Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 12, 2020

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Wed Oct 02 16:25:14 +0000 2019

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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

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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

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Paul Krugman @paulkrugman

Assuming Nerds have more education and higher wages, the result is growing regional disparities in both education and incomes. And I'm pretty sure that land prices in big centers might actually go up even though it's easier to move some stuff away 6/ — PolitiTweet.org

Posted Oct. 2, 2019 Hibernated