Does Less Moving Mean Less Money?

Wednesday, April 20, 2011

Population growth is highest in areas that have one of two things going for them: sunshine and people with college degrees. That’s according to a study co-authored by Harvard economics professor Edward L. Glaeser. Finance and Wall Street reporter for The New York Times Louise Story has been thinking about how the state of our economy may change American migration patterns. If people can’t move because they can’t sell their houses, and migration creates economic growth, what happens? 


Louise Story

Produced by:

Andrea Swalec

Comments [3]


Maybe the local governance makes the difference in migration. Could it be conservative red states like Texas offer more opportunities and less taxes than insolvent and high tax blue states like New York and California? That important point is curiously left out of the conversation for some reason; not to mention the electoral votes Texas is gaining and California is losing.

Apr. 20 2011 09:00 AM
Steve Adams from Minneapolis/St. Paul

I lost my job with a household moving company in 2007 due to the dropoff in real estate sales and corporate relocation. Thankfully, I live in a metropolitan area with a fairly resilient economy and was able to replace some of my former income but I can't imagine what it would be like to live in an area where my skills are no longer needed. If you can't move to where the jobs are, you are trapped.

Apr. 20 2011 08:46 AM
Peg from Water Wonderland NY

Interesting - all the brain power moves South - where there's not enough water for the population that's there now. Hope all the brain power can solve that problem!

Apr. 20 2011 08:40 AM

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