Population Growth Doesn't Ensure A City's Properity
"For as long as anyone remembers, Americans have made rising population a proxy for prosperity. We take it for granted -- the more people flood into a city, region or state, the more successful the place is.But is "grow or die" still smart gospel? No -- the world changed in the 1990s. Many Sunbelt cities spurted in population but languished in income growth. And, rather amazingly, cities with more rain and colder weather enjoyed more growth in residents' income...a sunny clime and raw numbers of new people aren't the magic formula that economic boosters and the media have almost invariably assumed."
Thanks to Abhijeet Chavan