Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News

 

Fascinating Big Data On Migration From The Facebook Team

Dec 21 2013, 7:26am CST | by

Fascinating Big Data On Migration From The Facebook Team

Photo Credit: Forbes
 
 

This is the sort of thing that economists get excited about and it is also undoubtedly where a lot of economic research is going to be done in the coming decades. These vast sets of “big data” that the various social networks and search engines are collecting will be mined for the answers to many a question I’m sure.

Here the title="Facebook">Facebook team have been able to connect two interesting pieces of information from the standard personal profiles and use them to show something about migration patterns. This is something that the standard economic data doesn’t collect very well.

They’ve taken the identified home town of the users and plotted that against town of residence. This then tells us something about migration patterns.

Specifically, they’re interested in whether we can see coordinated migration. Is there a significant portion of the people identified as being originally from one town now living in another? Is there some large percentage of people originally from one town now living in another? To the point that we can say that 20% of all people originally from X now live in Y? And yes, they do find that happening but the most interesting part to me is this:

Rapidly urbanizing cities attract population from the neighboring cities, most often within the same country. Depending on how centralized a country is, there might be a single hub attracting people from the entire country (as seen in West Africa) or different hubs as seen in South-East Asia and even more strongly in India.

Note that London, in my native UK, is one of those hub cities that is attracting so much immigration. And also note that it’s the only developed world city that is.  And think not of the immigration for a moment but that existence of a hub instead. London dominates the UK in a manner that no single city really dominates the economy of any other advanced country. This is one of the things that helps in understanding the UK in fact. For example, UK inequality figures are distinctly skewed by the fact that the high incomes are disproportionately in London, but then so also are the high costs of living. By measuring income inequality we are vastly over-estimating consumption inequality: it being that last that we should be worrying about of course.

It’s a general observation that most of the UK is a pretty average northern European country and economy: but London is now part of the great global economy with wages and pries to match. This dive into Facebook’s data supports that view.

Source: Forbes

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

David Price Allows 9 Consecutive Hits in 8-4 Loss to NY Yankees
David Price Allows 9 Consecutive Hits in 8-4 Loss to NY Yankees
Detroit Tigers lefty starter David Price allowed nine consecutive hits in the top of the third inning in an 8-4 loss to the New York Yankees.
 
 
Miley Cyrus is out to Defend the Homeless Man
Miley Cyrus is out to Defend the Homeless Man
Miley Cyrus and the homeless man she brought along with her to the VMAs, has an arrest warrant in his name in Oregon. Yet she is out to defend him.
 
 
Samsung introduces the Gear S, a smartwatch that can make calls
Samsung introduces the Gear S, a smartwatch that can make calls
The main selling point of the Gear S is its 3G connectivity, making it capable of doing calls.
 
 
Charlize Theron answers a Few Questions
Charlize Theron answers a Few Questions
The acclaimed Hollywood actress, Charlize Theron recently sat down for an interview in which she answered a few questions.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.