1/31/2013

Highly skilled workers are clustering together in the U.S., but this seems to be having a negative effect on lower-skilled workers, writes Richard Florida of the University of Toronto. Lower-skilled workers in large metropolitan areas tend to see a boost in wages, but this gain is erased by higher housing prices, he notes. "There is a rising tide of sorts, but it only lifts about the most advantaged third of the workforce, leaving the other 66 percent much further behind," Florida writes.

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