Chicago is getting richer, but that could be because poor people are leaving – Hinz – Crain’s
A Brookings Institution study concludes that while the metro area is growing more slowly than other large cities, we’re making progress on prosperity and sharing the wealth among those who remain. “The data suggest to me the region is losing relatively low-income jobs and population but gaining on the higher end of both. That’s consistent with a shift from manufacturing and lower-end positions to a so-called knowledge economy, and consistent with other recent reports that the city is losing lots of black residents but college graduate rates are rising quickly among those who remain.”