Spending Power and High-Skilled Jobs

jobs: Without the spending power these jobs provide, attempts to make high streets more attractive to consumers will fail, the report said, according to The Guardian. Centre for Cities looked at 62 of the UK's biggest cities and towns and found a strong link between high-skilled jobs and thriving high streets. The Centre for Cities thinktank said the government should help towns and cities improve skill levels among local workforces in order to attract businesses and generate well paid jobs. It said cities with stronger economies had more theatres, museums and restaurants while cities with weak economies often had only the basics. It said London and Manchester are busy because they have well paid workers whereas towns such as Mansfield and Barnsley struggle without enough prosperous consumers. Well paid jobs in the city centre make those amenities viable whereas opening a museum or a theatre in a weak economy is unlikely to revitalise a town or city, the report found. (news.financializer.com). As reported in the news.