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Economy

These Cities are Becoming Echo Chambers

Source: https://www.reveliolabs.com/blog/fk4gyozevwdh2my80cjc86ns6ix2vj

By constructing an occupational diversity index for each job, which is scored between 0 (perfect uniformity) and 1 (all jobs in one occupation), we can see how workforce concentration is changing. Check out the results below:

Over the last 10 years, the share of engineers in Seattle’s workforce has grown from 28% to 39%:

Takeaways:

  • San Jose and Seattle have increased their concentration in software engineering the most, which puts them at the greatest risk of sectoral shocks.
  • A high degree of occupational concentration can lead to group-think and echo chambers, which limit innovation by inhibiting contrarian views.
  • The homogeneous cities of yesterday are not the homogeneous cities of today. Cities like Detroit and Houston, which have invested in diversifying their workforce, have made significant strides toward attracting new types of businesses and workers.

To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us