The Silicon Valley Creative Class Takes Over

The bright-side-of-life school argues, au contraire, that the benefits will continue to trickle, if not exactly as palatably as the 1990s optimists envisioned them. That school includes Enrico Moretti, a labor economist at the University of California, Berkeley, writing for the Wall Street Journal last September: “For each new software designer hired at Twitter in San Francisco, there are five new job openings for baristas, personal trainers, therapists and taxi drivers.” Michael Mandel and Judith Scherer of South Mountain Economics, in a 2012 paper titled “The Geography of the App Economy,” arrived at a similar ratio, as long as you count pizza-deliveryman as a tech-economy spinoff job. Ray Fisman, a Columbia Business School professor writing in Slate, advised victims of deindustrialization to move to tech centers, where they could collect “more than a few crumbs” working as manicurists and lawn cutters for their more creative overlords.

Read more: http://www.utne.com/economy/creative-class-zm0z14uzwil.aspx#ixzz30ZiaAtZi

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