Lunchtime Must-Read: Derek Thompson: The Richest Cities for Young People: 1980 vs. Today

…San Jose, San Francisco, Washington, D.C., Boston, New York, Baltimore, Seattle, Minneapolis, Philadelphia, and Chicago…. Forecast what this list would look like in 20 years, [you] would offer something very much like this…. The agglomeration of talent on the coasts will continue to attract…. But… history has a way of intervening with such crudely extrapolated trends. Five of the ten richest cities from 33 years ago have seen median wages for young people fall by at least 15 percent. The turnover rate of the list is 50 percent…. Extrapolating the present forward isn’t the same thing as knowing the future.