Back in April I wrote about an Atlantic Magazine story that suggested population growth was not the single deciding factor in the economic health of a region (2010 Census Interesting Insights). I finally got a chance to review the follow-up story on this subject that looked at Metropolitan Areas and compared their productivity growth, and the study that these two articles are based upon (Growth without Growth:Population and Productivity Change in U.S. Metropolitan Areas, 1980-2006).
The study suggests that the area is faring quite well in the big picture. The study looks at the changes that take place in the average wage per job between 1980 and 2006 as well as the average change in population. The analysis shows that Barnstable had the 14th highest growth in average wage per job in country for all Metropolitan Areas. The study lists this as Barnstable Town as opposed to the Barnstable-Yarmouth MSA, however, it is safe to assume that the data is reflective of the entire Metropolitan Area, of which Dennis is a part. For instance, the average wage per job for Dennis, according to the Census Bureau’s County Business Patterns grew by 50.4% between 1998 and 2008.