A new study, "Grading Places: What Do the Business Climate Rankings Really Tell Us?" indicates that many of those ranking studies can be biased and misleading. The study identifies examples of shoddy work, such as identification of Las Vegas as having the best airport infrastructure in the country, while New York City is ranked 40th. However, Las Vegas has only one large commercial airport and New York has three. What should we conclude here in Philadelphia? If our City comes out being ranked well in a survey, believe it. If Philadelphia is poorly ranked, the survey is dubious and should be ignored (see story).
Thanks to T. Madres, Board Chair of Young Involved Philadelphia for this tidbit.