From a rising young economist, an examination of innovation and success, and where to find them in America.
An unprecedented redistribution of American jobs, population, and wealth is under way, and it is likely to accelerate in the years to come. In this important and persuasive book, Berkeley economist Enrico Moretti reveals this "new geography of jobs" that's benefiting centers of innovation like San Francisco, Boston, Austin, and Durham. And the winners and losers aren't necessarily who you'd expect. Moretti's groundbreaking research shows that you don't have to be a scientist or an engineer to thrive in one of these brain hubs.
Among the beneficiaries are the workers who support the "idea-creators"—the carpenters, hair stylists, personal trainers, lawyers, doctors, and teachers. In fact, Moretti 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 urban areas. It wasn't supposed to be this way. As the global economy shifted from manufacturing to innovation, geography was supposed to matter less. But the pundits were wrong. A new map is being drawn and it's not about red versus blue or rich versus poor. The rise of American brain hubs is causing huge geographic disparities in education, income, life expectancy, family stability, and political engagement. Dealing with this split—encouraging 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.