Contra Costa Times :: Bay Area slips in productivity
...The soaring costs of living and doing business have begun to sap the Bay Area's competitive edge, even though it has the nation's most productive and skilled workers, a study released today warns.
...Rising home prices, soaring premiums for workers' compensation, stubbornly high electricity costs and lengthening commutes have all eroded the Bay Area's ability to compete in the national and global marketplace, the McKinsey & Co. study suggests (this study titled - Downturn and Recovery: Restoring Prosperity - is available in 'PDF' format on: Bay Area Economic Forum Publications.)
..."We are morphing into something new," Van Dyke, an economist with the Berkeley-based Rosen Consulting Group, said. "The Bay Area will increasingly be a center where high-value knowledge work is done, and not an area where we put things together. We have to encourage startups, idea work, the intersection between hard technology and biosciences. That's the wave of the future."...
K-Collector Topics: Home Networking Ideas knowledge work Productivity