The following is an excerpt from Mark Muro | September 18, 2016 | WSJ.com |
Mark Muro (@markmuro1) is a senior fellow at the Brookings Institution and the policy director of the Metropolitan Policy Program there.
The tech boom is commonly characterized as hyper-concentrated in a few hot spots, none hotter than the Bay Area. Consequently, tech is assumed to be divorced from “regular America,” notwithstanding claims about the “rise of the rest“ from former AOL chief and Revolution LLC founder Steve Case. However, a closer look at high-tech services and especially the computer-systems-design industry suggests that tech is actually larger and more broadly distributed across America than is typically thought.
In this regard, a new analysis I led of advanced industries growth in the U.S. finds that the trend in tech is not just concentration: tech is also spreading out into “flyover country”—and that’s a good thing.
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