The economic crisis contributed to sharp increases in US unemployment rates for all three of the major socio-economic classes. Results from regression models using individual-level data from the 2006–2011 US Current Population Surveys indicate that members of the Creative Class had a lower probability of being unemployed over this period than individuals in the Service and Working Classes and that the impact of having a creative occupation became more beneficial in the 2 years following the recession. These patterns, if they continue, are suggestive of a structural change occurring in the US economy—one that favours knowledge-based creative activities.
Citation:
Gabe, T., Florida, R., & Mellander, C. (2013). The Creative Class and the crisis. Cambridge Journal of Regions, Economy and Society, 6(1), 37–53. doi:10.1093/cjres/rss012