My colleague Jonathan Rothwell already reviewed economist Enrico Moretti’s wonderful book, “The New Geography of Jobs,” but I wanted to jump in to highlight one particularly important point among the many Moretti makes. This concerns the matter of why everyone--including those of us worried about the fortunes of lower-income workers--should care about the innovation agenda we have made so much of here at the Metropolitan Policy Program.
On this issue, Moretti speaks pretty insistently to those who remain skeptical about the benefits the high-tech, high-pay innovation economy confers on the rest of society. Put simply, he says that not only do innovative industries bring “good jobs” and high salaries to the communities where they cluster but that their impact is “much deeper” than their direct effect.
To read the original article: Multiplier Effects: Connecting the Innovation and Opportunity Agendas | Brookings Institution
