Collison: Tech workers moving to low-cost regions will be less productive
Patrick Collison · #32 Patrick Collison: Earning Your Stripes · May 2, 2018 · at 1:43:21
Patrick Collison, CEO of Stripe, argues that agglomeration economies mean workers cannot relocate out of Silicon Valley without losing productivity.
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“Because of the sort of the collision of ideas and people in cities makes them more productive than if they were elsewhere. If you believe that to be the case, and there's like pretty good empirical data that it is, then it, you can't just move elsewhere. You can't you can't just move to Nevada or wherever, the South. You actually will be less productive in those zones.”
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