America’s Fastest Growing Cities Are Becoming More Diverse, But Face Rising Inequity

As our economy becomes more segregated, cities will be no exception. In many cases, this segregation will be more severe in urban markets where rising real estate prices have outpaced wage growth. While it is difficult to say what the economy of the future will look like, there are indicators that will become more prominent and pervasive by 2020. The hollowing out of mid-skill and mid-wage employment will continue, albeit variated across geographic regions. While some urban centers will attract younger populations of high-earners, others will attract older populations, often supported by a low- and mid-wage service industry. Follow this link to read more. Sourced from: Cities Speak