Sunday Train: Richard Florida and the End of the Automobile Age | 26 comments (26 topical, editorial, 0 hidden)

Re: the Automobile Age (4.00 / 2)

Ford paid well enough that his workers could afford to buy his cars. That meant that the could also afford housing and food. That meant that every job at Ford led to three or four jobs elsewhere in the economy. Web developer cottage industry workers probably don't generate the same multiplier effect. Do you have any numbers on that?

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Aug 18th, 2010 at 02:48:41 PM EST
[ Parent ]

The macreconomic ... (none / 1)

... multiplier has dropped substantially, largely because of the substantial increase in the import share of total consumption. I don't know off the top of my head of industry specific studies of multiplier effects, but there may be something by income level that could be tied back to industry level studies of income distribution.

So, no, I don't know but its a great question. As far as I can tell, Richard Florida gets his causality from rough correlation of a "Knowledge class" that does not seem to be very clearly defined independent of his line of argument.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Aug 18th, 2010 at 03:13:36 PM EST
[ Parent ]

Re: The macreconomic ... (none / 0)

The subject would seem ripe for some macro economist to investigate.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Aug 18th, 2010 at 08:27:21 PM EST
[ Parent ]

Sunday Train: Richard Florida and the End of the Automobile Age | 26 comments (26 topical, 0 editorial, 0 hidden)

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