Concentration of educated workers has allowed American
college towns to flourish in the era of the knowledge economy:
There’s an Antidote
to America’s Long Economic Malaise: College Towns – WSJ
http://www.wsj.com/articles/theres-an-antidote-to-americas-long-economic-malaise-college-towns-1481558522
“Universities boost more than just highly educated people, says Enrico Moretti, an economics professor at the University of California at Berkeley. The incomes of high-school dropouts in college towns increase by a bigger percentage than those of college graduates over time because demand rises sharply for restaurant workers, construction crews and other less-skilled jobs, he says.
Tapping the resources of nearby colleges and universities helps communities cope with economic turmoil. The U.S. has about 4,700 two- and four-year colleges, giving almost everywhere a potential anchor for economic development.”
“Universities boost more than just highly educated people, says Enrico Moretti, an economics professor at the University of California at Berkeley. The incomes of high-school dropouts in college towns increase by a bigger percentage than those of college graduates over time because demand rises sharply for restaurant workers, construction crews and other less-skilled jobs, he says.
Tapping the resources of nearby colleges and universities helps communities cope with economic turmoil. The U.S. has about 4,700 two- and four-year colleges, giving almost everywhere a potential anchor for economic development.”