Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 12, 2020

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Wed Oct 02 16:21:57 +0000 2019

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Paul Krugman @paulkrugman

Sketch of a model: imagine that production requires two kinds of workers, Nerds and Clerks. Nerds benefit from the spillovers that come from being near each other, be it Silicon Valley or Wall Street. Clerks don't. But in the past they had to be located together 3/ — PolitiTweet.org

Posted Oct. 2, 2019 Hibernated

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Paul Krugman @paulkrugman

So I'm playing with a hypothesis, which is that "offsiteing" — not offshoring, which is moving stuff abroad, but just moving it to lower-cost locations in the US — may actually be contributing to divergence 2/ — PolitiTweet.org

Posted Oct. 2, 2019 Hibernated

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Paul Krugman @paulkrugman

This limited concentration of firms in big metropolitan centers, because firms choosing to locate there had to pay both Nerds and Clerks higher wages to compensate for higher land prices and hence cost of living 4/ — PolitiTweet.org

Posted Oct. 2, 2019 Hibernated