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Percent of total population of 25+-year-olds who hold at least a bachelor’s degree
Washington DC: 42%
San Francisco: 38%
Boston:37%
Atlanta:31%
New York: 30%
Chicago: 29%
Dallas: 29%
Philadelphia:28%
Houston: 27%
Los Angeles:26%
Quote:
Originally Posted by TheRealAngelion
Exactly. This also disproves the point downtown1 is suggesting that LA has more degree holders because of its population size. Chicago is the third largest city and metro area in the U.S., far exceeding the size of the SF and DC metro areas and yet Chicago has fewer residents who are graduate degree holders.
Well, the data from the University of California already already proved
that LA is near bottom of the worst educated metros in US so I don't need more explanation.
Don't forget that LA is ranked fifth in the US in terms of total Fortune 500 headquarters and most big name corporations are not in LA.
Again, you failed to read this sentence when it talks about the private sector job growth in LA.
"The rise in low-wage jobs is likely to continue; half the occupations with the most projected new jobs pay low wages"
And failed again to acknowledge this. This is the 2007 report
" One of the chief causes of Los Angeles’ woes is an economy that produces too many low-wage jobs."
Indeed, L.A.'s status as one of the nation's capitals of economic deprivation remains unchanged,
with nearly 40 percent of the county's residents unable to meet their basic needs, close to one
third of full-time workers earning less than $25,000 a year and more than 20 percent of children
living in extreme poverty.
You are dead wrong on the educational attainment level of LA metro residents. That data clearly shows that LA is in the top three nationally in the number of BA degree and graduate degree holders. The numbers speak for themselves and they don't need explaining. Sorry.
Number of 25 plus year olds who hold a bachelor's degree
New York 3.8 million Los Angeles 2.2 million
Chicago 1.8 million
Wash., D.C. 1.5 million
US Metro Areas by Graduate Degrees, 2007 American Factfinder
New York 2,082,537
Washington DC 1,026,501 Los Angeles 1,016,776
San Francisco 775,535
Chicago 740,960
Boston 636,587
Philadelphia 465,673
Atlanta 381,390
Detroit 373,203
Dallas 356,438
Houston 316,430
Also, I did read the above quote. Is says "half the occupations with the most projected new jobs pay low wages." What about the other half? Remember, according to World Business Chicago, LA has had 134,400 new private sector jobs created between 2000-2006. Half that number would be 67,200. Also, the fact remains LA has had job growth. Chicago has had none. Zero. In six years! Only you would try to make an argument that job loss is a bonus.
LA is ranked 5th for Fortune 500 companies. Since when is being in the top five bad? Besides, what is your point?
Last edited by TheRealAngelion; 11-05-2007 at 12:55 PM..
Agreed. But if you read this report, you will find that a high percent of high-wage jobs have been replaced by low-paid jobs.
Key Points. Two of the three sectors that defined the Los Angeles economy just two decades ago have significantly declined: manufacturing and financial services.In 1982, Los Angeles County was a hub of manufacturing, entertainment and financial services. By 2000, only the entertainment industry remained an economic force. Moreover, manufacturing not only downsized, but shifted from aerospace, with its complement of highly paid workers, to apparel manufacturing, which had to compete with low-cost Asian and Latin American imports
The city’s diverse business base is severely constrained from participating in the knowledge-based industries that are the key to the region’s long-term prosperity."
I am not sure, but I think that some of these figures are due to immigrants, legal and illegal, recently migrating to Los Angeles. They do have a larger share of low-income immigrants than many other major metropolitan areas, and LA has a relatively high cost of living.
Still would like to see some growth in the high-wage job sectors though.
Am I the only person here who actually likes Los Angeles?
No. downtown1 likes LA the most. If you read his postings, most of them are devoted to LA and its economy. It borders on an obsession.
But who can blame him. If LA wasn't as important, powerful and influential as it is, it would not even be on anybody's radar. This high level of interest in the City of Angels is a form of flattery, to be honest.
That does not change the fact that.... in terms of the percent of population , LA is ranked near bottom. By saying LA has more BA degree holders than Seattle, its a better educated metro? Gee...I am sure Bill Gates won't let go on this one
Quote:
Originally Posted by TheRealAngelion
You are dead wrong on the educational attainment level of LA metro residents. That data clearly shows that LA is in the top three nationally in the number of BA degree and graduate degree holders. The numbers speak for themselves and they don't need explaining. Sorry.
No, its not bad. It just proved the point that LA is indeed a manufacturing based economy.
Quote:
LA is ranked 5th for Fortune 500 companies. Since when is being in the top five bad? Besides, what is your point?
I don't hate LA as much as I hate those who try to conflate LA's size with its significance
Quote:
Originally Posted by TheRealAngelion
No. downtown1 likes LA the most. If you read his postings, most of them are devoted to LA and its economy. It borders on an obsession.
But who can blame him. If LA wasn't as important, powerful and influential as it is, it would not even be on anybody's radar. This high level of interest in the City of Angels is a form of flattery, to be honest.
That does not change the fact that.... in terms of the percent of population , LA is ranked near bottom. By saying LA has more BA degree holders than Seattle, its a better educated metro? Gee...I am sure Bill Gates won't let go on this one
No, its not bad. It just proved the point that LA is indeed a manufacturing based economy.
LA is third in the nation for having the greatest number of educated people and that's a fact.
How does the number of corporate HQs determine the size of a metro's manufacturing base?
"In 1982, Los Angeles County was a hub of manufacturing, entertainment and financial services. By 2000, only the entertainment industry remained an economic force"
LA is third in the nation for having the greatest number of educated people and that's a fact.
How does the number of corporate HQs determine the size of a metro's manufacturing base?
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If you read his postings, most of them are devoted to LA and its economy. It borders on an obsession. 
