Edward Glaeser on Joblessness and the War on Work
EconTalk
00:00
I Love That Story as an Economist
Cities like new york and san francisco are less expensive than rural areas. But wages can adjust in those cities if there is a large supply of workers working. And yet they don't, or at least partially compensate for the higher housing costs. For persons living in rural ohio or kentucky, where things are not so good, you'd think they'd want to move to cincinnati or cleveland. I feel entirely confident that there something wrong in the fact that we are not making it easy to move into the most economically successful parts of america.
Transcript
Play full episode
