Skip to content
  • Boston’s 2 sides: How the city can have a booming innovation economy and widening inequality

    WBUR - 06/09/2016

    The idea that an expanding economy lifts everybody sounds intuitively correct, but sometimes economic effects are counterintuitive. So when it comes to Boston’s booming innovation economy, can we assume that a rising tide will lift all boats?

    According to Barry Bluestone, an economist at Northeastern University, the answer is no. “A rising tide may actually sink some boats,” he said.

    Bluestone says a chief reason for the dramatic wage disparity in Boston is a jobs miracle: the huge growth in financial services, tech and biotech, which are industries that pay very high salaries. But there are many more people still working in the old economy earning relatively low wages.

  • Cookies on Northeastern sites

    This website uses cookies and similar technologies to understand your use of our website and give you a better experience. By continuing to use the site or closing this banner without changing your cookie settings, you agree to our use of cookies and other technologies. To find out more about our use of cookies and how to change your settings, please go to our Privacy Statement.