> Reducing land-use constraints in high-productivity New York, San Francisco and San Jose to the level of the median city would expand their labor forces, boosting U.S. gross domestic product by 9.5 percent, according to estimates from a new study by the University of California at Berkeley's Enrico Moretti and the University of Chicago's Chang-Tai Hsieh.
That seems so implausible. The combined population of NYC, SF, and SJ is merely 3% of the US population. I am sure that fraction bunches above its weight, and nearby residents surely contribute too. But how much more effective would NYC/SF/SJ be if they were cheaper to live in?
That seems so implausible. The combined population of NYC, SF, and SJ is merely 3% of the US population. I am sure that fraction bunches above its weight, and nearby residents surely contribute too. But how much more effective would NYC/SF/SJ be if they were cheaper to live in?