Sunday, October 21, 2012

It's Mormon in America

"Mormons enjoy levels of education and wealth higher than the national average, for example. Some 54 percent of LDS men and 44 percent of women have secured postsecondary education; the numbers for the general American population are 37 percent and 28 percent, respectively.

 The best advertisement for Mormonism, though, is the kind of society that it seems able to create. Utah, 60 percent of whose population belongs to the LDS Church, has enjoyed one of the fastest job-growth rates in the nation over the past decade, taking a strong lead in a host of industries, from energy and software to composite manufacturing. It has also seen the highest population growth rate of any state, aside from neighboring Arizona and Nevada—and unlike those “bubble” states, Utah survived the housing bust in strong shape. The Beehive State’s success is less about low taxes—Utah is not a tax haven like Texas, Nevada, or Florida—than about support for wealth-creating industry. Utahans have a great interest in promoting business growth.  Such cost advantages, plus the presence of an educated population, appeal to global companies. Goldman Sachs, for example, has set up its second-largest American operation in downtown Salt Lake City. “We consider Salt Lake a high-leverage location,” says Goldman managing director David Lang. “There’s a huge cost differential, and you have a huge, talent-rich environment.” Drive through Provo, and you’ll see office buildings, often just finished, for some of Silicon Valley’s signature companies, including Intel, Adobe, Twitter, eBay, and Fairchild Semiconductor. Over the past decade, the number of Salt Lake–area employees in STEM jobs (those relating to science, technology, engineering, or math) has increased 17.5 percent. The number of such jobs actually declined in Silicon Valley and stagnated in New York, Boston, and Los Angeles."
--http://www.newgeography.com/content/003164-it-s-mormon-america

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