Book Review: The New Geography of Jobs

Some economic texts get lost in the minutia. However, The New Geography of Jobs takes a step back to revel in the Big Picture where the real patterns of commerce can be explored.

Author Enrico Moretti, a University of California, Berkley professor of economics, examines economic trends from the U.S.’s manufacturing days to the current innovation craze. Moretti concludes the U.S. is experiencing a quickly accelerating transformation of its labor markets, affecting different cities in unique ways. Like a high-stakes teeter-tooter, manufacturing-driven cities have declined in tandem with foreign manufacturing’s dramatic rise. Now, the U.S. is a nation fueled by innovators and experts, rather than physical producers.

What does all this mean for California housing professionals?