Here's a big shock to economic planners and city job recruiters. Moving a business to your city won't necesssarily mean relocating the company jobs to your town. According to a NY Times story, more CEO's are moving (or back) to New York City than in decades. "The trend is a turnabout from the urban exodus..." writes Patrick McGeehan.
Corporate offices in New York City grew to 602 last year from 274 in 1990. But while the head office is moving to New York, the average number of jobs in those head offices declined to 78 from 127. All the other employees are staying in cheaper locations. The NIneShift lesson for today folks: business relocation in this century does not mean job relocation. Just like the CEO is moving to his/her favorite city today, more knowledge workers will relocate wherever they please. Disconnecting the job from the business location-wise.
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