"Econ 102" with Noah Smith and Erik Torenberg

Noah's new book topic, Evaluating Immigration, Saving Midwestern Cities

15 snips
Sep 26, 2024
The hosts dive deep into immigration's economic impact, especially in Midwestern towns, debunking common myths about job losses. Insights on Japan's economy and innovative strategies for revitalization are shared, including the importance of attracting foreign investments. The discussion touches on demographic shifts and the essential role of both high-skilled and low-skilled immigrants in fostering local economies. Historical perspectives on immigration add nuance, revealing the complexity of identities within societal narratives.
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ADVICE

Reviving Stagnant Economies

  • Treat rich, stagnating countries like developing ones.
  • Focus on catch-up growth and multi-pronged strategies.
INSIGHT

Japan's Untapped Potential

  • Japan's changing; mid-career hiring is increasing, and foreign interest is high.
  • Leverage foreign investment for talent, ideas, and tech.
ANECDOTE

Betting and Beliefs

  • Noah bet on Bernie Sanders to win in 2020 as a hedge.
  • This illustrates how bets don't always reflect true beliefs.
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