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Ricardo Hausmann & J. Doyne Farmer on Evolving Technologies & Market Ecologies (EPE 03)

COMPLEXITY

NOTE

Insufficient Diversity of Labor Leads to Bad Outcomes in Disrupted Industries

Insufficient diversity of jobs can lead to bad outcomes such as social problems, drug addiction, and depression./nFrank Nefke's paper shows that how much an individual earns depends on how complementary they are with the people they work with./nLarge firms and cities allow for better matches and complementarities among workers.

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