by Aaron M. Renn
Chicago’s swift, surprising decline presents formidable challenges for new mayor Rahm Emanuel.
In the 1990s, Chicago enthusiastically joined the urban renaissance that swept through many of America’s major cities. Emerging from the squalor and decay of the seventies and eighties, Chicago grew for the first time since 1950—by more than 100,000 people over the decade. The unemployment rate in the nation’s third-biggest city was lower than in its two larger rivals, and per-capita income growth was higher. Chicago’s metropolitan area racked up 560,000 new jobs, more than either New York’s or Los Angeles’s in raw numbers and over twice as many on a percentage basis…[Read the full article]