Why Now is the Time to Remake Economic Development
Tuesday, May 03, 2016
From Next City. While 95 of the 100 largest U.S. metro areas experienced aggregate job and output growth since 2009, smaller numbers have seen improvements in living standards, earnings and employment, particularly for workers of color. In terms of job quality, more than 40 percent of all metropolitan areas have lost jobs in advanced industries, and, nationally growth in low-wage jobs has far surpassed growth in middle-skill and higher-wage occupations. While income inequality is widening across the United States, the divide is even greater between racial and ethnic groups and among the 50 largest cities. Further, the number of people living in neighborhoods of concentrated poverty, as well as the total number of such neighborhoods, has increased dramatically in cities and suburbs. Click here for full article.
Category: Economic Development