“We all know that growth brings prosperity. Except, apparently, when it doesn’t.”

### citiwire.net For Release Sunday, January 30, 2011
Oops! Fast City Growth May = Lower Incomes
By Mary Newsom / Jan 28 2011
Optimists prefer to look forward, not back. But especially during a month named for the two-headed Roman god Janus — a month when state legislatures are convening only to face mammoth budget shortfalls — maybe we all need a clear-eyed look backward as well as ahead.
A look back at the past decade from an Oregon consulting company, Fodor & Associates, ought to get plenty of people thinking about whether some assumptions of the past need re-examining. The report looked at growth rates and prosperity in the 100 largest U.S. metro areas. Its findings may challenge a bedrock assumption for many local and state government leaders, that “growth” in and of itself automatically brings jobs and more wealth.
Read more

-Mary Newsom is an associate editor and opinion writer at the Charlotte Observer.

Posted by Elizabeth Kerr

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