Monday, January 31, 2011

Rust Belt or...Prosperity Belt?

 
Something to brag about, Milwaukee posted the 6th highest personal income increase in the nation, going from a per capita of $40,028 (in 2009 adjusted dollars) to $41,696.  Keep in mind the ranking discusses the change not the actual income amount.

The list is fascinating in the cities that you would not typically expect-many are Rust Belt cities such as Milwaukee-are in the top ten! Baltimore led the way with a 9.7% increase (thanks, I'm sure, to its proximity to #3 Washington D.C.) although Pittsburgh at the number two spot is surprising. 

On the opposite end, we have poor San Jose at -18%, but don't weep for them-their per capita income is still substantially higher than Milwaukee's even after the loss.  Next two worst cities were Atlanta and Detroit, the city that just can't seem to catch a break, being the only Rust Belt city in the bottom ten.

Of course, the 2000s certainly were an unusual time. But it does suggest that the dogma about the geography of regional prosperity needs to be challenged and perhaps thoroughly revised.

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