ADADThe result is a growing concentration of high-paying jobs that accelerates wage growth and, by extension, socioeconomic disparities. The gulf between the top and bottom is starkest in wealthy coastal regions, which also command the highest numbers of tech workers. A third of innovation jobs are concentrated in just 16 counties, the report found, and half are compressed in 41 counties. The machinations of the tech industry stand in stark contrast to manufacturing, where companies had to keep costs low to compete. For much of the past century, lower-income states and metro areas saw faster wage gains and bigger growth than higher-income ones.

Source: Washington Post December 09, 2019 17:37 UTC