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by ihsw
3428 days ago
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Wealth has gravitated around massive city centers since time immemorial and China is even more hostile to foreigners. If you think America is the only one artificially gating wealth within the border then you are in for a rude awakening. Coastal cities in America will continue to be a melting pot of culture but the wealth won't be siphoned off unabated. The rationale behind the policy is ending the indentured servitude experienced by foreign workers and the hollowing out of the middle class. |
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In our current economy, if you want to have a high-paying job you have to have a highly productive job. The best way to do that is to be in a city that has high network effects. Centralization and computerization is allowing people in cities to be more and more productive. This is why even Walmart has fewer regional managers and employs more people in cities managing logistics or even doing research in programs like @WalmartLabs.
Being in a city helps you be more productive due to network effects in contacts, opportunities, leads and education. If we want to help people out, we need to help them get those benefits elsewhere or help them move to the coastal cities that already have these networks.