Monday, June 4, 2012
The New York Times investigates the lumpy distribution of college graduates in the nation's cities:
Dayton sits on one side of a growing divide among American cities, in which a small number of metro areas vacuum up a large number of college graduates, and the rest struggle to keep those they have. [...]
“This is one of the most important developments in the recent economic history of this country,” said Enrico Moretti, an economist at the University of California, Berkeley, who recently published a book on the topic, “The New Geography of Jobs.” The recession amplified the trend. Metro areas where more than one in three adults were college-educated had an average unemployment rate of 7.5 percent earlier this year, compared with 10.5 percent for cities where less than one in six adults had a college degree, according to Edward Glaeser, an economist at Harvard and the author of “Triumph of the City.