Jordan McGillis
@jordanmcgillis
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writing about economics, tech, and industrial policy @InnovateEconomy / novak fellow @TFASorg / term member @cfr_org / views mine
Joined October 2010
My essay for @CityJournal's autumn edition is on the incredible value skilled immigrants bring to the US economy—and to our nation's strength. 🇺🇸🇺🇸🇺🇸 One person I profile is Ketan Khare, a chemical engineer from India. 1/
🚨 BREAKING: In a bombshell moment, Florida Gov. Ron DeSantis ABOLISHES H-1B VISAS from being used at state universities "We can do it with Florida RESIDENTS or AMERICANS! If we can't? Then man, we need to REALLY look deeply at what's going on with this situation!" DeSantis
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the ucsd story was way worse than what i gleaned from the tweets, a whole public education pathway appears to have broken down because it's optimized around not having the appearance of inequity instead of teaching people things
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The primary reason families we know move out of the City isn't bc they can't afford the housing (per se) They're used to paying those costs & space tradeoffs The reason is bc they can't afford a house in a good elementary school catchment ... and they cant afford private school
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a nation of temporarily embarrassed program managers
@besttrousers Not an answer, but here's our look at 'the working class' via BLS data. Of 83 million U.S. hourly-wage workers, ~80% are in services, esp. health, retail, & restaurants. I feel worker-centered pundits & pols mainly look at manufacturing and construction.
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To the "this was never a starter home" people in the replies: In 1999 the median household income in Colorado was $48,180. In 2024 it was $106,500. Income has doubled, but a house like this has tripled, reflecting housing's out-of-control price-to-income ratio. 1/
My parents bought this house when I was a baby in 1999 for less than $350,000 and brought my sister home from the hospital a few months later. We moved out a few years later. It sold in March for $1.25 million. There is something truly evil about how rigged the system is
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The national office vacancy rate is higher today than it was when the return-to-work push started in 2022.
WSJ: The Office Market’s Budding Recovery Is Leaving Most Cities Behind - Major cities are still reeling from high vacancy rates and anemic rents, failing to keep up with turnarounds in New York and San Francisco
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it probably feels so cool to be non-profit exec in your 50s living in a craftsman style home in takoma park, md. just driving your subuaru to the co-op.
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explains a lot, tbh
A recent New Yorker piece made people like me with no mental imagery out to be cold, unfeeling monsters. I prefer to think we are level-headed and rational while the rest of you are unduly swayed by the happenstances of what you see. https://t.co/gGkqVSmrvw
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In the Denver metro area where this house is, the ratio rose from under 4 in 1999 to nearly 8 in 2022. So, sure, this is a nice house, but the ratio has trended up across the board. /end
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As this @Harvard_JCHS analysis shows, across almost the entire country the price-to-income ratio has climbed drastically. 2/ https://t.co/LEXB9rWTFE
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To the "this was never a starter home" people in the replies: In 1999 the median household income in Colorado was $48,180. In 2024 it was $106,500. Income has doubled, but a house like this has tripled, reflecting housing's out-of-control price-to-income ratio. 1/
My parents bought this house when I was a baby in 1999 for less than $350,000 and brought my sister home from the hospital a few months later. We moved out a few years later. It sold in March for $1.25 million. There is something truly evil about how rigged the system is
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May I meet you?
Today, Valar Atomics became the first startup in history to split the atom. Announcing Project Nova, a series of zero power critical tests on Valar Atomics' Nova Core in collaboration with Los Alamos NCERC and NNSS. Nova went critical for the first time this morning at 11:45am.
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new episode, in which we defend and idea that pretty much everyone thinks is bad (ft @AllisonSchrager) and we explain a very important company that out-of-touch coastal elites have never heard of (with Real American @amandamull)
bloomberg.com
Donald Trump floated 50-year mortgages as a salve for affordability and was roundly criticized. On this episode, we explore whether he was on to something.
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Biden administration or none, the revolt against ossified left-liberalism was an inevitable correction. The tech-populist alliance and the new elite converge around that shared animus. /end
The era of technopatriotism is upon us. NEW from me @CityJournal on Trump and the technology brothers.
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By the 2010s, it was no longer the postwar conformists' pieties smothering creativity but those of the Bobos themselves: the necessity of community input, the fragility of Mother Earth, the evils of American imperialism, etc. 3/
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As I wrote @CityJournal this time last year, through the 1980s, 1990s, and 2000s techies were Boomers in the mold of @nytdavidbrooks bourgeois-bohemian "Bobos." The nemesis was The Organization Man. Left-liberalism was the reigning political philosophy. Eventually, though,
city-journal.org
Technologists stand ready to shape the next four years.
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This is worth a listen from @JerusalemDemsas and @jasminewsun. But I think Jasmine is wrong to focus so much on the Biden era as a cause of tech's shift right. It's more about generational turnover, from Boomers to Gen X and Millennials. 1/ https://t.co/3erdegLoyH
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unironically, what a time to be alive
Novartis' new malaria treatment cured 97.4% of patients – more than the current best treatment It kills resistant parasites, too, and probably blocks transmission better than current drugs Approval is expected next year!
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I wonder if any SDRs are planning on using “May I meet you?” in their subject lines tomorrow.
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