Is Salt Lake City's reputation for above-average upward mobility in danger?
Jeffrey D. Allred, Deseret News
As part of an ongoing series on “The Next Economy,” the National Journal recently explored Salt Lake City’s reputation as an economic environment with above-average upward mobility.
According to a 2013 study by economists from both Harvard and the University of California (Berkeley), “Salt Lake City shared the admirable distinction (of above average upward mobility) with major coastal cities such as San Diego, San Francisco, Seattle, Washington, D.C., New York and Boston,” National Journal’s Nancy Cook wrote.
But the study that Cook cites was conducted based on factors informed largely by the city's culture and economy of the 1980s and 1990s. A lot has changed since then, Cook points out. The challenge will be how a city such as Salt Lake, with its largely culturally homogenous past, can economically adapt to a rapid increase of diversity.
- 50 highest paying jobs in Utah
- Utahns losing thousands of dollars to phony...
- Why we don't need to worry that Utah cities...
- How to get the best deals this fall
- Low unemployment rates contribute to dropping...
- Dave Ramsey says: Everyone needs a financial...
- Want that new gadget? Here are some ways to...
- How to be a billionaire
- 7 reasons why millennials are... 12
- Marijuana could deliver more than $800... 9
- Low unemployment rates contribute to... 7
- 4 things you don't want your boss to know 6
- How to be a billionaire 4
- Work is sometimes the best medicine 3
- Something that may have caused the... 3
- Why we don't need to worry that Utah... 3