McKinsey published an interesting report on The Future of Work in America. On more than 100 pages, the report looks into the development of the workplace in the US on a county and city level. They looked at more than 3,000 counties and 315 cities in the US and split them into different categories depending on their economic performance, demographics and other factors. It is fascinating and worth reading for its elaborate detail. Take a look at the chart below. It shows the cities in the US and their different economic fortunes. High growth cities, mostly in the coastal regions and in big university towns have seen high GDP growth, have lots of high-paying jobs and young workers. Rural cities and counties, on the other hand, have been lagging dramatically in terms of economic growth. But they also tend to have a somewhat older and less educated demographic, which can partly explain the lower economic growth and the lower income earned in these areas.
Share this post
An exercise in first-level thinking
Share this post
McKinsey published an interesting report on The Future of Work in America. On more than 100 pages, the report looks into the development of the workplace in the US on a county and city level. They looked at more than 3,000 counties and 315 cities in the US and split them into different categories depending on their economic performance, demographics and other factors. It is fascinating and worth reading for its elaborate detail. Take a look at the chart below. It shows the cities in the US and their different economic fortunes. High growth cities, mostly in the coastal regions and in big university towns have seen high GDP growth, have lots of high-paying jobs and young workers. Rural cities and counties, on the other hand, have been lagging dramatically in terms of economic growth. But they also tend to have a somewhat older and less educated demographic, which can partly explain the lower economic growth and the lower income earned in these areas.