I was picturing an army of teachers, but I don't normally think of teachers as folks who earn enough to be compared to tech money :)
I was picturing an army of teachers, but I don't normally think of teachers as folks who earn enough to be compared to tech money :)
In a city with a population of 600k that's going to be a decent part of the local economy.
Boston itself is about 700,000 people, but if you extend things to a 20 mile radius from Boston (say from DTX), in that area there is a transient student population of 400,000 people that are only there to attend higher education and ultimately call elsewhere home. Within 20 miles of Boston are several dozen (nearly 60?) universities, making education one of its six or seven tent-pole industries.
All that to say nothing of the students. The population of Boston itself is ~600k, while the metro region has ~4M people and roughly 300k students reside in the metro. These are obviously not all local students, but students from all over the world who have come to Boston for education.
I didn’t mean directly that the schools had money, but that neighborhoods and civic fabric was built around the universities. But many do have a lot of money. Students tend not to travel far, so you get lots of self-contained neighborhoods around school. Similar to SF where the hills limit how far you’d walk.