Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated Yes

Last Checked Oct. 12, 2020

Created

Wed Oct 02 16:23:19 +0000 2019

Likes

126

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

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

Preceded By

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

Followed By

Paul Krugman @paulkrugman

Now develop technology that lets Clerks work remotely. This lets firms move their jobs to lower-cost locations. But it also frees them to move Nerds to high-cost locations, because they can get the spillovers without having to increase Clerk wages 5/ — PolitiTweet.org

Posted Oct. 2, 2019 Hibernated