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Surely that apples to any well-paid jobs? Think of the distorion caused by finance (New York and London), oil and gas (Aberdeen, Edmonton), gold mining (1860s San Francisco), government (Washington DC, Beijing, Paris). But you can't run a functional country while trying to ban well-paid jobs.



It doesn't apply uniformly. Well-paid jobs in finance and tech are especially concentrated among a small cognitive elite. Industries like oil and gas or chemical refining generate a much broader distribution of well-paid jobs for average workers. Houston is a much flatter place economically and socially than the New York or SF.

You need some critical mass of finance, tech, etc., but you can manipulate industrial policy to generate more of the jobs that create broad prosperity and less of the jobs that create outsized returns for a few. Contrast say the heavily financialized economies of the U.S. to the more industrial economies of Germany or Japan.




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