Earlier quoted context omitted.
Job growth is a good thing only if it benefits the people who live in a place before said growth occurs. Otherwise, you're incentivized to just keep shifting high-paid populations around and calling it success.
> Job growth is a good thing only if it benefits the people who live in a place before said growth occurs Why so? Even if high-paid populations are being shifted around, it's better for the region as a whole to have more highly-paid people. They'll spend more and pay more in taxes (sales, property, income). The pre-existing population presumably owns property, whose value has increased now because it's close to high-…
No, that's not at all axiomatic. Consider a place like Aspen: formerly a small mountain town, now an enclave of incredibly wealthy people. People who support the area have to make a treacherous daily commute from nearby towns, because none can afford to live in the area.
Sure, some people become wealthy from owning land in Aspen before it became famous. Most residents did not.
If all you focus on is tax revenue, median income, etc., everything looks peachy, but that's a myopic view. One can easily argue the same thing is happening in San Francisco.