Majority of the innovative technical jobs are located in the five metro areas in the US

Majority of the innovative technical jobs are located in the five metro areas in the US

The concentration of Technical jobs and corresponding economic prosperity is in fewer areas in the US. According to a new report from Brooklyn Institution, 90% of the growth in innovation sector jobs are in the metro areas. Boston, San Francisco, San Jose, Seattle, and San Diego are the five metro areas with more technical jobs since 2005. Moreover, Innovation sector jobs have opportunities in domains such as Science, Engineering, and Math industries. These jobs in metro areas include expensive research and development spending. Meanwhile, 343 metro areas lost many job shares during the same period. The concentration of wealth and productivity is increasing in coastal cities in the US. Nation’s one-third innovation jobs are in just 16 counties, and half reside in 41 counties.

These innovative jobs are high-paying and contributing to the overall growth of the areas. Hence, the growth of the cities with less number of creative posts is slower. Moreover, the highly innovative job areas created opportunities for more jobs like serving the workers in innovative jobs. The metro areas draw educated people and funding from other places. According to the reports, these places enjoy the benefits of what economists call cumulative causation. Through cumulative causation, their earlier knowledge and substantial advantages now attract even more talented workers, start-ups, and investment. This creates a gravitational pull towards the nation’s critical innovation sectors while simultaneously draining key talent and business activity from other places.

However, innovation cities have some drawbacks too. The traffic in those cities is worsening day by day. Housing prices are reaching higher values. Some of the jobs should relocate to cheaper areas. However, a company’s job does not necessarily stay within the city after they move. This big difference in job opportunities in innovation cities and other cities is not because of the small inland cities; it is because those cities do not have tech inspiration. They are not trying to grow or innovate. Tech companies must have a significant number of workers, and tech companies should support each other to grow.