Richard Florida analyzes the work of demographer William Frey:
It's abundantly clear that the economic crisis and Great Reset have caused mobility, which has long been a hallmark of the American economy, to stall, making it harder for both individual workers and local economies to adjust to new economic conditions. This has affected all types of Americans, including young, college-educated ones. And, according to Frey's research, it is shaping a noticeable and significant shift in the landscape of migration and talent flows.
It appears to have stymied or at least slowed the long-running flow of people, including younger people and college grads into the Sunbelt, tilted the playing field of talent attraction toward larger cities and metros, and reinforced the position of tech centers and quality-of-place destinations like Austin, Raleigh-Durham, Seattle, the Bay Area, Denver and Portland, among others. But one of the subtler and perhaps more important trends brought on by the Great Reset is the improved and improving performance of older Rustbelt metros from Pittsburgh, Cleveland, and Buffalo to Milwaukee and St. Louis, which appear to have turned the tide in terms of their ability to attract and retain young adults and college grads.
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