Do you have any proof for that? Everything I know says that more qualified people congregate, in general in the places with the highest cost of living...
more qualified people congregate, in general in the places with the highest cost of living
That has to do with short job tenures (in the US) and industry consolidation. In the past, someone might have joined Upjohn in Kalamazoo, Eli Lilly in Indianapolis or Dow in Midland and stayed there their whole careers. Nowadays everyone changes jobs every 5 years and employment is in San Francisco, Boston and San Diego. It's problematic.
Mass wealth accumulation and wealth inequality has shifted power so far towards businesses that the general populous requires solving a massive orchestration problem (together) in order to change that imbalance which I'm beginning to believe may not be something that can reach critical mass and a stable state in larger populations as historically peaceful revolutions were capable of.
As such, businesses are calling the shots economically, legislatively/governmentally, culturally, ... and their interests are falling further out of alignment with most peoples' well being.
We're becoming less innovative and working more to chase short-term profit margins for employers that keep us fed and sheltered instead of pursuing societal interests.
From your DOW example and the chemical industry, DOW and those they've acquired used to innovate. In their later years they've turned in an IP portfolio management business, focusing on strategic patent purchases to stiffle competitors and eek our royalties for certain processes.
This isnt unique to the chemical industry, it's happening across the board. In the neverending quarterly optimization search space, we're making tradeoffs that are hurting us more and more leading to instability in society all to inflate a few peoples' pockets and grips on control.
The labor market has always been a target but due to social ramifications, has been largely avoided. We're now seeing more aggressive attacks on optimizing costs in the labor market in order to meet growth expectations and it's really starting to press on people. I'm just wondering at which point enough people will crack or give up instead of continuing to support the madness.
