Major U.S. Cities Experience Population Decline

Urban centers in the U.S. are losing their traditional economic appeal, particularly for lower-skilled workers, as rising housing costs negate the urban wage premium that once attracted residents. Recent studies indicate that non-college-educated workers now experience a financial penalty in cities, prompting some to consider relocating to more affordable rural areas. In contrast, certain cities are witnessing a thriving middle class, driven by income growth and favorable economic conditions, although the overall middle class continues to shrink nationwide. A notable trend is the internal migration toward smaller towns, with a significant population decrease in major cities like New York and Chicago observed recently. Meanwhile, regions such as Toronto are experiencing substantial population growth, primarily due to immigration. This complex landscape of migration reflects shifting economic realities and changing preferences among American workers.