PHOENIX — A new study out of Harvard seems like it is taking a swipe at Arizona.
The Bay Area, Boston and New York are losing low-wage workers because of rising home prices and they’re moving away from the “most productive parts of the country” to places such as Las Vegas and Phoenix, according to the report.
The report said only high-skill, high-wage workers can afford to live in places like New York and San Francisco. Arizona’s cost of living is cheaper, so lower-wage workers are coming to the Valley.
Economist Jim Rounds with Elliott D. Pollack and Company reacted to the study by saying it’s another welcome sign the economy is getting better.
“States like Arizona, part of our economic base is growth,” he said. “If you look at other states that are suffering, it’s because they don’t have growth like we have.”
Rounds said the higher-paying jobs will come to Arizona when companies start to feel better about the economy.