Massachusetts and New England losing post-grads
The Federal Reserve Bank of Boston takes time out from saving us from ruin / turning us into communists (depending on your point of view) long enough to publish results of a new study that asked, “Why do college graduates leave New England?”
According to the Boston Business Journal:
The report, to be released Thursday morning, contradicts the popular notion that cold winters and expensive housing drive recent college graduates away. The main reason they leave, according to the report, is to pursue jobs available elsewhere.
The authors also concluded (among other things) that:
* Most of the decline is due to the region’s low birth rate.
* New England retains a low percentage of college graduates compared to other regions because a disproportionate percentage of the region’s college students come from other parts of the country.
Meaning, all the college kids go home to where they came from.
About that “low birth rate”? Don’t forget, Massachusetts is likely to lose a US congressional seat, next decennial census.
Source: College grads ditching New England for jobs - Boston Business Journal, quoting the Federal Reserve Bank of Boston
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