Joel Kotkin offers his perspective on the "New Geography of Wealth" -- where smart people are now concentrated.
"Traditionally, human intelligence tends to cluster in places where industry and commerce draw them... As developers and investors continue to search for the next high-tech "hot spots", perhaps they need to look first at what the most recent census data is saying about where "smart" people--those with college and advanced degrees--are now concentrated. This data may reveal more about the location of high-income commercial centers and residential neighborhoods, both today and tomorrow, than any other conventional data... Where does all this lead in terms of the future? Investors looking for new intelligence-driven "hot spots" might do well to look at several regions that have attracted younger, generally more educated people over the 1990s."
Thanks to Reis Cast Newsletter
FULL STORY: The New Geography of Wealth
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