Theme: Convergence of Innovation Economy.
Subject Article: "Companies Say Goodbye to the 'Burbs: Young Talent Wants to Live in Chicago, Not Libertyville; Dilemma for Older Workers."
Other Links: 1. "Move to Dubuque, Not San Francisco."
2. Comment from Dave at Burgh Diaspora.
3. "Mapping Silicon Valley’s Gentrification Problem Through Corporate Shuttle Routes."
Postscript: The resonating read for today's post, "Tales from an overworked City":
Competition among interns is incredibly tough, says one undergraduate who has completed a stint at a boutique bank. “Only a certain amount of interns get through. You will try to be the first one in and the last one out.” Interns, he says, will break the rules. “You want to impress.”
Moreover, an increasing number of international students is adding to the pressure: “Once they’ve got the internship they want a job in the City to get their foot in the door in London so they can get their visas. We’re competing against students from America, China and India. It’s very, very competitive.”
Pay sky-high rent to locate in London in order to "hire" the best and brightest for a pittance. The driving logic behind the economic geography of innovation is the cost of talent.