Globalization favors open networks, people who can do business with each other on a minimal amount of trust, and avoids closed networks, the parochial neighborhoods that only look out for their own.
The Innovation Economy peaked with the last financial crisis. In the emerging epoch—the Talent Economy—the competition among companies like Google and Facebook for the same pool of ideas makers will reshape our cities.
If the mayor of New York City actually believes in brain drain—and that "being cool counts"—then he should be more concerned about the 1.3 million people that left his metro area between 2000 and 2010.
Measuring the development of patches of Earth seems ridiculous. But that's exactly what we do. How might things differ if we measured income per natural instead of income per resident?
People have been trying, for decades, to convince us that our country is in relative decline from an exceptional peak, that we must be on the road to ruin.
Nearly a century ago, during the Great Migration, less-educated individuals were the ones who left home in search of better lives. The opposite is true today, with the educated more mobile than ever before, leaving some places in a spiral of decline.