Making your city walkable isn't enough to attract and retain talent. People follow jobs, not sidewalks.
The demand for labor explains a lot of migration patterns. Where the uneducated once moved to staff large industrial centers, now those with the means and a college education flock to feed the Innovation Economy that is rising from their ashes.
Make your money in New York City—and then hit the road.
"If they struggle for too long, they're leaving New York for Seattle, Chicago, Austin, and in some cases, even Tampa. We can't have our generation's Patti Smith moving to Tampa."
A city can be beautiful and offer plenty of amenities, but if it's too close to known failures, it's going to have a difficult time attracting talent.
The Innovation Economy peaked with the last financial crisis. In the emerging epoch—the Talent Economy—the competition among companies like Google and Facebook for the same pool of ideas makers will reshape our cities.
The best and brightest have more options than ever before. Now, companies need to go where the talent is located.
The population is shrinking and German companies need talent, but the country has always had a strained relationship with immigrants.
"There’s a persistent rap that Madison simply lacks an entrepreneurial spirit, with many locals content with a laid-back life spent enjoying their neighborhoods, lakes, bike paths, and craft beers."