For high wage earners, the advantage of being at a more productive job usually outweighs the added cost of living. For residents further down the income distribution, the large cities are becoming increasingly unaffordable. As a result, Americans have been increasingly segregating by income, with the high wage earners moving to the large cities and the low wage earners moving to the small cities. This is not good for society, and it’s not sustainable in the long run.
That’s a snippet of my new interview with WalletHub, where they ask me five questions about small cities in America. Click on the link to hear more about their pros, their cons, and their future.