Monday, July 11, 2016

Write if you get work

OK, recent grads--where are you going to live?

Michael Betz, Government Executive Magazine, July 10, 2016, says college students now look for different things in terms of location than did past generations.

In the 1990s, after controlling for city aspects such as population, income, and amenities, the proportion of college grads increased in cities that already had lots of grads. Viz: College towns like Boulder and Ann Arbor.

Better educated places tend to bring up salaries of all workers and offer more cultural amenities. This trend went on for several decades.

But now--a lot has changed. We have had two recessions. Interstate migration has declined. There also has been significant industry restructuring with the decline in manufacturing.

Post-2000, large cities (holding education levels constant) attracted the most grads.

Big cities tend to be more diversified and pose less risk of unemployment.

In a less diversified city like Des Moines, Betz wrote, which is heavily into the insurance industry, the increase in grads slowed.

These findings also have significance for cities. Better educated workers tend to start businesses and thus create jobs. They also have more civic involvement.

Cities have a role--they can enact policies such as investing in education and supporting local entrepreneurs to make the labor markets more stable.

Grads can help with that as well as do their research and find cities with this mindset.

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