Richard Florida calls Washington a “boom town of the new economy”
By Jonathan O’Connell
Washington Post
Oct. 17, 2013
"In the October issue of the Atlantic, author Richard Florida argues that the recession created a series of winning and losing cities and regions in America and that the Washington area is one of the biggest winners.
Florida, author of “The Rise of the Creative Class,” suggests that because of its wealth, education and growing technology sector, Washington’s economy could overtake Chicago and Los Angeles on some measures.
That brings us to Washington, D.C. As the urbanist Aaron Renn wrote recently, Washington is well on its way to becoming America’s “second city,” on track to displace Chicago and Los Angeles “in terms of economic power and national importance.” Greater Washington has had among the nation’s lowest rates of unemployment, the most-stable housing prices, and high overall job growth since the crash. A whopping 59 percent of all new jobs created there since 2009 have been high-wage jobs, second only to San Jose. The Washington metro area includes six of the 10 most affluent counties in the nation..."
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