Chicago Leads Nation: 25-34 Year Olds January 12, 2008
Posted by Steve in : The City, Chicago, Urban Church, Chicago Fact, The Cultural Conversation, The Arts in the City , add a commentAs we have always said at Park Community Church, Chicago is a magnet for bright talented college graduates to come to a global city and begin their careers. This was affirmed this week in an article by Crains Chicago Business who reported that Chicago leads the nation in the concentration of 25-34 year olds within three miles of the city center.
Crains reports:
Human capital — a buzzword among economists — simply means people. Think of it as raw material made up of bankers, traders, consultants, advertisers, engineers, artists and others who, through brainpower and creativity, turn ideas into money. “The comparative advantage of cities is determined by how smart, how trained, how innovative, how entrepreneurial the people are in that city,” says Edward Glaeser, a Harvard urban economist who advised the Chicago Council on Global Affairs’ study group.
Chicago’s human capital is strong. Among U.S. cities, Chicago ranks first in the concentration of young people (ages 25 to 34) living within three miles of downtown. It’s second only to New York in the number of those with college degrees. Its universities are world class. The University of Chicago has been home to 20 Nobel Prize laureates, while both the U of C’s Graduate School of Business and Northwestern University’s Kellogg School of Management rank among the world’s best business schools. Chicago also has the quality of life that keeps people here — vibrant art and music scenes, restaurants, museums, parks and recreational facilities.
Read the whole article here.
