Looking At Economic Growth In A New Way

January 28, 2016

When looking at the economic growth of a given area, gross metropolitan product, jobs, and wages are typically the categories that are examined. But cities are complex organisms, and some believe this is a far too simple way of measuring their growth.

According to CityLab, a new report released by the Brookings Metropolitan Policy Program details and ranks the 100 largest metropolitan areas by growth, but goes beyond just the ordinary metrics. The report also analyzes how a metro’s growth translates to individual prosperity based on average annual wages and average standard of living.

In addition, the report also looks at if the growth and prosperity includes all people, across income and race brackets. The results? The vast majority of metros grew, but not evenly.

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