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Cambridge Journal of Regions, Economy and Society : The Creative Class and the crisis

By April 16, 2014No Comments

The economic crisis contributed to sharp increases in US unemployment rates for all three of the major socio-economic classes. Results from regression models using individual-level data from the 2006–2011 US Current Population Surveys indicate that members of the Creative Class had a lower probability of being unemployed over this period than individuals
in the Service and Working Classes and that the impact of having a creative occupation became more beneficial in the 2 years following the recession. These patterns, if they continue,
are suggestive of a structural change occurring in the US economy—one that favours knowledge-based creative activities.