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Search resuls for: "Enrico Moretti"


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"Knowledge spillovers" are IRL meetings that can expand your network or help you learn new things. Economists define knowledge spillovers as serendipitous meetings — on the bus or in a bar, for example — that can expand your professional network or help you learn new things. It's one reason big cities have been "underappreciated" during the pandemic, says economist Enrico Moretti. AdvertisementA 2022 study on knowledge spillovers in Silicon Valley cited the work of developer AnnaLee Saxenian, stating that "frequent face-to-face interactions, and the knowledge flows that resulted, were a large part of what made Silicon Valley the dominant technology hub it is today." You can read more about the professional benefits to living in a big city right here.
Persons: , Insider's Aki Ito, Enrico Moretti, AnnaLee Organizations: Service Locations: Silicon Valley
Moving away from a major city, Moretti found, can be terrible for your career. The market for WFH jobs has cratered, putting everyone who moved away from big cities at risk. Those who moved away from big cities effectively gave up their career insurance. In a big city, you also run into people who work for other companies in your industry — on the bus, at the bar, in line at the deli. "The benefits of being a big city," Moretti tells me, "have been underappreciated" during the pandemic.
Persons: I've, , We've, Enrico Moretti, Moretti, Des Moines, they'll, they're overqualified, That's, Madison Hoff, Aki Ito Organizations: Franciscan, Census, University of California, Business Locations: New York, Los Angeles, San Francisco, Seattle, America's, Berkeley, Paris, Des, Iowa, California, Sacramento, Bay
There is a thing that happens in cities — that we think happens in cities — when people with lots of different ideas bump into each other on the sidewalk, or at the bar or the grocery store or the gym. The urbanist icon Jane Jacobs identified these collisions as central to what makes cities dynamic. “The chance encounters facilitated by cities,” the economist Edward Glaeser has written, “are the stuff of human progress.”Remote work has, well, blurred this picture. How do workers spill their knowledge when they’ve moved to Montana, or the exurbs? “It’s a trying time, certainly, for my view of the world,” said Enrico Moretti, a Berkeley economist who has written extensively about why it’s good for workers, companies and the economy when people cluster in particular cities.
Persons: Jane Jacobs, , Edward Glaeser, they’ve, , Enrico Moretti Locations: , Montana, Berkeley
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