For most of the last century, wages in poorer parts of America rose faster than wages in richer places, as inventions were put to work in the hinterlands. After Henry Ford invented the Model T, for example, workers on assembly lines all over the Midwest built it.
Now it’s just the opposite. Bright young people from all over America, typically with college degrees, are streaming into the talent hubs of America—where the sum of their capacities is far greater than they’d be separately.
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Folksonomies:
Folksonomies: