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Article - As U.S. 'superstar' cities thrive, weaker ones get left behind

JNA

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a Reuters analysis of federal data shows just how unevenly the spoils of growth have been divided.

In a ranking of 378 metropolitan areas by how their share of national employment changed from 2010 to 2017, 40% of the new jobs generated during that time went to the top 20 places, along with a similar share of the additional wages.

Those cities represent only about a quarter of the country’s population and are concentrated in the fast-growing southern and coastal states.
None were in the northeast, and only two were in the “rust belt” interior - Grand Rapids, Michigan, and a rebounding Detroit.

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Everyone loses when cities compete to draw in members of the “creative class.”


the way to grow a “middling city” into a “superstar city” is to convince both large companies to set up shop there, as well as lure in plucky entrepreneurs who can grow their budding businesses into flowers of innovation.
 
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Luca

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Perhaps this trend towards superstar cities putting the rest in the shade is a parallel to the comparable dynamic among corporations, with a few very successful ones garnering a large % of overall profits and the rest barely surviving on a diet of cost-cutting and ultra-loose monetary policy.
 
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