How tech firms can drive growth, without making inequality worse

For many cities, tech hubs have been a key

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to jump starting economic growth in the wake of the global financial crisis. In an era of uncertainty, tech-sector growth is proving to be a driving force for nations attempting to reach into the “next economy”. In the UK, for instance, the sector is – optimistically – predicted to grow four times faster than GDP, while tech job growth is expected to outperform all other occupation categories by 2020.

By traditional measures of a successful economy – jobs and wages – this is a welcome development. But there is a growing body of evidencewhich suggests that the growth of the tech sector in cities is associated with increased economic segregation. And while it’s true that, in general, large, successful, high-growth cities tend to have high rates of economic segregation, areas with tech hubs seem to experience this effect more markedly.

https://theconversation.com/how-tech-firms-can-drive-growth-without-making-inequality-worse-54757