From the Good Ideas file: the unintended consequences of Eds and Meds

Could ‘eds and meds’ be a liability for some cities? Via @AtlanticCities:  http://t.co/CUvb10i2Od 

For me, this was the particularly interesting part — chalk it up to the risks of unintended consequences and counting on magic bullets to solve everthing for us:

Eds and meds employment levels were uniformly negatively associated with nearly every single important measure of regional economic performance: income, economic output per capita, and high tech industry concentration. (The correlations were not huge—in the range of 0.2—but they were statistically significant). This stands in substantial contrast to other highly educated, highly skilled occupational sectors like science and technology, business and management, and even arts, culture, and entertainment, which are all more concentrated and clustered geographically and much more closely associated with regional economic performance.

 

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