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Boston ITer
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 Posted: Sat Jul 21, 2007 5:24 am GMT Post subject: |
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| Quote: | | Other posters here have commented on the unwillingness of new MIT graduates to start high tech companies in Cambridge. |
Well, that's globalization of capital for you. What's happened is that VC money has expected the MIT/Harvard entreprenuers to start ventures with partners abroad, as a part of the funding process. What that does it that it either consolidates the startups solely around Kendall Sq or they move out really quick w/o a net gain of jobs in the region, overall. Even during the roaring 90s, this wasn't the case. Today, the steps are Kendall Sq breeder, east Asia for dev/production, and then when the operations fully mature, a setup on Rtes 128/495 to handle the clients locally or nationally, if northeast based. I think what you're seeing is the final effects of a RE bubble where the model of RE only goes up has made the Boston area, esp Harvard Sq, unattractive to local businesses. The end result is another New Haven CT-to-Wilmington DE type of region as oppose to the Harvard Sq of the storied past. |
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BK- former Owner
Guest
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| Posted: Sat Jul 21, 2007 1:40 pm GMT Post subject: Harvard Square in the 1980s |
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How did Harvard Square of the 1980s become what it was - A BIG RECESSION/STAGFLATION of the 1970s. The economy in Boston was booming in the mid 1960s and then the TECH CRASH of th 1960s hit. One of my families friend went from a High Tech job with RCA to a Toll Collector Job on the Tobin Bridge in the early 1970s. Ultimately, you my make more money as a toll collector when you consider Healthcare and Pension benfits. So, whats happening today in Boston happened in the 1960s-early 1970s. There is really very little in this World that is new if you are a student of history.
Harvard Square of 2007 has been created by a booming REIT/retail investment environment. This doesn't change until inflation drives up the cost of imported goods (this will hurt the retail sector). The Commercial Real Estate market has to hit the skids (lots of folks think this is just beginning) to reduce the cost of lease store space.
I miss the days of Old when Harvard Square included: the Wursthaus (sp?) , the Tasty , and Grendels (basement bar). I must be getting old! |
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Former Harvard Sq fan
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| Posted: Sat Jul 21, 2007 6:48 pm GMT Post subject: |
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| Quote: | | I miss the days of Old when Harvard Square included: the Wursthaus (sp?) , the Tasty , and Grendels (basement bar). I must be getting old |
I think a sliver of Grendel is still around but two-thirds of it disappeared sometime during the rebuilding of that Winthrop St unit.
| Quote: | | One of my families friend went from a High Tech job with RCA to a Toll Collector Job on the Tobin Bridge in the early 1970s. |
Looks like EasyPass and the Charlie kiosks are taking away some of the best careers out there. Mass will always have tolls but probably not many other careers out there. |
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Boston ITer
Guest
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| Posted: Sat Jul 21, 2007 11:49 pm GMT Post subject: |
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| Quote: | | Looks like EasyPass and the Charlie kiosks are taking away some of the best careers out there. |
After every boom/bust cycle, esp one with a huge credit bubble in tech or RE, govt work usually comes back in vogue. Unfortunately, since property taxes formed a bulk of the local govts' budgets, I don't think they'll save the next crop from a major slide into underemployment. |
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