Richard Florida on the Geography of High-Paying Jobs:
"The geography of high-paying jobs is strikingly uniform. The highest-paying regions are bi-coastal - dominated by metros in the Bay Area and the Bos-Wash corridor. And the pattern holds not just for the highest-paying metros but for all U.S. metros. Pay levels for the three major occupational groups are closely correlated across the U.S. regions. Creative class pay is closely correlated with both service class pay (.86) and working class pay (.67); and service class and working class pay are also closely correlated (.74). This likely reflects regional differences in housing prices and other living costs as well as other structural characteristics of these regions such as human capital, demographic characteristics, and overall productivity. That said, it's important for policymakers as well as for analysts to take into account the systematic geographic differences in pay across U.S. regions. But the striking fact is that a small number of U.S. regions pay considerably more than others for virtually every type of work."
The Geography of High-Paying Jobs - Business - The Atlantic
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