Cities with higher levels of education have fared better in the Great Recession, but how can that be better quantified into the types of work? New research from the Martin Prosperity Institute breaks down the economic gains further by classifying the skills of the workforce more closely into actual skill sets. The different human capital distinctions fall into physical skills for manufacturing, analytical or cognitive skills, and social intelligence skills such as the ability to lead teams. With these parameters in mind, the research took a look at the effects of skills on regional wages.
Employment in city regions is shifting away from physical skills and towards analytical and social intelligence skills. Regions that successfully increase their share of jobs relying on analytical and social intelligence skills are more likely to prosper than regions that rely on the physical skillset associated with manufacturing.
Read this feature by Richard Florida in The Atlantic
