tag:blogger.com,1999:blog-29127973.post7541317609905689323..comments2023-10-27T03:16:03.213-04:00Comments on Burgh Diaspora: End Of Talent AgglomerationJim Russellhttp://www.blogger.com/profile/13078184665418828961noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-29127973.post-60866571602110699432012-07-02T18:38:58.508-04:002012-07-02T18:38:58.508-04:00Mr. Irving,
No book, yet. I use this blog to work...Mr. Irving,<br /><br />No book, yet. I use this blog to work out ideas. This post is half-baked. I had a few more paragraphs to write, but ran out of time.<br /><br />I recently read "The New Geography of Jobs." Moretti takes the long view on the economy. He discusses the rise and fall of both agriculture and manufacturing. His book is about the rise of the Innovation or Knowledge Economy. Agglomeration characterizes the rise. Diffusion characterizes the fall.<br /><br />Agglomeration can occur as long as location trumps cost. Thus, we get the great divergence that Moretti maps. Innovators and innovation companies cram into a few cities, creating a "thick" labor market. The rich get richer. The poor get poorer. Wealth is a function of geography.<br /><br />At some point, cost matters more than geography. The first step is a cheaper location (e.g. manufacturing jobs moving from the North to the South). Next up, efficiency gains: Less head count, greater output.<br /><br />I see the near-shoring of finance as the first step of decline. The long period of agglomeration has ended. The world is flat.Jim Russellhttps://www.blogger.com/profile/13078184665418828961noreply@blogger.comtag:blogger.com,1999:blog-29127973.post-33255314797546252082012-07-02T16:47:42.301-04:002012-07-02T16:47:42.301-04:00I'm a fan of this blog, an economic developmen...I'm a fan of this blog, an economic development planner working in Milwaukee, and I am frequently interested in the articles you publish. I have to admit though, there are times when your overarching philosophy is a bit unclear. I was reading this article and nodding along until I reached your concluding statement "The Innovation Economy has begun its decline" Huh? The article focused on the diffusion of knowledge sector employment from traditional centers without the sense that this diffusion was a result of some "decline" but rather cost centric decision making. <br /><br />Have you written a paper or book on the "it" that underpins your worldview? Perhaps there is an article in particular that resembles a manifesto?washington irvinghttps://www.blogger.com/profile/17162831343420729829noreply@blogger.com