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Numbers Behind the News: The Truth about CEO Pay
CEO pay has been in the news a lot lately. The AFL-CIO released its annual report showing that the pay gap between the top CEOs and average workers was a stunning 354:1 in 2012, compared to 1982 when...
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Inside International Immigration in Pittsburgh: A look at High-Skilled...
Recently we were working on a grant about how to better prepare our workforce for the jobs available to them. During this process, I was asked to investigate H1-B Visa applications. What I found...
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Three Economic Disruptions Under the Radar
As Fourth Economy turns three years old it is a good time not only to reflect on the lessons of these past three years but also to think about what is next. One of those lessons is that many surprises...
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Reshaping the Coast Line of Economic Development
As we approach our third birthday here at Fourth Economy, changing out our onesies and temper tantrums for improved socialization skills and smaller adult looking clothes, we thought it a good time to...
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This is What I Have Always Wanted To Do: On The Economy, Jobs, and Student...
Last week, college students- freshmen through PhDs- embarked on yet another semester of working toward graduation. But to what end? How will they benefit from a college degree? Simultaneously, how will...
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The University Economic Engine
Colleges and universities are a critical driver for regional and national development. They are critical to the well being of our nation and the communities that they serve, as much as these...
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Trends in Economic Impact
Universities make huge contributions to the US economy annually. However, understanding and communicating those contributions is not always realized nor easily demonstrated. Over the years, I’ve...
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Declining Higher Ed R&D Expenditures: A Crisis or an Opportunity?
A recent National Science Foundation (NSF) report revealed that R&D expenditures among U.S. higher education institutions remained flat in FY2012 compared to FY2011, and, when adjusted for...
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Pennsylvania Life Science Industry – A Quick Check on the Numbers
Two year’s ago this month the Fourth Economy team completed an assignment for the Pennsylvania Life Science Leadership Advisory Council. At a news event in May 2012 we participated in the release of...
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Higher Eds use Economic Impact Studies for what?!
The answer is Higher Eds use economic and social impact studies for a lot of different reasons. Underlying is the desire to showcase their good work and demonstrate the value their work creates. And...
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National Fourth Economy Community Index Lists Top 10 Mega-Sized Counties for...
Fourth Economy Consulting announces the latest release of its national community index, listing top counties from across the nation. The Fourth Economy Index highlights those communities ideally...
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It’s all About that Base: Baseline Data, Energy Planning, & Economic Development
It’s no secret that the best strategic plans are based on qualitative and quantitative analysis, using this information to determine the best allocation of resources to pursue growth and change. Too...
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Working as a Freelancer
More Americans are becoming freelancers, and enjoying the freedom of working independently and making their own decisions. Various studies predict that over 40 percent of the American workforce will be...
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Beware of Black Boxes
Statistics are like a bikini, what they reveal is interesting but what they conceal is vital. A variety of “black box” applications are being introduced for economic and data analysis. These tools...
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The Future of Work [Podcast]
In September, Dr. Jerry Paytas was featured on Workforce Central, hosted by the National Association of Workforce Boards‘ President/CEO Ron Painter. Workforce Central features public & private...
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Survey: Environmental Factors and Site Selection
We are asking corporate real estate managers, location consultants and economic developers to identify how air quality affects location decisions. div.maxbutton-34-container { } a.maxbutton-34 {...
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Ready, Set, Survey…
As summer BBQs turn to fall tailgates, how often do you find that neighborly backyard burger flipping leads to discussions on how great your town is or how much better it could be. Sure there is...
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What? Me Worry?
When people are looking for a safe place to live, they overestimate the danger from low-risk threats such as crime. No one would say that they want to live in a high crime area. The reality is that...
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What Is Not Being Addressed that Will Kill Your Economic Development Strategy
At this point I think we are all familiar with the struggles facing Detroit Public Schools, at least on the surface: mushrooms growing in schools, teacher strikes, financial crisis. However, as...
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Measure Up!
The ripple effect of big data and analytics is hitting economic development. There has been a resurgence in new tools that package economic data to make it more accessible to a wider audience. A lot of...
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