Dispatches from the Frontier
Musings on Entrepreneurship and Innovation
Wednesday, May 26, 2004
The Rural American Job Creation Machine
Musings on Entrepreneurship and Innovation
Wednesday, May 26, 2004
The Rural American Job Creation Machine
Rich Karlgaard at Forbes presents evidence supporting his boonyack comeback thesis. I can't believe that I missed his May 10th column (registration required):
One-third of the American jobs created between 2001 and 2004 went to 16 million people. That's a tiny number in a country of nearly 300 million...So who are these lucky ones, this 5% of the total population behind 33% of the new jobs?...Correct answer: the residents of 397 rural U.S. counties averaging 40,000 in population.
Karlgaard goes on to write about Jack Schultz, an economic development consultant and author of Boomtown USA. "Americans, he says, are moving to small towns for quality-of-life issues. These are educated and entrepreneurial people...and they are reinvigorating America's boondocks."