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Is Portland A Retirement Community for the Young ?

Two Points of View

“People move to New York to be in media or finance;
they move to L.A. to be in show business.
People move to Portland to move to Portland.”


Will Portland Always Be a Retirement Community for the Young?

From the New York Times
September 16, 2014

Portland’s paradox is that it attracts so many of “the young and the restless,” as demographers call them, that it has become a city of the overeducated and underemployed — a place where young people are, in many cases, forced into their semiretirement.

Even when college-educated residents get jobs there, they earn 84 cents for the average dollar earned in other cities. … In 41 of the country’s 50 largest cities, young, educated people earn more than they do in Portland.


Portland: Hardly ‘A Retirement Community for the Young’

From City Lab
September 17, 2014

The unemployment rate for 25- to 34-year-olds with a four-year degree in the Portland metro area in 2012 (the latest year for which this data is available) was 4.8 percent, slightly higher than the average of 4.0 percent for all large metro areas, but only ranking 16th highest of the 52 largest metro areas. Portland’s unemployment rate for this group was exactly the same as Houston’s and lower than in Atlanta’s and Chicago’s (5.2 percent), Los Angeles’ (8.3 percent), Las Vegas’ (7.2 percent), and even New York’s (5.7 percent).

“if workers accept lower wages to work in one location than another,
it is because they attach a real economic value to quality of life.”

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