Are College Graduates Worth It?

Valk comments on a recent article in the Milwaukee Journal Sentinel bemoaning the stream of educated young folks that leave the city. As Valk notes, local talent is not necessarily as valuably as new talent:

"Indeed, it may not be graduates that you want, necessarily, but migrants. Migrants are especially entrepreneurial, and the further they've come to get to your city, the better."

Valk also notes a tinge of classism in the courting of college grads. "I think the phrase 'attracting talent' has come to imply 'attracting yuppies, or yupsters.'" he writes.