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Why Some Cities Get All the Good Jobs (chicagotribune.com)
New submitter Ericmesrr writes with a link to a Bloomberg story (as carried by the ChicagoTribune) about geographic trends in job creation in the U.S, from which he excerpts this quote from U.C Berkeley economist Enrico Moretti: "A handful of cities with the 'right' industries and a solid base of human capital keep attracting good employers and offering high wages, while those at the other extreme, cities with the 'wrong' industries and a limited human capital base, are stuck with dead-end jobs and low average wages. This divide I will call it the Great Divergence has its origins in the 1980s, when American cities started to be increasingly defined by their residents' levels of education. Cities with many college-educated workers started attracting even more, and cities with a less educated workforce started losing ground."
Well, int the 60s, everyone was going on about how the increased productivity automation brought us was going to have us all working 3-hour work days.
Productivity went up, the work week went up, the profits from increased productivity went into someone else's pockets.