Thursday, August 2, 2012
More on the Coast-Interior Divide
From here. Many of these currently unemployed were "masked" by the housing boom in the late 90s and aughts. And do we think the economy will be more or less based on human capital (and education) ten years from now? An interesting metric is education-years per square mile, which has been shown to correlate better with per capita patents than just average education. Seattle has higher average education than San Francisco but SF is denser, and produces more patents.
A low-education, low-density area shows little promise for economic growth, and produces voting patterns that aren't promising in terms of rescuing things.