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Sunday, April 8, 2018

TODAY'S BIG NUGGET: Trumpland Likely to Become More Trumpified

What’s the Matter With Trumpland? (Paul Krugman) from the New York Times
"Moretti argues that structural changes in the economy have favored industries that employ highly educated workers — and that these industries do best in locations where there are already a lot of these workers. As a result, these regions are experiencing a virtuous circle of growth: Their knowledge-intensive industries prosper, drawing in even more educated workers, which reinforces their advantage.  And at the same time, regions that started with a poorly educated work force are in a downward spiral, both because they’re stuck with the wrong industries and because they’re experiencing what amounts to a brain drain."

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