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The Forum > Article Comments > Peak CBD? Where the urban jobs are going > Comments

Peak CBD? Where the urban jobs are going : Comments

By Ross Elliott, published 17/8/2016

Central business districts long the glamourous headquarter preference for leading professional service firms are under increasing pressure from competing centres.

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I don't believe it should be a case of "where are the urban jobs going", but "where are the wealth creating jobs, and where are the value adding jobs".

Looking at the second chart in this article, it confirms my theory that cities such as Sydney, Brisbane and the Gold Coast are parasite cities that grow nothing, mine nothing and manufacture next to nothing.

These parasite cities exist by feeding off areas that do grow something, mine something and make something.

And the fastest growing jobs in these parasite cities revolve around health and social assistance, which are not wealth creating jobs, and not value adding jobs.

The parasite cities in Australia should not be supported or encouraged, and the jobs in these parasite cities should not be supported or encouraged.
Posted by interactive, Wednesday, 17 August 2016 9:42:47 AM
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The engine room of our economy was never ever in the cities or rather, their CBD's and the service industries that were located there!

But out in the manufacturing industrial estates with their steel mills, men and machines, out in the regions and rural Australia where we plowed or mined the earth!

Service industries are and only ever were an adjunct that served the real economy, rather than mysteriously create it like derivatives/money plucked from thin air!

Now that we've exported our capacity to make real stuff, all that's left are the service industries and their magic pudding products?

Given that is so, more and more are coming to depend on it and compete for the service dollar! And that competition with ourselves and other Australians, leaves no other option than to spread out to the burbs and regions!

What can we do? How about limiting the number of Doctors, Lawyers, accountants and analysts graduating or being imported? To make them inherently unaffordable?

That'll stop the drift away from the gridlocked overcrowded cities? Aren't we clever?
Alan B.
Posted by Alan B., Wednesday, 17 August 2016 11:21:37 AM
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The Peak CBD concern was a late 20th century phenomenon. Since then our CBDs have done quite well. The unsurprising fact that more jobs have appeared in new suburbs is irrelevant.

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Alan B. and interactive,

There's a lot more to manufacturing than just fabrication. Indeed globalisation has resulted in a diminishing value of fabrication in the manufacturing process. Meanwhile the value of intellectual property is increasing. This favours the CBDs though not to the exclusion of everywhere else. There is and always will be an equilibrium.
Posted by Aidan, Wednesday, 17 August 2016 4:20:33 PM
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Aidan,

If intellectual property is so valuable and concentrated in the CBD of cities, then how come cities are so unsustainable, about 80% of pollution is created by cities, the cities devour the countryside, they devour the resources of a country and they are such an eyesore.

There is no correlation between intellectualism and cities, and as the cities in Australia grow, intellectual property in Australia is actually shrinking.
Posted by interactive, Friday, 19 August 2016 2:38:36 PM
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Claims of economic growth in the US are adequatley explained by this

"I don't believe it should be a case of "where are the urban jobs going", but "where are the wealth creating jobs, and where are the value adding jobs.

Looking at the second chart in this article, it confirms my theory that cities such as Sydney, Brisbane and the Gold Coast are parasite cities that grow nothing, mine nothing and manufacture next to nothing."

This exactly explains exonomic growth in the US, Its all coming from the 'finaical services sector

Some Months ago, I read that Caterpillar in the US has experienced 37 continuous months of global decline at an average rate of decline 31% over this period.

What does that tell us?
might it be that the story in the US is the same here and that its only the finical services industry that is making money.

Australians need to answer one single critical question before any other discussion on industry and employment. The question is this: Does Australia want to be a high wage, high skill country or do we want to be a low wage low skill country?
Posted by Referundemdrivensocienty, Saturday, 20 August 2016 4:34:11 PM
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Referundemdrivensocienty

I don't believe the finance industries are making money, rather they are taking money from somewhere else.

The ponzi schemes by the banks and the real estate industry have resulted in Australia developing the highest level of household debt in the world, which is hardly wealth creating.

The cities are now swarming in unproductive parasitic rentiers.

http://www.counterpunch.org/2016/03/25/the-great-ponzi-scheme-of-the-global-economy/

And those cities are costing the country a huge amount of money to maintain, and the cities will probably destroy Australia eventually.

Unless america starts a war with Russia or China, which will be the end of Australia as we know it, and most of the world.
Posted by interactive, Sunday, 21 August 2016 11:39:48 AM
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