Paradigms. Job agglomeration, talent attraction, reality re-shaped.

Try to look at things from a new standpoint. Don’t think in patterns. Question your paradigms and you may be able to lessen the distortions and reduce the generalizations.

Enrico Moretti: The fact that jobs in innovative industries are so spatially concentrated is very important for our understanding of how the labor market works and also has tremendous consequences for the economic success of communities. Communities that are able to attract jobs in these industries tend to do quite well in terms of earnings and income growth. And communities that don’t [attract these jobs] have experienced much lower rates of growth in earnings and incomes. So understanding the agglomeration of jobs in general in innovation sectors is interesting both for economists and for communities and policymakers.

“The premium placed on talent is now higher than ever and successful communities need to find new ways to both attract and retain talented people. They also need to look to innovative ways to upskill and reskill those people negatively impacted by the pandemic,” noted Lloyd. “Already, several models focused on talent pathways (Washington and Colorado are notable examples) are emerging which could lay the foundation for long term success.”