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December 10, 2019 01:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ejEkJxIMSOA/five-cities-account-for-vast-majority-of-growth-in-tech-jobs-study-finds
Five Cities Account For Vast Majority of Growth In Tech Jobs, Study Finds
An anonymous reader quotes a report from The Wall Street Journal: Just five metropolitan areas -- Boston; San Diego; San Francisco; Seattle; and San Jose, Calif. -- accounted for 90% of all U.S. high-tech job growth between 2005 to 2017 (Warning: source paywalled; alternative source), according to the research (PDF) by think-tank scholars Mark Muro and Jacob Whiton of the Brookings Institution and Rob Atkinson of the Information Technology and Innovation Foundation. The nation's 377 other metro areas accounted for 10% of the 256,063 jobs created during that period in 13 high-tech industries such as software publishing, pharmaceutical manufacturing and semiconductor production. Among the smaller cities that gained tech jobs were Madison, Wis.; Albany, N.Y.; Provo, Utah; and Pittsburgh. Some prominent cities -- including New York and Austin -- lagged in tech job creation, according to the study. The result is increased concentration of high-tech resources in just a few places and a strengthening of economic forces that are dividing the nation. Tech industries find they are most productive when they have resources clustered in few places. Such clustering -- which economists call "agglomeration" -- allows for the fast spread of new ideas and a concentrated talent pool from which businesses recruit. The forces of agglomeration, economists say, run counter to the idea that technology might allow people to work from anywhere, even in remote places. The trend is creating problems for the cities that have these concentrations of workers and for those places that don't. High-tech cities like San Francisco and Boston are becoming increasingly unaffordable as home prices soar, while cities outside of these high-tech hubs are missing out on the dynamism that technology creates.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ejEkJxIMSOA/five-cities-account-for-vast-majority-of-growth-in-tech-jobs-study-finds
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