Attention mayors, governors, and economic development gurus: Your plans to lure young college graduates to your cities with downtown lofts and local start-ups are not working. Instead, millennials are opting to move from their college towns to a much smaller cluster of cities than they did 30 years ago — places such as Boulder, Colo., Washington D.C; Cambridge, Mass.; or San Jose, Calif.
In 1970, 20 metro areas around the country claimed 24.6 percent of people with bachelor’s degrees who chose to live in cities, says Alan Berube, a senior fellow at the Brookings Institution. By 2010, that share had jumped to 43.4 percent.
This means that almost half of college graduates in the nation’s biggest cities are clustered in just 20 places. That’s a huge concentration of the well-educated workforce: people who companies want to hire, who tend to outearn those with high-school degrees, and whose earning can significantly add to a city’s tax base.
Share of the population with a bachelor’s degree or higher and change in share between 1980 and 2010 by metro area population
Roll over a circle or choose a city from the drop-down menu for more information.
Why should we care about this trend in where urban-loving college grads prefer to live? Well, this and other economic data show that the country is increasingly divided, not just economically between the rich and the poor but also geographically along economic lines.
The ”gilded cities,” such as New York and Cambridge, have bright futures because they’re attracting the country’s most educated workforce. (The most popular cities for college grads tend to either be considered tech hubs or are home to robust universities.) Meanwhile, place such as like Phoenix or Oklahoma City may eventually fall further behind. It’s literally a tale of two cities — and the different directions they’re headed in — as the best-educated urban dwellers in the U.S. pick their handful of spots to call home.
What We're Following See More »
The Commission on Presidential Debates put out a statement today that gives credence to Donald Trump's claims that he had a bad microphone on Monday night. "Regarding the first debate, there were issues regarding Donald Trump's audio that affected the sound level in the debate hall," read the statement in its entirety.
"A video of Donald Trump testifying under oath about his provocative rhetoric about Mexicans and other Latinos is set to go public" as soon as today. "Trump gave the testimony in June at a law office in Washington in connection with one of two lawsuits he filed last year after prominent chefs reacted to the controversy over his remarks by pulling out of plans to open restaurants at his new D.C. hotel. D.C. Superior Court Judge Brian Holeman said in an order issued Thursday evening that fears the testimony might show up in campaign commercials were no basis to keep the public from seeing the video."
No matter that his recall of foreign leaders leaves something to be desired, Gary Johnson is the choice of the Chicago Tribune's editorial board. The editors argue that Donald Trump couldn't do the job of president, while hitting Hillary Clinton for "her intent to greatly increase federal spending and taxation, and serious questions about honesty and trust." Which leaves them with Johnson. "Every American who casts a vote for him is standing for principles," they write, "and can be proud of that vote. Yes, proud of a candidate in 2016."
Speaking at the funeral of former Israeli Prime Minister Shimon Peres, President Obama "compared Peres to 'other giants of the 20th century' such as Nelson Mandela and Queen Elizabeth who 'find no need to posture or traffic in what's popular in the moment.'" Among the 6,000 mourners at the service was Palestinian President Mahmoud Abbas. Obama called Abbas's presence a sign of the "unfinished business of peace" in the region.