Boston Herald: New Hub report denies a ‘brain drain’ exodus
The Boston Herald profiled the findings of a report by the Boston Redevelopment Authority and the Economic and Public Policy Research group at the UMass Donahue Institute, which looked at the numbers of recent college graduates in Boston to determine the extent of the city’s “brain drain,” the mass exodus of the young and college educated who flee the area soon after graduation and take their talents to high tech jobs in other cities.
The report, which analyzed census data, labor statistics and two studies over the past decade, found that the number of newly minted college graduates leaving the city is a normal turnover for what you would expect from a region where higher education is a major industry. The analysis also found that the area boasts a healthy level of young, college-educated residents.
Researchers also found there are not enough jobs in the area labor markets to hire anywhere near the number of graduates each year.
“There is no way we are going to retain 60,000 people a year,” said Alvaro Lima, research director at the Boston Redevelopment Authority. “You cannot produce jobs at the same rate you produce graduates.”
Read article: New Hub report denies a ‘brain drain’ exodus
October 25, 2014