The Blue Economy

“In 1970, L.A. and San Francisco were virtually similar in terms of their incomes, wages, productivity, and living standards. Yet, by 2010, there was nearly a one-third difference in their income levels.” A new book attempts to look at what happened. How did LA fall so far behind? (It’s obviously a combination of the emergence of the Internet industry and the fact that the Dodgers suck.)

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