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The more I think on this topic, the more I think this statement is incorrect. Or rather it's correct, but irrelevantly so. Sure new markets will be created if
by phil21 10y ago
The more I think on this topic, the more I think this statement is incorrect.
Or rather it's correct, but irrelevantly so. Sure new markets will be created if your worker pool is made up highly motivated and college educated individuals. But it won't matter for that first generation - economies simply don't shift that quickly.
It's not a linear correlation, but it's a lot more linear than economic theorists would lead you to believe. In human working-age timescales, it may as well be linear.