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located. like for instance, in the other ge instance with a high school diploma working in silicone valley will make more money than someone working with a college degree in flint, michigan. of course the cost of living in silicon valley is higher, so the numbers can be misleading. the first guest says, where you live, however, is the number one factor in the type of job you find, whether you are able to keep it, and whether you get the salary you aspire to. and uc berkeley economic professor, author of "the new geography of jobs" and professor, walk me through the logic. why is any ...

affecting my work prospects? >> well, the key predictor of communi community economic success today is the number of college graduates in that community. cities with a lot of can college graduates have been successful with employers. resulting in higher wages and positive feedback that makes the community more and more prosperous. by contrast, cities without a lot of college graduates miss out on high-tech. this wasn't as big in the 1980s but has been growing ever since. now it is the largest it has ever been. >> and to that end, are you suggesting, i suppose it is a multipronged iss...