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Wow, Durham ranks higher in this measure than New York City. You're right, undoubtedly, the health care centers plus RTP does it. And if that's so this trend will likely continue...
Note that this is a GDP-equivalent -- not personal wealth.
But, it does speak to the phenomenal economic engine that is RTP, Duke and UNC. It also helps that the denominator of that calculation (per capita) is smaller -- 512k for the Durham-Chapel Hill MSA, vs. 1.1m for Wake Co.
And, it doesn't factor in where residents live -- we still have the phenomenon of Wake-to-Durham commutes in a big way.
Who at a business magazine would entitle a stat on per capita PRODUCTION as equating to being RICH?
Well, in fairness, they talk about them being "rich cities" or "high-output cities," which is correct. I have cringed more at seeing people butcher the stat in 140 characters on Twitter or an attempt at a bon mot on Facebook.
Note that this is a GDP-equivalent -- not personal wealth.
But, it does speak to the phenomenal economic engine that is RTP, Duke and UNC. It also helps that the denominator of that calculation (per capita) is smaller -- 512k for the Durham-Chapel Hill MSA, vs. 1.1m for Wake Co.
And, it doesn't factor in where residents live -- we still have the phenomenon of Wake-to-Durham commutes in a big way.
tru dat!
All one has to do is watch the 40 rush hour to know that's the case.
The Durham/Chapel Hill MSA oversupplies high income jobs relative to its size.
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