursday March 23, 2017 @12:15PM (#13941137)
The more common and widely used 737 is assembled at the Washington plant

https://en.wikipedia.org/wiki/Boeing_Renton_Factorye

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Re:Rents in Megacities Can't Go Up Forever by scurvy on Thursday March 23, 2017 @11:28AM (#13940584)
They left Washington a while ago; I think over taxes?
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Re:Rents in Megacities Can't Go Up Forever by steffan on Thursday March 23, 2017 @12:22PM (#13941197)
Also iirc they hired a CEO who lived in Chicago
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Re:Rents in Megacities Can't Go Up Forever by cylinder on Thursday March 23, 2017 @10:23PM (#13946085)
No they did not leave Washington, that's ridiculous. Their executive HQ is in Chicago but that doesn't mean much. Many executive HQ are in Chicago but that's not many jobs.
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Re:Rents in Megacities Can't Go Up Forever by scurvy on Thursday March 23, 2017 @11:47PM (#13946434)
Sorry, I meant the HQ left Washington. Doesn't it impact taxes if you're registered as a foreign corporation vs local?
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