Archive for July 19th, 2013

The New Geography of Jobs. Enrico Moretti.

Image representing Microsoft as depicted in Cr...

The New Geography of Jobs. Enrico Moretti. 2013. ISBN 9780547750118, Continuing on the theme of studies of innovation, this book by a noted economist pretty well puts the boots to most populist views of jobs and job creation.  From angst over  protecting old manufacturing jobs ( which “create” 1.2 more jobs) to having high tech jobs ( which each create 5 more jobs) , the answer is a slam dunk. Restrictive building bylaws are stupid.  ( So you are saying you want to create jobs but not places for the high value workers to live?)   Drives between cities to “buy” plants are too often a zero sum game – why not just give the same money the residents?   You will learn why clusters of innovation happens and how it is often due to a few “stars ‘ and not govt hand outs.   Seattle?  – Microsoft moved from AlbuquerqueHollywood – D.W. Griffiths and Birth of a NAtion.   Silicon ValleyFairchild Semiconductor.   Vancouver’s sky high housing ?  China took over Hong Kong.  A treat of a book which I read it in one sitting. Terrific complement to Why Boomers Bail. You will never look at govt programs again. Makes a great as why education should be a federal responsibility – as should be R&D.  Great ideas about smart immigration policies.