Where will the next decade's jobs grow? You'd be smart to bet on large metro areas with fewer working class folks, lots of schools, and lots of bachelor holders. As the graph above suggests, you can find a lot of these cities along the eastern seaboard, especially in the DC-Boston corridor.
That analysis comes from the Atlantic's correspondent Richard Florida, and certainly I subscribe to his belief that the future of America lives in the megatropolis rather than in the eternal exurbanization of the American family. But digging through some of his projections, I came away with another take on the American economy. We're becoming a health care nation.
You're first reaction to that statement might be: aren't we a health care nation already? We spend 16 percent of our economy of medical care. The health and education sector added more than 5.2 million jobs in the last decade, a period where the private sector grew by barely a million. The metro areas that have weathered the downturn most successfully -- under-the-radar cities like San Antonio, Albany, Harrisburg, and Poughkeepsie -- have seen resilient growth and employment numbers in part because they've leaned on health as a major pillar of their local economy.