If today's Post-Gazette article about life in Charlotte, NC, is accurate, I am glad Pittsburgh lost the race to be America's second largest banking center. Do all the guys really wear flat-front pants and drink Raspberry Oscar (?) martinis? God, that sounds grim.
I understand that it is difficult to write about a "place" without resorting to stereotypes and cliches. But I wonder about how to take this kind of story. Think about where you grew up. And think about whether or not a quick article could accurately represent that place. Was Pittsburgh ever really the place depicted in popular media? For better or worse, such things have staying power. Pittsburgh is still trying to replace its old image with a new one.
At any rate, Charlotte appears to be every bit the "industry town" I asked about here. Only their Andrew Mellon [Update: I mean Carnegie, although Andrew Mellon was interesting, too] is named Hugh McColl. There are even portraits of him hanging in bars. Visual Arts centers named after him. Perhaps they should change the name of their football team to "The Bankers" to complete the parallel to "Steel City."
But here is a larger question about comparing Charlotte to Pittsburgh and how the former beat out the latter to become "number two" in banking. Go back to the graph in the original article in this series: It turns out quite a few cities beat out Pittsburgh. To become number three in banking. To become number four in banking. To become number five in banking. See, Pittsburgh is actually number 10.
So what do we learn by examining the way Charlotte rose to number two? Does it indicate what Pittsburgh should have done? Did numbers 3 through 9 do all those things, too? Or did each city take a different approach? Is there any reason to think that Charlotte's would have been most appropriate here? And again, is there any reason to regret that Pittsburgh isn't currently teeming with flat-front-wearing, Raspberry-Oscar-drinking wunderkinds? Is there any reason to be happy about that?
It will be interesting to see if the PG series takes a look at that downside. That is, what about the people in the city who don't "go for the Osso Buco Milanese -- a favorite veal dish -- at Luce Ristorante, a bank-owned space outfitted with gold chandeliers, Italian marble and hand-painted frescoes"?
Pittsburgh is dealing with a constantly shrinking population. But are there any problems associated with this?
As the banks expanded with aggressive acquisitions of rivals around the country, the Charlotte metro area added 300,000 people in the 1990s and another 264,000 in the six years since.
Household income is up 63 percent since 1990, to $59,267, as the total number of well-paying finance-related jobs in the region doubled to about 60,000, a figure that includes mortgage banks, venture capital firms, accounting and insurance (across the country such jobs increased about 20 percent during that time).
To what extent did the rise in income accrue to families already living there? To what extent did all the money go to new people in new industries? Perhaps there are some lessons to be learned as Pittsburgh continues to expand its presence in health and education. Because if all the money goes to the new people and the cost of housing skyrockets, is there any reason for old timers to even try to bring in new industries? In fact, wouldn't there be reason to resist change? Or is there a way to spread the wealth?
And those martinis. Please, God, whatever happens with the Fifth-Forbes corridor and light rail and the rest of it, don't let Pittsburgh become known for its thirst for berry-flavored martinis. A more respectable cocktail like a Manhattan would be fine. Or something interesting like a Harvey Wallbanger. But a berry martini as the signature drink of Western Pennsylvania would signal the apocalypse. Or at least it should.
Update: I have done some research, and it turns out that things are far more dire in Charlotte than I ever imagined. Turns out a Raspberry Oscar martini contains "Godiva White, raspberry juice and cranberry juice."
I guess I am about to reveal my sexist, paternalistic leanings, but here goes: A Raspberry Oscar martini, as described, is a fine drink for a young lady. But no man--whether he is wearing flat-front pants and an open collar shirt or not--should ever drink one. Unless he is sufficiently cool to be able to pull it off as ironic.
I don't know anyone that cool.