Tuesday, May 21, 2013
To a striking degree, conventional wisdom holds that the future belongs to large, agglomerating cities with “thick labor markets” that support high-tech innovation. It is an article of faith advanced by influential urban economists Richard Florida and Edward Glaeser, who call for nurturing the “megaregions” that have emerged victorious from post-1970s global market restructuring. Labor economist Enrico Moretti has taken the argument to almost comical extremes. “Three Americas” are taking shape along urban-geographical lines, he argues, that are (supposedly) fast replacing older forms of inequality based on class and race: “Brain Hubs” that attract the college-educated, deteriorating former manufacturing centers, and cities that could go either way—toward brain hubbery or into oblivion.