Aside from a few metros in Texas, you would struggle to find a place doing as well as Pittsburgh. This fact is hard for the libertarian crowd to swallow. Taxes are high. Pennsylvania isn't a right to work state. The population is in decline. I expect Jack Welch to rush in at any moment and claim the federal government is cooking the books. Reluctant confessions from the Allegheny Institute for Public Policy:
In terms of job growth, the Pittsburgh region‘s long-dominant education and health care sectors have a new challenger: professional, technical and financial services, recent employment data show.
“Eds and meds” institutions still employ the biggest slice of the seven-county region‘s 1.18 million jobs, say economic experts, but “pros and techs” are gaining.
“The leadership in job growth has changed from eds and meds to financial services and professional and technical services,” said Jake Haulk, economist and president of the Allegheny Institute for Public Policy, a think tank in Castle Shannon.
Eds and meds isn't the only game in town. Along with the tech boom, there's a glut in financial services job openings. Heck, according to the same article, there's a glut in eds and meds job openings. Pittsburgh is hiring!
The rub is that the local labor supply can't keep up and all those naysayers have built up a formidable barrier to inmigration. Pittsburgh is on the national mental map, in a negative light. The city is in the Rust Belt. It is dying. That puts an upward pressure on wages, which is a lot scarier to a business than the red herring of high taxes.
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