The New Geography of Jobs (Enrico Moretti) | Journal of Applied Moretti has a way of looking at things we all know in new and refreshing ways.Mike Cassidy, Silicon Beat, In his book The New Geography of Jobs, Moretti unpacks the forces that are reshaping America. Rust Belt Chic And The Keys To Reviving The Great Lakes. Detroit experienced 30 years of decline before the Rust Belt was born. Breedlove liked the idea of moving to a more rural community with less pollution, a shorter commute, and safer schools. The rest of the process, including the making of the sophisticated electronic components, has been moved overseas. 0000000832 00000 n NEW from the bestselling HBRs 10 Must Reads series.Learn why bad decisions happen to good managersand how to make better ones. It is therefore natural to wonder what might be left to American workers in the decades to come. It reflects a broader national trend. [] Highly recommended, a compelling read! Talking about Finance (Eric Von Berg), This book convincingly argues that an unprecedented redistribution of jobs, population and wealth is underway in this country. CNBC, Remember author Thomas Friedmans argument that the world was flat, and where you lived didnt matter, because with e-mail, cell phones, and the Internet, you could do business all over the world? America's new economic map shows growing differences, not just between people but especially between communities. Location, location, location. Cities with a high percentage of skilled workers offer high wages not just because they have many college-educated residents and these residents earn high wages. Smart Labor: Microchips, Movies, and Multipliers 45 3. People would flock instead to warm or attractive places, there to do their chosen work in a spatially insensitive economy. The New Geography Of Jobs - Enrico Moretti - Google Books We are used to thinking of the United States in dichotomous terms: red versus blue, black versus white, haves versus have-nots. Most sectors have a multiplier effect, but the innovation sector has the largest multiplier of all: about three times larger than that of manufacturing. Cities have become great filters, he explains, concentrating skilled workers in a handful of highly productive locations. The New Human Capital Century215 Acknowledgments251 Notes253 References269 Index279, "Enrico Moretti's superb book highlights why the study of economic geography is vital for understanding fundamental issues such as the root causes of rising income inequality, innovation, and job growth. Around the time Paul Krugman was launching the New Economic Geography the world he set out to describe began disappearing. A handful of cities with the right industries and a solid base of human capital keep attracting good employers and offering high wages, while those at the other extreme, cities with the wrong industries and a limited human capital base, are stuck with dead-end jobs and low average wages. Forces of Attraction 121 5. 0000000852 00000 n In fact, he has shown that for every new innovation job in a city, five additional non-innovation jobs are created, and those workers earn higher salaries than their counterparts in other cities. But today there are three Americas. In other words, humans are the essential inputthey are coming up with the new ideas. The changes taking place in the United States can be seen around the globe. Search for other works by this author on: The Author (2013). But the pundits were wrong. Because of better man-agement practices and a tremendous surge in investment in new and more modern machines, an American factory worker in 1975 could produce twice as . The Inequality of Mobility and Cost of Living154 6. The growing divergence of American communities is important not just in itself but because of what it means for American society. Mr. Moretti calculated such a multiplier effect by examining U.S. Census Bureau data from eight million workers in 320 areas during the past 30 years. The new geography of jobs . A number of interesting views on how new jobs are created. What happened today, this week, or even this month is not very illuminating, because the fundamentals of an economy evolve at a much slower pace. But today the difference among communities in the United States is bigger than it has been in a century. Dealing with this split--supporting growth in the hubs while arresting the decline elsewhere--will be the challenge of the century, and "The New Geography of Jobs" lights the way. Menlo Park, like many urban areas at the time, did not seem to be heading in the right direction. In his book The New Geography of Jobs, University of California at Berkeley economics professor Enrico Moretti argues that, contrary to conventional wisdom, the information economy is a driver of job growth. Reviewed in Italy on January 18, 2014. Wages are higher, and unemployment lower, for workers living in an "innovation cluster" than for comparably educated workers outside of these privileged places. It is an excellent addition to the literature on the economics of place. Moretti convincingly demonstrates that the inequalities that matter most in early 21st century America are the differences across places. But it also looks forward, seeking to provide insight into the trends that will shape our economy over the next three decades. At the other extreme are cities once dominated by traditional manufacturing, which are declining rapidly, losing jobs and residents. The percentage of college graduates has increased by two-thirds, the second largest gain among American metropolitan areas. Incredibly, when it reaches the American consumer, only one American worker has physically touched the final product: the UPS delivery guy. Includes bibliographical references (p. [253]-277) and index. Javascript is not enabled in your browser. Nowhere are these changes more obvious than in the Chinese city of Shenzhen. And what could be fresher than farm-to-table terms than vegetables you've grown at home? How will unemployment affect the next election? While innovation will never be responsible for the majority of jobs in the United States, it has a disproportionate effect on the economy of American communities. For Permissions, please email: journals.permissions@oup.com, Boosting, sorting and complexityurban scaling of innovation around the world, Left-behind versus unequal places: interpersonal inequality, economic decline and the rise of populism in the USA and Europe, Value chain, regional institutions and firm growth in Europe, Not welcome anymore: the effect of electoral incentives on the reception of refugees, Moving Oninvestigating inventors ethnic origins using supervised learning, Browse content in A - General Economics and Teaching, A12 - Relation of Economics to Other Disciplines, A13 - Relation of Economics to Social Values, B - History of Economic Thought, Methodology, and Heterodox Approaches, Browse content in B - History of Economic Thought, Methodology, and Heterodox Approaches, B2 - History of Economic Thought since 1925, Browse content in B2 - History of Economic Thought since 1925, B25 - Historical; Institutional; Evolutionary; Austrian, Browse content in B4 - Economic Methodology, Browse content in B5 - Current Heterodox Approaches, C - Mathematical and Quantitative Methods, Browse content in C - Mathematical and Quantitative Methods, C1 - Econometric and Statistical Methods and Methodology: General, Browse content in C1 - Econometric and Statistical Methods and Methodology: General, C14 - Semiparametric and Nonparametric Methods: General, C15 - Statistical Simulation Methods: General, C2 - Single Equation Models; Single Variables, Browse content in C2 - Single Equation Models; Single Variables, C21 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions, C23 - Panel Data Models; Spatio-temporal Models, C25 - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities, C26 - Instrumental Variables (IV) Estimation, C3 - Multiple or Simultaneous Equation Models; Multiple Variables, Browse content in C3 - Multiple or Simultaneous Equation Models; Multiple Variables, C31 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models, C33 - Panel Data Models; Spatio-temporal Models, C38 - Classification Methods; Cluster Analysis; Principal Components; Factor Models, C4 - Econometric and Statistical Methods: Special Topics, Browse content in C4 - Econometric and Statistical Methods: Special Topics, C41 - Duration Analysis; Optimal Timing Strategies, C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling, Browse content in C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling, C61 - Optimization Techniques; Programming Models; Dynamic Analysis, C62 - Existence and Stability Conditions of Equilibrium, D01 - Microeconomic Behavior: Underlying Principles, D02 - Institutions: Design, Formation, Operations, and Impact, D03 - Behavioral Microeconomics: Underlying Principles, D1 - Household Behavior and Family Economics, Browse content in D1 - Household Behavior and Family Economics, D13 - Household Production and Intrahousehold Allocation, Browse content in D2 - Production and Organizations, D23 - Organizational Behavior; Transaction Costs; Property Rights, D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity, D31 - Personal Income, Wealth, and Their Distributions, D4 - Market Structure, Pricing, and Design, Browse content in D4 - Market Structure, Pricing, and Design, D43 - Oligopoly and Other Forms of Market Imperfection, D5 - General Equilibrium and Disequilibrium, Browse content in D5 - General Equilibrium and Disequilibrium, D61 - Allocative Efficiency; Cost-Benefit Analysis, D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement, D7 - Analysis of Collective Decision-Making, Browse content in D7 - Analysis of Collective Decision-Making, D72 - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior, D74 - Conflict; Conflict Resolution; Alliances; Revolutions, D78 - Positive Analysis of Policy Formulation and Implementation, D8 - Information, Knowledge, and Uncertainty, Browse content in D8 - Information, Knowledge, and Uncertainty, D81 - Criteria for Decision-Making under Risk and Uncertainty, D82 - Asymmetric and Private Information; Mechanism Design, D83 - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness, D85 - Network Formation and Analysis: Theory, Browse content in D9 - Micro-Based Behavioral Economics, D92 - Intertemporal Firm Choice, Investment, Capacity, and Financing, E - Macroeconomics and Monetary Economics, Browse content in E - Macroeconomics and Monetary Economics, E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy, Browse content in E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy, E22 - Investment; Capital; Intangible Capital; Capacity, E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity, E3 - Prices, Business Fluctuations, and Cycles, Browse content in E3 - Prices, Business Fluctuations, and Cycles, Browse content in E4 - Money and Interest Rates, E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit, Browse content in E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit, Browse content in F - International Economics, F02 - International Economic Order and Integration, F12 - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation, F13 - Trade Policy; International Trade Organizations, F16 - Trade and Labor Market Interactions, F2 - International Factor Movements and International Business, Browse content in F2 - International Factor Movements and International Business, F21 - International Investment; Long-Term Capital Movements, F23 - Multinational Firms; International Business, Browse content in F3 - International Finance, F32 - Current Account Adjustment; Short-Term Capital Movements, F33 - International Monetary Arrangements and Institutions, F34 - International Lending and Debt Problems, F36 - Financial Aspects of Economic Integration, F4 - Macroeconomic Aspects of International Trade and Finance, Browse content in F4 - Macroeconomic Aspects of International Trade and Finance, F5 - International Relations, National Security, and International Political Economy, Browse content in F5 - International Relations, National Security, and International Political Economy, F52 - National Security; Economic Nationalism, F55 - International Institutional Arrangements, Browse content in F6 - Economic Impacts of Globalization, Browse content in G - Financial Economics, G02 - Behavioral Finance: Underlying Principles, Browse content in G1 - General Financial Markets, G11 - Portfolio Choice; Investment Decisions, G12 - Asset Pricing; Trading volume; Bond Interest Rates, G14 - Information and Market Efficiency; Event Studies; Insider Trading, Browse content in G2 - Financial Institutions and Services, G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages, G22 - Insurance; Insurance Companies; Actuarial Studies, G23 - Non-bank Financial Institutions; Financial Instruments; Institutional Investors, G24 - Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies, Browse content in G3 - Corporate Finance and Governance, G31 - Capital Budgeting; Fixed Investment and Inventory Studies; Capacity, G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill, G34 - Mergers; Acquisitions; Restructuring; Corporate Governance, Browse content in H1 - Structure and Scope of Government, H11 - Structure, Scope, and Performance of Government, H13 - Economics of Eminent Domain; Expropriation; Nationalization, Browse content in H2 - Taxation, Subsidies, and Revenue, H23 - Externalities; Redistributive Effects; Environmental Taxes and Subsidies, H3 - Fiscal Policies and Behavior of Economic Agents, Browse content in H3 - Fiscal Policies and Behavior of Economic Agents, Browse content in H4 - Publicly Provided Goods, H43 - Project Evaluation; Social Discount Rate, H44 - Publicly Provided Goods: Mixed Markets, H5 - National Government Expenditures and Related Policies, Browse content in H5 - National Government Expenditures and Related Policies, H52 - Government Expenditures and Education, H54 - Infrastructures; Other Public Investment and Capital Stock, H7 - State and Local Government; Intergovernmental Relations, Browse content in H7 - State and Local Government; Intergovernmental Relations, H71 - State and Local Taxation, Subsidies, and Revenue, H72 - State and Local Budget and Expenditures, H73 - Interjurisdictional Differentials and Their Effects, H75 - State and Local Government: Health; Education; Welfare; Public Pensions, H76 - State and Local Government: Other Expenditure Categories, H77 - Intergovernmental Relations; Federalism; Secession, Browse content in H8 - Miscellaneous Issues, H81 - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts, Browse content in I - Health, Education, and Welfare, I18 - Government Policy; Regulation; Public Health, Browse content in I2 - Education and Research Institutions, I23 - Higher Education; Research Institutions, Browse content in I3 - Welfare, Well-Being, and Poverty, I32 - Measurement and Analysis of Poverty, I38 - Government Policy; Provision and Effects of Welfare Programs, Browse content in J - Labor and Demographic Economics, Browse content in J1 - Demographic Economics, J11 - Demographic Trends, Macroeconomic Effects, and Forecasts, J12 - Marriage; Marital Dissolution; Family Structure; Domestic Abuse, J13 - Fertility; Family Planning; Child Care; Children; Youth, J15 - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination, J16 - Economics of Gender; Non-labor Discrimination, Browse content in J2 - Demand and Supply of Labor, J21 - Labor Force and Employment, Size, and Structure, J24 - Human Capital; Skills; Occupational Choice; Labor Productivity, J3 - Wages, Compensation, and Labor Costs, Browse content in J3 - Wages, Compensation, and Labor Costs, J31 - Wage Level and Structure; Wage Differentials, J32 - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions, Browse content in J4 - Particular Labor Markets, J44 - Professional Labor Markets; Occupational Licensing, J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining, Browse content in J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining, J51 - Trade Unions: Objectives, Structure, and Effects, J53 - Labor-Management Relations; Industrial Jurisprudence, J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers, Browse content in J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers, J61 - Geographic Labor Mobility; Immigrant Workers, J62 - Job, Occupational, and Intergenerational Mobility, J64 - Unemployment: Models, Duration, Incidence, and Job Search, Browse content in J7 - Labor Discrimination, J8 - Labor Standards: National and International, Browse content in J8 - Labor Standards: National and International, Browse content in K2 - Regulation and Business Law, K23 - Regulated Industries and Administrative Law, Browse content in K3 - Other Substantive Areas of Law, K4 - Legal Procedure, the Legal System, and Illegal Behavior, Browse content in K4 - Legal Procedure, the Legal System, and Illegal Behavior, K42 - Illegal Behavior and the Enforcement of Law, Browse content in L - Industrial Organization, L1 - Market Structure, Firm Strategy, and Market Performance, Browse content in L1 - Market Structure, Firm Strategy, and Market Performance, L11 - Production, Pricing, and Market Structure; Size Distribution of Firms, L13 - Oligopoly and Other Imperfect Markets, L14 - Transactional Relationships; Contracts and Reputation; Networks, L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices, L2 - Firm Objectives, Organization, and Behavior, Browse content in L2 - Firm Objectives, Organization, and Behavior, L22 - Firm Organization and Market Structure, L25 - Firm Performance: Size, Diversification, and Scope, L3 - Nonprofit Organizations and Public Enterprise, Browse content in L3 - Nonprofit Organizations and Public Enterprise, L31 - Nonprofit Institutions; NGOs; Social Entrepreneurship, Browse content in L5 - Regulation and Industrial Policy, L52 - Industrial Policy; Sectoral Planning Methods, Browse content in L6 - Industry Studies: Manufacturing, L62 - Automobiles; Other Transportation Equipment; Related Parts and Equipment, L63 - Microelectronics; Computers; Communications Equipment, L64 - Other Machinery; Business Equipment; Armaments, L65 - Chemicals; Rubber; Drugs; Biotechnology, L66 - Food; Beverages; Cosmetics; Tobacco; Wine and Spirits, L67 - Other Consumer Nondurables: Clothing, Textiles, Shoes, and Leather Goods; Household Goods; Sports Equipment, L7 - Industry Studies: Primary Products and Construction, Browse content in L7 - Industry Studies: Primary Products and Construction, L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels, Browse content in L8 - Industry Studies: Services, L81 - Retail and Wholesale Trade; e-Commerce, L83 - Sports; Gambling; Recreation; Tourism, L84 - Personal, Professional, and Business Services, L86 - Information and Internet Services; Computer Software, L9 - Industry Studies: Transportation and Utilities, Browse content in L9 - Industry Studies: Transportation and Utilities, L92 - Railroads and Other Surface Transportation, M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics, Browse content in M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics, Browse content in M1 - Business Administration, M16 - International Business Administration, Browse content in M2 - Business Economics, Browse content in M3 - Marketing and Advertising, Browse content in M5 - Personnel Economics, M51 - Firm Employment Decisions; Promotions, M52 - Compensation and Compensation Methods and Their Effects, N1 - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations, Browse content in N1 - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations, N10 - General, International, or Comparative, Browse content in N2 - Financial Markets and Institutions, N20 - General, International, or Comparative, N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy, Browse content in N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy, N30 - General, International, or Comparative, N4 - Government, War, Law, International Relations, and Regulation, Browse content in N4 - Government, War, Law, International Relations, and Regulation, N5 - Agriculture, Natural Resources, Environment, and Extractive Industries, Browse content in N5 - Agriculture, Natural Resources, Environment, and Extractive Industries, N50 - General, International, or Comparative, Browse content in N6 - Manufacturing and Construction, N7 - Transport, Trade, Energy, Technology, and Other Services, Browse content in N7 - Transport, Trade, Energy, Technology, and Other Services, N70 - General, International, or Comparative, Browse content in N9 - Regional and Urban History, N90 - General, International, or Comparative, O - Economic Development, Innovation, Technological Change, and Growth, Browse content in O - Economic Development, Innovation, Technological Change, and Growth, Browse content in O1 - Economic Development, O11 - Macroeconomic Analyses of Economic Development, O12 - Microeconomic Analyses of Economic Development, O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products, O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology, O15 - Human Resources; Human Development; Income Distribution; Migration, O16 - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance, O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements, O18 - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure, O19 - International Linkages to Development; Role of International Organizations, Browse content in O2 - Development Planning and Policy, O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights, Browse content in O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights, O31 - Innovation and Invention: Processes and Incentives, O32 - Management of Technological Innovation and R&D, O33 - Technological Change: Choices and Consequences; Diffusion Processes, O34 - Intellectual Property and Intellectual Capital, O4 - Economic Growth and Aggregate Productivity, Browse content in O4 - Economic Growth and Aggregate Productivity, O41 - One, Two, and Multisector Growth Models, O47 - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence, Browse content in O5 - Economywide Country Studies, Browse content in P1 - Capitalist Systems, P2 - Socialist Systems and Transitional Economies, Browse content in P2 - Socialist Systems and Transitional Economies, P25 - Urban, Rural, and Regional Economics, P3 - Socialist Institutions and Their Transitions, Browse content in P3 - Socialist Institutions and Their Transitions, P31 - Socialist Enterprises and Their Transitions, Browse content in P4 - Other Economic Systems, P48 - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies, Browse content in P5 - Comparative Economic Systems, P51 - Comparative Analysis of Economic Systems, Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics, Browse content in Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics, Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets, Q15 - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment, Q16 - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services, Q2 - Renewable Resources and Conservation, Browse content in Q2 - Renewable Resources and Conservation, Q3 - Nonrenewable Resources and Conservation, Browse content in Q3 - Nonrenewable Resources and Conservation, Q32 - Exhaustible Resources and Economic Development, Q34 - Natural Resources and Domestic and International Conflicts, Browse content in Q5 - Environmental Economics, Q52 - Pollution Control Adoption Costs; Distributional Effects; Employment Effects, Q53 - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling, Q54 - Climate; Natural Disasters; Global Warming, Q56 - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth, R - Urban, Rural, Regional, Real Estate, and Transportation Economics, Browse content in R - Urban, Rural, Regional, Real Estate, and Transportation Economics, Browse content in R1 - General Regional Economics, R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes, R12 - Size and Spatial Distributions of Regional Economic Activity, R13 - General Equilibrium and Welfare Economic Analysis of Regional Economies, R15 - Econometric and Input-Output Models; Other Models, Browse content in R2 - Household Analysis, R23 - Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics, R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location, Browse content in R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location, R32 - Other Spatial Production and Pricing Analysis, R33 - Nonagricultural and Nonresidential Real Estate Markets, Browse content in R4 - Transportation Economics, R41 - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise, R42 - Government and Private Investment Analysis; Road Maintenance; Transportation Planning, Browse content in R5 - Regional Government Analysis, R51 - Finance in Urban and Rural Economies, R53 - Public Facility Location Analysis; Public Investment and Capital Stock, R58 - Regional Development Planning and Policy, Browse content in Y - Miscellaneous Categories, Browse content in Y8 - Related Disciplines, Browse content in Z - Other Special Topics, Z1 - Cultural Economics; Economic Sociology; Economic Anthropology, Browse content in Z1 - Cultural Economics; Economic Sociology; Economic Anthropology, Z11 - Economics of the Arts and Literature, Z13 - Economic Sociology; Economic Anthropology; Social and Economic Stratification, B - History of Economic Thought, Methodology, and Heterodox.

Jason Bates Soccer, Napoleon Bonaparte Height, Fdot Sampling Testing And Reporting Guide, Jackson Memorial Hospital Observership, World Series Of Youth Lacrosse 2022 Schedule, Articles N