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Wage Growth in US Cities

Future Cities
Friday, November 23, 2012 12:00 EST

9 comments
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wbalthrop
wbalthrop  
12/15/2012 2:04:01 AM
User Rank Urban Legend
Re: Huh, interesting
My guess Nicole, would be the increase in Natural Gas extraction; fracking. And the high price for oil means they have a lot of money to expand operations.

wbalthrop
wbalthrop  
12/15/2012 2:00:27 AM
User Rank Urban Legend
Real Income
Are these number adjusted for inflation. While it's good to see them going up, inflation over that same period was 16.62% according to the BLS.

Mary Jander
Mary Jander  
11/29/2012 5:50:37 PM
User Rank Staff
Re: Huh, interesting
Yes, I think it's going to surprise many of us to see cities other than Washington, NYC, etc., becoming "go to" centers for science, government, the arts, etc. The balance of power(s) is shifting.

SylvieBarak
SylvieBarak  
11/29/2012 5:21:07 PM
User Rank Blogger
Re: Huh, interesting
indeed, and Dallas just became home to the newest US Patent Office....

From Mayor of Dallas' Facebook Status yesterday:

"I'm excited by today's announcement that the U.S. Patent and Trademark Office will make Downtown Dallas the home of their new regional satellite office. This office will be a catalyst for innovation, economic growth & job creation throughout North Texas.

Downtown Dallas will immediately become a hub for entrepreneurs, inventors and small businesses.

I'd like to thank Undersecretary David Kappos and his team for their cooperation during the site selection process. We look forward to working with the U.S. Commerce Department for years to come."

Mary Jander
Mary Jander  
11/29/2012 5:18:54 PM
User Rank Staff
Detroit....
It's great to see Detroit on this list. I am intrigued as to where the wages are coming from, why they are higher. There is a lot of focus on making this city a comeback story. Let's hope!

Mary Jander
Mary Jander  
11/29/2012 5:17:23 PM
User Rank Staff
Re: Huh, interesting
It's funny how various stereotypes about states get into the general consciousness elsewhere. Houston has the major US cancer center, it's the hub of the energy industry, and it offers a range of other opportunities. That ought to go a long way toward eliminating it's "brand" as a bunch of drawling cattle ranchers.

SylvieBarak
SylvieBarak  
11/27/2012 10:13:59 AM
User Rank Blogger
Re: Huh, interesting
Yep.... Oil and tech :)

My husband is a geophysicist who regularly has to go to Houston. All the big oil companies are based there, and they are getting increasingly competitive for talent. Not just run of the mill talent, but engineering and computer science talent, because finding and refining oil becomes more of a science as every year goes by. Also, big firms like Saudi Aramco are having to consider opening offices in places like Houston to stay in with the crowd. Since competition is so high, other companies have to up their salaries to try and compete.

 

Dallas is less of an oil town (ironically... as television would have us believe otherwise), but the city is putting a heck of a lot into tech initiatives, and trying to make itself into a technology hub. It has the highest standard of living for familes in the US, great schools, plenty of jobs to go around, and i believe it's cheaper for companies to set up shop there. There's also a cutting edge research hospital and amazing universities like SMU and UT. Yep.... Texas is not half as backwards as many people would have you believe!

Nicole Ferraro
Nicole Ferraro  
11/27/2012 9:40:10 AM
User Rank Staff
Huh, interesting
I'm intrigued that two cities in Texas saw the highest increases in wages. Anyone know what that's about?

Hazel
Hazel  
11/26/2012 1:09:16 AM
User Rank Urban Legend
Re: Wage Growth in US Cities
Things are looking up and I hope that lasts. Enough trouble all around, let's hope for a stronger economy to end the year!

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