Telosaes.it

April 2013, Year V, n. 4

Enrico Moretti

Human capital is a compass: look for innovation and you will find wealth.

Telos: The polarisation of incomes and wealth is a topical issue. In your book, “The new geography of jobs”, you described the increasing divergence among geographical areas taken as a whole, beyond that among workers with different skill levels. Could you please outline the outcome of your research?

Enrico Moretti: When we take into account the most significant changes in the U.S. labour market over the last 30 years, 2 long-period trends emerge. The first one is a relative increase in the demand for high-skilled workers, compared to that for low-skilled workers. This trend stems both from technological progress and from the globalisation of the markets of goods and services ... more

Editorial

We are told that History is always written twice; this was certainly the case of the creation of the Eurozone. Not many years ago, Italy’s entry into the monetary Union was exalted as a success, finally allowing our Country to enjoy financial stability. Many held the view that the Italian manufacturing industry might not be able to compete in the global market, once deprived of the weapon of competitive devaluations ... more