Economy
Why Eds and Meds Alone Can't Revitalize Cities
Beyond any impending bubble in education and health care spending, these two sectors are not a source of economic development in the first place.
Are "eds and meds" — the massive education and medical complexes that many cities and regions have vested so much of their hopes (and dollars) in as key levers for future economic development — a bust? That’s what Aaron Renn, who blogs as The Urbanophile, argues at New Geography:
Chart by Derek Thompson