New Geography of Jobs in America Enrico Moretti
![New Geography of Jobs in America Enrico Moretti New Geography of Jobs in America Enrico Moretti](https://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-1.jpg)
New Geography of Jobs in America Enrico Moretti
![Two Videos • Rough but a bit more in depth http: //bldsf. com/blog/2 016/5/3/enrico-moretti Two Videos • Rough but a bit more in depth http: //bldsf. com/blog/2 016/5/3/enrico-moretti](http://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-2.jpg)
Two Videos • Rough but a bit more in depth http: //bldsf. com/blog/2 016/5/3/enrico-moretti
![• More Polished but less depth https: //www. frb sf. org/education /teacherresources/econ omics-inperson/jobshuman-capitalcollegeeducatedworkforce/ • More Polished but less depth https: //www. frb sf. org/education /teacherresources/econ omics-inperson/jobshuman-capitalcollegeeducatedworkforce/](http://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-3.jpg)
• More Polished but less depth https: //www. frb sf. org/education /teacherresources/econ omics-inperson/jobshuman-capitalcollegeeducatedworkforce/
![Three Americas 1. Brain Hubs 2. Factory Towns 3. Middle group Three Americas 1. Brain Hubs 2. Factory Towns 3. Middle group](http://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-4.jpg)
Three Americas 1. Brain Hubs 2. Factory Towns 3. Middle group
![Gap • Huge and growing 1. Education 2. Wages 3. Longevity… Gap • Huge and growing 1. Education 2. Wages 3. Longevity…](http://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-5.jpg)
Gap • Huge and growing 1. Education 2. Wages 3. Longevity…
![Current Predictive factors of Growth • Post WWII – Physical Capital and location near Current Predictive factors of Growth • Post WWII – Physical Capital and location near](http://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-6.jpg)
Current Predictive factors of Growth • Post WWII – Physical Capital and location near resources • Today – Human Capital -- Schooling
![Why clustering in Brain Hubs 1. Knowledge Peers – critical mass – who is Why clustering in Brain Hubs 1. Knowledge Peers – critical mass – who is](http://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-7.jpg)
Why clustering in Brain Hubs 1. Knowledge Peers – critical mass – who is around you 2. Thickness of Labor Market – large and diverse • Larger & more diverse • Tighter match employer and employee • Thicker better match 3. Positive Feedback • Sustaining force • Path Dependency • Catch-up difficult for others
![Key take aways Difference in college educated • 50% college grads seems like a Key take aways Difference in college educated • 50% college grads seems like a](http://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-8.jpg)
Key take aways Difference in college educated • 50% college grads seems like a tipping point Size of place not key Thickness of labor market is
![How to catch up? • Unsure • Richard Florida’s “sexy cities”, artistic class, & How to catch up? • Unsure • Richard Florida’s “sexy cities”, artistic class, &](http://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-9.jpg)
How to catch up? • Unsure • Richard Florida’s “sexy cities”, artistic class, & amenities not the answer • Amenities follow growth not other way around • Research Universities play a role, but unclear • US awash with such schools • Necessary but not sufficient condition
![Broader impacts in Hub region 1. Larger Multiplier of new economy jobs 2. Translates Broader impacts in Hub region 1. Larger Multiplier of new economy jobs 2. Translates](http://slidetodoc.com/presentation_image/fbea3169856da967cae2f0cab51e5554/image-10.jpg)
Broader impacts in Hub region 1. Larger Multiplier of new economy jobs 2. Translates into higher wage multiplier 3. 1 Techie supports 4 to 5 secondary jobs at better pay
- Slides: 10