Where the Brains Are Going
By Richard Florida
Source: The Atlantic
Cities and regions across America and the world have made significant efforts to attract and retain young college graduates over the past decade or so. This has been driven by growing awareness that the ability to attract human capital, as well the ability to attract companies, plays a key role in economic competitiveness. And since young adults are the most mobile members of the population — people n their mid-20s are three to five times more likely to move than middle aged folks — the ability to attract them early in life can pay big, lasting dividends.
A new study by Brookings demographer William Frey examines trends in the migration decisions of young adults and college grads (as separate groups) over the years 2007-2009. His findings are especially interesting and relevant, since they cover the period since the onset of the economic crisis and reset.
Full text of William Frey’s Brookings report, Migration Declines Further: Stalling Brain Gains and Ambitions