Urban Economy

In “The New Geography of Jobs”, Enrico Moretti seems to attribute the ability of a city’s economy to the state of the rest of the city. He observes that those with more knowledge tend to live and work in more knowledge-based communities, and this clustering makes a city’s innovative economy more successful. This success makes more highly-skilled laborers come to the city, and it drives out unskilled-laborers. This creates quite a gap between the economic levels of cities, and Moretti points out further that this gap makes all other economic equalities stand out as a result. Moretti also observes that cities that have a growing number of innovative jobs were brought up by the multiplying factor, under which a few of these more-skilled and more creative jobs were taken, leading to an increase in the amount of jobs in that city as well as an increase in the total economy of that city in terms of salaries and wages earned. I agree with the notion that when one area fosters, another area suffers as a result, and the economic tides are constantly moving and changing.I think that i would be a techno-optimist if i was working for an are with a good economy, whereas id be a pessimist if I weren’t.