The Economic Engine of a Vibrant City

A few excerpts from an insightful New York Times Article by Claire Cain Miller

Where Young College Graduates Are Choosing to Live

"The population of young, educated people in Dallas, Charlotte and Raleigh is also growing more slowly than their populations as a whole."

"Even as Americans over all have become less likely to move, young, college-educated people continue to move at a high clip — about a million cross state lines each year, and these so-called young and the restless don’t tend to settle down until their mid-30s. Where they end up provides a map of the cities that have a chance to be the economic powerhouses of the future."

“They want something exciting, culturally fun, involving a lot of diversity — and their fathers’ suburban lifestyle doesn’t seem to be all that thrilling to many of them,” Mr. Glaeser said.

Cackalacky is a welcome new addition to Pittsboro

A second part of Claire's series of articles:

Where the Graduates Are Going, and Where They Already Are

Economists have debated whether jobs follow people or whether people follow jobs. Joe Cortright, who runs City Observatory, the think tank that published the report, said that companies are increasingly locating where large numbers of young, college-educated people live, because young people are pickier about location. One reason is that men and women are both likely to work, so couples seek a place they want to live and then find jobs, as opposed to wives following their husbands’ careers. Where they choose to live matters because a large young, educated work force is the economic engine of a vibrant city.

Link to the full articles for more info.