Ideas can have just as much sex in the suburbs as in the city.
The financial crisis turned the world upside down.
Making your city walkable isn't enough to attract and retain talent. People follow jobs, not sidewalks.
The more parochial a place, the more ineffective the talent.
In general, people move from places of high unemployment to low unemployment. Also, relocation tends to be a short distance. As a rule, we are risk averse. We go where we know.
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.
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.
"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."
Measuring the development of patches of Earth seems ridiculous. But that's exactly what we do. How might things differ if we measured income per natural instead of income per resident?
Nearly a century ago, during the Great Migration, less-educated individuals were the ones who left home in search of better lives. The opposite is true today, with the educated more mobile than ever before, leaving some places in a spiral of decline.