Top city-planning thinker and economist, Richard Florida, has been preaching that cities prosper when they attract upscale innovators and entrepreneurs. He’s said that cities where the creative class wants to live, will, in turn, create jobs. And Florida finds that 1 in 3 Americans already belongs to the creative class.
Emerging tech hubs — called Next in Tech cities — are setting up shop in Provo, Utah; Nashville, New Orleans, Cleveland, Denver and Charleston, S.C. The undeniable lure of a lower-cost of living and talent pools fed by nearby universities play a significant role.
These up-and-coming tech hubs combined with new advances in technology are changing the face of our nation forever.
Below, find some top maps that explain the current state of our nation, the job market and how it’s changed over time.
Current Unemployment rates by state (aUGUST 2017)
Source: United States Department of Labor, Bureau of Labor Statistics
Most Common JOBS IN EACH STATE over time, 1984-2014:
Notice how secretaries made way for truck drivers, and then truck drivers have begun to make way for software developers. The last graphic shows the nation three years ago. Imagine what the next few years will look like with the emergence of self-driving cars. That future is a lot closer than most people realize.
Source: NPR, 2015
Top 35 US Cities for Tech Jobs
Source: USA Today, March 2017.
most funded tech startups in each state
Do you notice some tech giants making their way into this list? Duolingo, Uber, and LivingSocial are just a few of the up-and-coming tech companies who will employ a large percentage of Americans, and improve our economy.
PERCENTAGE OF WORKFORCE IN TECHNOLOGY
VENTURE CAPITAL INVESTMENTS by city
Source: Martin Prosperity Insitute, 2016 (Also, the
study was put out by one of my all-time favorite economists, Richard Florida)
The last graphic, while not a map, is critically important for everyone to understand. The wages of tech workers are 105% higher than the national average. Keep in mind that the median household income in 2016 was $53,130.
Source: U.S. Bureau of Labor Statistics, EMSI, and CompTIA; estimates for 2016
Yes – wages are growing, unemployment is decreasing, jobs are being created, and the stock market is higher than it’s ever been.
However, other metrics tell a different story, and that is that not everyone is benefiting from this economic growth.
Data on income equality, median household income as shown above, percentages of people living in poverty (12.7% in 2016 – mainly stagnant from 2007, pre-recession days), and lop-sided cities where the only people who can afford to live there work in tech tell a different story.
It’s time for us to educate our nation, develop new regulation, and build new and powerful job training programs – which is the sole purpose of this website – to truly make America great again.
Want to learn more? Here are some excellent resources on the topics covered above.
As usual, we welcome any questions or comments in the box below.