Richard Florida seems to be embracing, somewhat, my thesis that the U.S. is suffering from an innovation shortfall.
The economist Michael Mandel has argued that America’s capacity for innovation is faltering. Silicon Valley is of course this country’s powerhouse region for technological innovation–and seemingly a statistical outlier. With nearly 400 patents issued per 100,000 residents, the region is eight times more productive than the national average. But it wasn’t always this way. Manufacturing centers such as Detroit and Pittsburgh once led the country in patents per capita. In the last 35 years, metropolitan regions have surged and dipped in innovation, but the San Jose-Sunnyvale metro area has only climbed higher.
I’m going to do a post soon about creative economy jobs.